Arbinet Names Norris M. "Buddy" Hall III Senior Vice President, Network Operations and Development.Business & High Tech Editors NEW YORK--(BUSINESS WIRE)--March 21, 2000 Leading B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business telecom Exchange names communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. veteran to Senior Vice President, Network Operations and Development position as part of continuing senior management build out Arbinet Holdings, Inc. -- the world's leading exchange for trading and delivering telecommunications capacity -- announced today that Norris M. "Buddy" Hall, III has been named Senior Vice President, Network Operations and Development. Prior to joining Arbinet, Mr. Hall served as Senior Vice President of Network Operations at Talk.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TALK), a $516 million e-commerce telecommunications services company that conducts its marketing, billing and customer support functions on-line as the exclusive provider of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Long Distance (NYSE NYSE See: New York Stock Exchange : AOL). "We are very pleased to have Buddy join our team," stated Anthony L. Craig, Arbinet's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "He has spent the last twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. building and operating some of the largest international voice and data networks in the business, and has built his reputation on bringing projects in under budget and ahead of schedule. His experience and hands-on management style will ensure that our exchange members receive world-class execution and physical delivery of their trades. His experience spans the voice and data worlds and will provide Arbinet with the expertise to execute our members' on-line trades on any type of network infrastructure." At Talk.com, Mr. Hall was responsible for managing the operations division. In this capacity, he implemented the infrastructure that enabled Talk.com's international wholesale business to achieve a $60 million annual run-rate in just four months. Prior to joining start-up Talk.com, Mr. Hall was the Vice President, Network Operations for Cable and Wireless USA, and was responsible for the overall operation of C&W USA's switched and data networks. Previously in his 13-year career with Cable and Wireless, Mr. Hall managed a series of mission critical operations including deployment and management of their worldwide IP network, and creating C&W PLC's Network Access Points (NAPS) for Internet peering and customer connectivity. Commenting on his new position, Mr. Hall responded, "I am tremendously excited to be joining the operations team at Arbinet. We are literally transforming our industry. By creating a dynamic feedback loop between an on-line trading floor and a carrier grade physical switching and delivery network we have created the next generation of telecommunications technology. This technology brings unprecedented efficiencies to the industry by allowing traffic to seamlessly flow across carriers' networks, following the dictates of the market. By leveraging this technology, our members will be able to make significant cuts in their SG&A and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . It's a win-win situation." About Arbinet Founded in 1996, Arbinet has created the only Internet-based business-to-business trading exchange through which telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. can buy, sell and deliver to each other network capacity. This is expressed in minutes of available calling time for international and domestic long-distance voice and fax calls. Arbinet-TheXchange is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously. This is accomplished automatically through Arbinet's multi-port switch using proprietary software and a set of processes that the company has patented. Arbinet handles all invoicing, collection and payment for trades effected on its exchange and provides continuous monitoring and on-line rating of the service quality of each seller's network. 33 Whitehall Street, 19th floor, The Broad Financial Center - New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004-2112 phone, 212 797 9060, fax, 212 797 9083, web site, www.arbinet.com |
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