Joe Cecin Appointed to Arbinet Board of Directors
November 05 2008 - 8:00AM
PR Newswire (US)
NEW BRUNSWICK, N.J., Nov. 5 /PRNewswire-FirstCall/ --
Arbinet-thexchange, Inc. (Nasdaq GM: ARBX), a leading provider of
innovative voice and IP solutions for buying and selling
telecommunications capacity, today announced the appointment of
Jose "Joe" A. Cecin, Jr., 45, to the company's Board of Directors
effective immediately. Mr. Cecin will stand for election at the
2011 Arbinet annual meeting of shareholders. "We are pleased to
welcome Joe to our Board and look forward to benefiting from his
extensive telecom industry experience," said Shawn O'Donnell,
President and Chief Executive Officer of Arbinet. "Joe's background
and broad business knowledge will enhance the depth and breadth of
our Board and prove valuable as we advance our strategic plan." "I
look forward to working with Shawn, his executive team and the
other members of Arbinet's distinguished Board," said Joe Cecin.
"Arbinet is an exciting company with significant growth potential
and I am honored to be joining the Board at this time." Mr. Cecin
has over 23 years of leadership and management experience with a
strong focus on telecom operation, finance and corporate
development. Mr. Cecin is currently the President of Athena
Advisory Services, a consulting and professional services company
he formed in September 2008. Prior to forming Athena, Mr. Cecin was
Managing Director of BB&T Capital Markets. Mr. Cecin is also a
co-founder of Cambrian Communications, a facilities-based
telecommunications service provider, where he served as Chief
Operating Officer (COO) and a member of the Board of Directors. Mr.
Cecin has served on the Board of Directors and Board of Advisors of
several companies, both public and private, including SkyTerra
Communications and NEON Group, Inc. Mr. Cecin earned a BS degree in
Electrical Engineering from the United States Military Academy at
West Point and an MBA from Stanford University. Prior to attending
business school, Mr. Cecin served as an officer in the United
States Army's 25th Infantry Division. 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. Arbinet Members include fixed line, mobile,
wholesale and VoIP carriers as well as calling card, ISPs and ASPs
around the world who buy and sell voice and IP telecommunications
capacity. 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
DirectAxcessSM, PrivateExchangeSM, AssuredAxcessSM and
PeeringSolutionsSM); 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; 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 17, 2008, 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. Contacts: Jack Wynne, CFO
Arbinet-thexchange, Inc. 732-509-9230 Andrea Priest / Andi Salas
Joele Frank, Wilkinson Brimmer Katcher 212-355-4449 DATASOURCE:
Arbinet CONTACT: Jack Wynne, CFO of Arbinet-thexchange, Inc.,
+1-732-509-9230 or Andrea Priest or Andi Salas of Joele Frank,
Wilkinson Brimmer Katcher for Arbinet-thexchange, Inc.,
+1-212-355-4449 Web Site: http://www.arbinet.com/
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