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

FOR IMMEDIATE RELEASE

NEW YORK – August 2, 2000 – Arbinet-thexchange, the full service trading solution for buyers and sellers of telephony bandwidth, today announced that it has launched a groundbreaking, online trading engine that fully-automates the flow of traded communications capacity between members’ networks, based on their specific trading parameters. Breakaway Solutions, Inc. [Nasdaq: BWAY], is a leading Full Service Provider (FSP) of e-business solutions to growing enterprises. Through its FSP model, Breakaway Solutions worked on the technical strategy, and implementation of the trading platform, and is hosting the web site and its mission-critical applications..

This platform is comprised of three main components:

• An intuitive, comprehensive trading-screen style user interface





• An order processing system that dynamically matches trades based on rate, price and quality of service parameters-answer seizure ratio (ASR), post dial delay (PDD), and voice quality of service (VQoS)-to execute a buyer’s orders with the seller that offers the lowest rate below a specified price ceiling and that also satisfies the buyer’s specified route and quality parameters





• A route plan generation and management system that interfaces with thexchange’s scalable Nortel DMS-GSP switching platform to dynamically deliver the traded capacity on demand

The trade implementation platform is integrated with thexchange’s back office trade reconciliation, settlement and billing packages. This new platform scales to support the integration of multi-node trading functionality as additional international facilities are brought on line.

“Breakaway Solutions has done a fantastic job of rapidly developing this state-of-the art trading engine,” said Anthony L. Craig, Arbinet-thexchange chairman and CEO. “It automatically links a smart web interface that’s easy for our members to navigate with our central switch for fast, reliable trade execution. Our solution automates our members’ end-to-end telephony bandwidth trading process, creating the opportunity to generate incremental revenues, and lowering costs, risk and transaction times.”

“We were very excited to work on the strategy, implementation, and hosting of this cutting edge application. At over 65,000 lines of html code, this is one the most complex and advanced e-commerce applications in operation today,” said John Loftus, vice president of e-solutions for Breakaway Solutions. “Arbinet-thexchange is the first solution that utilizes the efficiency of online exchange commerce to actually control the flow of a digital commodity around the globe. This full-service solution generates enormous efficiencies over current practices, and is to my mind the best example yet of the enormous potential for e-commerce to transform the efficiency of a core process for an entire industry.”

Breakaway Solutions

Breakaway Solutions, Inc. (NASDAQ: BWAY), is a leading Full Service Provider (FSP) of e-business solutions that allow growing enterprises to capitalize on the power of the Internet. Breakaway Solutions offers strategy, e-business implementation, and application hosting solutions optimized for growing enterprise clients. Headquartered in Boston, Mass., Breakaway Solutions has a network of regional offices and Internet Solutions Centers in major cities across the U.S. and in Europe, as well as 11 Application Hosting facilities in North America, Europe, Asia and Australia. Breakaway Solutions can be reached at 617/960-3400 or at www.breakaway.com.

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. 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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