Arbinet Announces Corporate Name Change
2009-06-23
Arbinet Announces Corporate Name Change
New Name to be Arbinet Corporation
NEW BRUNSWICK, N.J., June 23 /PRNewswire-FirstCall/ –– Arbinet-thexchange Inc. (Nasdaq: ARBX) announces that it has changed its name to Arbinet Corporation. President and CEO, Mr. Shawn O’Donnell made the announcement at the Company’s Annual Shareholder’s Meeting held on June 16, 2009 in New Brunswick, New Jersey. The announcement follows a vote by shareholders who approved the name change by an overwhelming majority.
O’Donnell stated that "Arbinet Corporation is a name that more clearly reflects the company’s evolution from an electronic marketplace for the exchange of voice services to one that provides cost-effective and simplified voice and Internet Protocol (IP) services to global telecommunications carriers and service providers. We have begun to devote a portion of our resources, in both capital and personnel, towards building these additional services, namely thexchange(TM), Carrier Services and Private Exchange(TM). This name change reflects the increased flexibility and the expanded ways that the company works with telecom customers and suppliers."
Arbinet is well-known as the operator of thexchange, the world’s largest exchange for voice traffic where customers and suppliers trade, route, manage and settle voice traffic to more than 1400 international destinations. The 1100+ members of thexchange connect anonymously with each other via a single interconnect.
Arbinet Carrier Services is a standard wholesale interface where customers buy from a number of A-Z routing tables using traditional wholesale processes. Suppliers of thexchange can qualify to be included in the Carrier Service routing tables.
Arbinet’s Private Exchange simplifies direct interconnections between carriers. It enables Arbinet Carrier Service customers and thexchange members to create virtual direct routes with more than 1100 service providers across the globe. Private Exchange users negotiate their own commercial deals and then route traffic directly to each other over the Arbinet Network. Arbinet handles credit management, settlements and performs TDM/VoIP conversions as well as SIP/H.323 signaling translations.
All three of Arbinet’s global voice traffic delivery services are supported by the company’s industry leading CreditWatch(SM) credit management technology which is backed by third party underwriting to guarantee fast, reliable payments.
About Arbinet Corporation
Arbinet is a leading provider of international voice and IP solutions to carriers and service providers globally. With more than 1100 carriers across the world utilizing the Arbinet Network, Arbinet combines global scale with sophisticated platform intelligence, call routing and industry leading credit management and settlement capabilities. Customers and suppliers include many leading 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. The company can be reached at its corporate headquarters in New Brunswick, NJ at +1.732.509.9100 or by email at [email protected].
For more information, please visit www.arbinet.com.
Forward Looking Statement
This press release may contain forward-looking statements regarding anticipated future revenues, growth, capital expenditures, management’s future expansion plans, expected product and service developments or enhancements, discussions of strategy, and future operating results. Various risks and uncertainties may cause Arbinet’s actual results to differ materially. 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.
SOURCE Arbinet Corporation
CONTACT:
Ilissa Miller, Jaymie Scotto & Associates,
+1-866-695-3629, [email protected]; or
Tajma Kotoric of Arbinet,
+1-732-509-9289, [email protected]
Web Site: http://www.arbinet.com
(ARBX)
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