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 Contact:

  STC Associates
  Carolyn Robertson
  212-725-1900 ext. 204
  [email protected]


FOR IMMEDIATE RELEASE

Members Trade 2 Billion Minutes on Arbinet-thexchange in Second Qtr.; Minutes up 24% Qtr. over Qtr.; 12th Consecutive Qtr. of Growth


New Brunswick, NJ – July 10, 2003 – Arbinet-thexchange, the full-service trading solution for buyers and sellers of voice minutes, said its 2nd quarter was its 12th consecutive quarter of growth. Trading was up 24% quarter over quarter, at 2.05 billion minutes.

Arbinet-thexchange President and CEO Curt Hockemeier explains, “Voice minutes provide the bulk of this industry‚Äôs revenues. Our liquid spot market and advanced automated trading platform give our Members significant cost and credit savings for this business, allowing them to expand margins under tough market conditions. We grow this business by working with our Members to identify new ways to streamline their minutes trading operations.”

The Company recently announced a spot market expansion with a new virtual Exchange Delivery Point (EDP) to allow Members to connect additional supply and demand in Frankfurt/Main, Germany.

About Arbinet-thexchange

Two processes central to all telecom companies are selling access to their networks and routing calls off their networks to destinations worldwide. Arbinet-thexchange has created the spot market and designed and built the world’s most advanced system to automate anonymous minutes trading between telecom companies. More than 250 Members, including 12 of the 15 largest international telecom carriers, use thexchange to reduce their cost of service, improve route quality and expand revenues by reaching new markets without extensive network build out.

A Member inputs trade parameters and the system automates sales and purchase order execution, complex calling code matching, call routing to specific breakout destinations and manages the quality of service of traded capacity. The system also handles the credit risk management, billing and commercial settlement aspects of these transactions.

Arbinet-thexchange also distributes spot market transaction data that provides carriers with reliable pricing, quality and routing information for use in planning and negotiations. These products include: AXCESSCODEsm international calling code breakouts and AXCESSRATEsm spot market price and quality data.

For more information, visit Arbinet-thexchange at www.thexchange.com.

120 Albany St. Tower II, Suite 450, New Brunswick, NJ 08901
phone: 732-509-9100, fax: 732-509-9101, website: www.arbinet.com

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