Arbinet Expands Infrastructure and Resources in Asia to Serve Market Demand
September 13 2005 - 1:01PM
PR Newswire (US)
NEW BRUNSWICK, N.J., Sept. 13 /PRNewswire-FirstCall/ -- Arbinet-
thexchange, Inc. (NASDAQ:ARBX), the leading electronic market for
trading, routing and settling communications capacity, announced
today the expansion of its exchange infrastructure and regional
support in Hong Kong to facilitate increased trading for its
growing Asian Membership. As part of this initiative, Arbinet has
activated a switch in the Sino Favour Center, Hong Kong, allowing
Asian exchange Members to seamlessly trade with other world markets
without major investments in infrastructure or personnel. Arbinet's
Membership in Asia includes leading global carriers such as Japan
Telecom, KDD, New World Telecommunications, Philippine Long
Distance Telephone Company, Reach, SingTel, Smart
Telecommunications, Telekom Malaysia and TelstraClear. To date,
four of the five largest international carriers in Asia are Arbinet
Members. "The Asia-Pacific region now represents an astounding 41%
of the world's telephony subscribers and it is the fastest growing
telecom region," explains Curt Hockemeier, Arbinet President and
CEO. "There are tremendous opportunities to capitalize on this
growth. Arbinet's expansion into Hong Kong will give Arbinet a more
geographically diverse platform to increase liquidity in these
markets and create new buy and sell opportunities for all Members
worldwide." Expected Member benefits from Arbinet's Hong Kong
expansion will include: * The ability to trade with carriers in the
US, Europe, Latin America, Africa and the Middle East through a
single interconnect with secured settlement to eliminate credit
risk * An automated, streamlined way to take advantage of regional
pricing opportunities * Arbinet's DirectAxcess service, which --
Allows a buyer to directly interconnect with fixed and mobile
operators worldwide and avoid the capital expenditure and lengthy
negotiations required for bilateral interconnection -- Offers a
seller a low-cost, global channel to market premium direct
termination on its in-country fixed or mobile network Arbinet has
added resources to its Asian team led by Kenny Wan to support
Member trading including Helen Ng, Senior Account Development
Manager, who brings more than 10 years of experience in the Asian
telecommunications industry. Arbinet has also doubled capacity
between its Hong Kong and Los Angeles exchange delivery points to
support trading between Asia and Arbinet's growing worldwide
Membership, which now totals 385. About Arbinet Arbinet is the
leading electronic market for trading, routing and settling
communications capacity. Members of the exchange, consisting
primarily of communications service providers, buy and sell voice
calls and Internet capacity based on route quality and price
through its centralized, efficient and liquid marketplace. Members
place orders through a web-based interface. Its fully automated,
highly scalable trading platform matches these orders using
proprietary software and delivers them through state-of-the-art
facilities. Forward-Looking Statements This press release contains
"forward-looking statements" (within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended), including
statements about the Company's growth, future operating results,
and benefits to our trading members of the addition of the new Hong
Kong exchange delivery point, including increased liquidity derived
from the additional Hong Kong exchange delivery point. Various
important risks and uncertainties may cause the Company's actual
results to differ materially from the results indicated by these
forward-looking statements, including, without limitation: members
(in particular, significant trading members) not trading on our
exchange (due to, among other things, the lack of a liquid market)
or utilizing our new and additional services (including data on
thexchange, mobile on thexchange services, and DirectAxcess(SM)
trading service); continued volatility in the volume and mix of
trading activity (including the average call duration for
DirectAxcess(SM) and the mix of geographic markets traded); our
uncertain and long member enrollment cycle; our ability to manage
our credit risk; our ability to manage our growth; competitive
factors; system failures, human error and security breaches could
cause the Company to lose members and expose it to liability;
future government regulation; and the Company's ability to obtain
and enforce patent protection for our methods and technologies. For
a further list and description of the risks and uncertainties the
Company faces, please refer to the Company's annual report on SEC
Form 10-K for the fiscal year ending December 31, 2004 and other
filings, which have been filed with the Securities and Exchange
Commission. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Carolyn
Robertson STC Associates 1.212.725.1900 ext. 204 Chris Reid
Arbinet-thexchange 1.732.509.9160 DATASOURCE: Arbinet-thexchange,
Inc CONTACT: Carolyn Robertson, STC Associates, +1-212-725-1900
ext. 204, ; Chris Reid, Arbinet-thexchange, +1-732-509-9160, Web
site: http://www.thexchange.com/ http://www.arbinet.com/
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