Arbinet Appoints Robert M. Pons to the Board of Directors
April 13 2009 - 4:16PM
PR Newswire (US)
Appoints David Reymann Chair of the Audit Committee NEW BRUNSWICK,
N.J., April 13 /PRNewswire-FirstCall/ -- Arbinet-thexchange, Inc.
(NASDAQ:ARBX), a leading provider of innovative voice and IP
solutions for buying and selling telecommunications capacity,
announced today that the company has appointed Robert M. Pons to
the Board of Directors. The Company also announced the resignation
of Michael Ruane from the Board and the appointment of David
Reymann to succeed Mr. Ruane as Chair of the Audit Committee.
"Arbinet would like to thank Michael Ruane for his hard work and
contributions to the board. With his departure, we are very pleased
to announce the appointment of Robert Pons to our board of
directors," stated Shawn O'Donnell, Arbinet's Chief Executive
Officer and President. "Robert brings over 25 years of proven
leadership experience which includes the implementation of new
business strategies that successfully recapitalized companies." "In
addition to Mr. Pons' appointment, the Board has also appointed
David Reymann as Chair of the Audit Committee," continued Mr.
O'Donnell. "Mr. Reymann has a wealth of financial experience, and
we look forward to his leadership role as he oversees Arbinet's
accounting and financial reporting processes and the audits of
financial statements." "I am very excited to work with Shawn
O'Donnell and the rest of the board of directors to strategically
and successfully grow Arbinet," acknowledged Mr. Pons. "With
Arbinet's scale, flexibility and financial stability, it is well
positioned to grow within the global telecommunications industry."
Mr. Pons is the Senior Vice President of Capital Markets for TMNG
Global (NASDAQ:TMNG), where he manages the newly formed Capital
Markets practice. TMNG Global provides professional services to the
converging communications industry to more than 1200 communications
service providers, entertainment, media and technology companies,
and financial services firms worldwide. Prior to TMNG, Mr. Pons was
the President and Chief Executive Officer for Uphonia, formerly
SmartServ, where he successfully recapitalized the wireless sector
of the business. Mr. Reymann joined the Board of Arbinet in January
2009. He is the Chief Financial Officer for Critical Response
Networks, LLC and serves on the board of directors of Avatech
Solutions, Inc (AVSO.OB) as chairman of its audit committee. For
more information on Arbinet, visit http://www.arbinet.com/. About
Arbinet Arbinet is a leading provider of innovative voice and IP
solutions empowering communications companies to create the most
efficient and valuable global interconnections. Arbinet offers the
greatest flexibility in global scale, platform intelligence, and
managed solutions to achieve commercial efficiency and
interconnection simplicity. Arbinet manages business relationships,
back office operations and call routing for Members who route
through Arbinet approximately 2% of the world's international voice
traffic to over 1,300 destinations worldwide. These Members include
fixed line, mobile, wholesale and VoIP carriers as well as calling
card, ISPs and content providers around the world who buy and sell
voice and IP telecommunications capacity and content. For more
information about Arbinet's solutions, visit
http://www.arbinet.com/ Forward-Looking Statements This press
release contains forward-looking statements regarding anticipated
future revenues, growth, capital expenditures, management's future
expansion plans, expected product and service developments or
enhancements, and future operating results. Such forward-looking
statements may be identified by, among other things, the use of
forward-looking terminology such as: "believes," "expects," "may,"
"will," "should" or "anticipates," or the negative thereof or other
variations thereon or comparable terminology, or by discussions of
strategy that involve risks and uncertainties. Various important
risks and uncertainties may cause Arbinet'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 or utilizing our new and additional services (including
DirectAxcess(SM), PrivateExchange(SM), AssuredAxcess(SM) and
PeeringSolutions(SM)); continued volatility in the volume and mix
of trading activity; our uncertain and long member enrollment
cycle; the failure to manage our credit risk; failure to manage our
growth; pricing pressure; investment in our management team and
investments in our personnel; regulatory uncertainty; system
failures, human error and security breaches that could cause
Arbinet to lose members and expose it to liability; Arbinet's
ability to obtain and enforce patent protection for our methods and
technologies; losses in efficiency due to cost cutting and
restructuring initiatives; decreased trading volumes due to our
efforts to increase call quality on the exchange; economic
conditions and volatility of financial markets, and the impact they
may have on Arbinet and its customers; and disruption or
uncertainty resulting from recent changes in senior management. For
a further list and description of the risks and uncertainties the
Company faces, please refer to Part I, Item 1A of the Company's
Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on March 16, 2009, and other filings that have been
filed with the Securities and Exchange Commission. Arbinet assumes
no obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise and such
statements are current only as of the date they are made. Ilissa
Miller Jaymie Scotto & Associates 1.866.695.3629 Tajma Ibric
Arbinet 1.732.509.9166 DATASOURCE: Arbinet-thexchange, Inc.
CONTACT: Ilissa Miller, Jaymie Scotto & Associates,
1-866-695-3629, ; or Tajma Ibric of Arbinet, +1-1-732-509-9166, Web
Site: http://www.arbinet.com/
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