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


Arbinet-thexchange Names J. Curt Hockemeier
Chief Executive Officer;
Anthony L. Craig, Executive Chairman

NEW YORK – August 23, 2000 – Arbinet-thexchange, the full-service trading solution for buyers and sellers of telephony bandwidth, today announced that J. Curt Hockemeier has been appointed President and Chief Executive Officer with overall responsibility for the company’s activities. Mr. Hockemeier has served as President and COO of Arbinet-thexchange since joining the company in April of this year. Anthony L. Craig, Arbinet-thexchange Chairman of the Board, assumes the title of Executive Chairman, which reflects his ongoing management oversight of the company’s strategic direction in this rapidly emerging sector.

“The anticipated promotion of Curt Hockemeier reflects the rapid manner in which he has assumed the leadership role,” stated Anthony L. Craig, Arbinet-thexchange Executive Chairman. “Our membership, and thexchange are developing very rapidly and this move reflects the board’s confidence in Curt, and frees me up to concentrate on our growth strategy and partnerships.”

Prior to joining Arbinet, Mr. Hockemeier was executive vice president and chief operating officer, Telephony Operations, AT&T; Broadband (NYSE: T), where he was responsible for the rollout of telephony service over AT&T;’s broadband cable network. Mr. Hockemeier joined AT&T; with the acquisition of Teleport Communications Group (TCG), where he managed the company’s partnerships and network deployment in new markets. Mr. Craig is a 30-year technology industry veteran and has held senior executive positions at Digital, Oracle, Prime Computer, GE and IBM.

“I joined Arbinet-thexchange because the company offers the only full-service bandwidth trading solution in the market,” stated Curt Hockemeier, Arbinet-thexchange Chief Executive Officer and President. “Because we dynamically integrate trading, delivery and settlement, we deliver the best economic value proposition to our Members. In the three and a half months since I joined thexchange, we have doubled our active membership to over 60. We are at the forefront of changes that I expect will provide massive efficiency gains in the communications industry.”

About Arbinet-thexchange

Arbinet-thexchange is the full-service, online exchange for on-demand transactions, automated physical delivery and settlement of trades of telephony bandwidth. Thexchange is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously. Automated delivery is accomplished by employing advanced trading software and a set of patented processes to link the web-based trading platform with carrier-grade telecommunications switching equipment. Arbinet-thexchange handles all invoicing, collection and payment for trades effected on its exchange and provides continuous monitoring and online rating of the service quality of each seller’ s network.

Arbinet-thexchange estimates the total global market for telephony bandwidth measured in minutes at $706 Billion in 2000. This market is characterized by both falling prices and a high level of SG&A; expense, which at 25% of revenues is 9% higher than the U.S. corporate average. Use of Arbinet-thexchange’s full-service, automated trading solution helps members cut costs and maintain profitability by providing the opportunity to generate incremental revenues, as well as lowering the cost, risk and transaction time of required to complete transactions for telephony bandwidth. For more information, visit Arbinet-thexchange at

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

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