FOR IMMEDIATE RELEASE
Arbinet Names Scott Campbell Vice President, Digital Media Services
New Brunswick, NJ, May 31, 2006 – Arbinet-thexchange, Inc. [Nasdaq: ARBX], the leading provider of solutions to simplify the exchange of digital communications, announces the appointment of Scott Campbell as Vice President Business Development, Digital Media Services. Bringing more than 18 years of hands-on experience in content production, business development and the management of digital media, Campbell will lead Arbinet’s initiatives in the digital media space.
Curt Hockemeier, President and Chief Executive Officer of Arbinet comments, "We are pleased to welcome Scott Campbell as a new member of the Arbinet team. His extensive expertise in many sectors of digital media combined with his experience developing successful start-up businesses will be invaluable to Arbinet’s execution of its growth strategy."
Prior to joining Arbinet, Campbell was Vice Consul and Media & Communications Industry Advisor for the British Government where he was responsible for development strategies and initiatives in the TV, Radio, Music, Gaming, Internet and Wireless sectors. Among his numerous accomplishments in this role, Campbell developed an innovative Music Discovery search engine and e-commerce portal for the UK music industry.
Prior to his tenure with the British Government, Campbell was President of Vedalabs, Inc., a digital music software development company, where he led efforts to develop an open platform legal peer-to-peer ‘stream-sharing’ product. The company’s proprietary encryption technology and source code was later sold to a publicly traded incubator fund in New York City.
Bob Barbiere, Senior Vice President Strategy and Platform Development adds, "One of Arbinet’s key growth strategies is to apply our technology, relationships and intellectual property to other digital goods. Scott’s proven track record developing digital media businesses will be a great asset in these endeavors and I look forward to working with him as we pursue these opportunities."
Campbell previously held the position of Director of Digital Initiatives for Lucent Technologies, where he spearheaded the business development and marketing efforts and assisted with the productization and commercialization of Lucent’s broad base of intellectual property in the digital audio and video codec markets. He also served as CEO of Virtually Atomic, a digital projects consulting company, where he co-developed and launched the world’s first music hosting service. This service generated the core revenue for Liquid Audio, Inc. which subsequently raised $135M in a 1999 IPO.
Arbinet solutions simplify the exchange of digital communications in a converging world. These include exchanges, a transaction management platform and managed services which streamline performance and improve profitability for Members.
Arbinet’s 600+ voice and data Members, including all 10 of the world’s 10 largest international carriers, use Arbinet’s Internet based electronic platforms to buy, sell, deliver and settle transactions valued at about $500 million in 2005. These Members include fixed, mobile and VoIP carriers, ISPs and content providers from more than 60 countries who exchange voice, data, content and value added services.
This press release contains forward-looking statements regarding our growth strategies for digital media and our ability to execute on those strategies, as well as future revenues, growth, capital expenditures, management’s future expansion plans, expected product and service developments or enhancements. Such forward-looking statements may be identified by the use of the following words (among others): "believes," "expects," "may," "will," "plan," "should" or "anticipates," or comparable words and their negatives. These forward-looking statements are not guarantees but are subject to risks and uncertainties that could cause actual results to differ materially from the expectations contained in these statements, including risks associated with the Company’s business, such as, for example, the Company’s revenue growth; its ability to expand services to support member growth, members (in particular, significant trading members) not trading on our exchange or utilizing our new and additional services (including our data on thexchange, mobile on thexchange, DirectAxcessSM, PrivateExchangeSM, PeeringSolutionsSM, and Assured RoutingSM services); continued volatility in the volume and mix of trading activity (including the average call duration and the mix of geographic markets traded); our uncertain and long member enrollment cycle; the failure to manage our credit risk; failure to manage our growth; pricing pressure; competitive factors; system failures, human error and security breaches, which 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. Additional information concerning these factors is available in the Company’s 10-K and other filings with the Securities and Exchange Commission. Arbinet assumes no obligation to update any forward-looking statements contained in this press release in the event of changing circumstances or otherwise, and such statements are current only as of the date they are made.
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