SOURCE: Arbinet Corporation

Arbinet Corporation

February 23, 2010 07:31 ET

Pangaea Networks Extends Its Metro Ethernet Service to Arbinet at 75 Broad Street in New York

Arbinet's IP Exchange Provides Pangaea's Metro Ethernet Customers Access to Diverse, Carrier Neutral IP Network Solutions

NEW YORK, NY--(Marketwire - February 23, 2010) - Arbinet Corporation (NASDAQ: ARBX), a leading wholesale voice and data telecommunications service provider, and Pangaea Networks, a New York metro area provider of Ethernet local loop solutions, announce today the expansion of Pangaea's network into Arbinet's IP Exchange Point of Presence (PoP) at 75 Broad Street in the Financial District of Manhattan.

Arbinet's IP Solutions provide flexible Internet transit options through its exchange platform. With one connection or local loop, buyers gain access to multiple IP backbones requiring no minimum commitments and the option to choose suppliers based on measured quality metrics.

By combining Pangaea's Metro Ethernet solutions with Arbinet's IP services, Pangaea now offers the market high quality, flexible IP transit solutions bundled with its metro network offering. By interconnecting its network to Arbinet's IP Exchange, Pangaea's customers gain access to a variety of IP solutions including layer 2 access to major Internet backbones and Arbinet's patented OptimizedIP(SM) service, which offers the highest quality routing solution.

"Connecting our fiber backbone and Metro Ethernet platform to Arbinet's IP Exchange enables Pangaea to offer its customers access to a variety of quality Internet solutions," states Kevin Black, Vice President of Business Development at Pangaea Networks. "From small financial service firms requiring low latency and redundant IP bandwidth to large institutions running BGP, Pangaea's PANMetro™ Virtual GigE Ring offers a single point of connection with custom designed VLAN solutions and IP at a fraction of the cost of individual point to point connections."

"Pangaea's extension into Arbinet's IP Exchange enables its small to large enterprise customers to have access to quality IP transit solutions traditionally available only to customers co-located within large data centers such as carriers and ISPs," comments Ed d'Agostino, National Sales Director, IP Services for Arbinet. "Not only does Arbinet provide a redundant, high quality solution, but Pangaea's enterprise customers now need only one local loop to reach multiple IP providers. In addition, Arbinet's voice exchange customers that use TDM circuits, can easily access Arbinet's Voice Network through our IP Exchange or Pangaea's Ethernet solutions."

PANMetro™ Ethernet service enables nearly any end-customer the ability to leverage Ethernet technology to obtain dedicated local access. Pangaea Networks converts legacy network connections, such as TDM and SONET to Ethernet over an area, stretching from Connecticut to Southern New Jersey. The company provides Ethernet access to over 2,700 enterprise buildings and interconnectivity to nearly all of the New York metro area's datacenter and co-location facilities.

Additional Arbinet IP Exchange PoPs in New York include 60 Hudson Street, 25 Broadway and 470 Vanderbilt in Brooklyn. Arbinet IP Solutions are also available at Exchange PoPs in Asia and Europe.

About Pangaea:

Pangaea Networks is a pioneer in the deployment of Managed Ethernet services from the Enterprise market to select carrier hotels and data centers. Pangaea utilizes a combination of Ethernet Network to Network Interfaces (NNIs), leading edge Customer Premise Equipment (CPE) and proprietary dark fiber networks to rapidly provision Metro Ethernet transport solutions to both Carrier and Enterprise customers.

About Arbinet

Arbinet is a leading provider of international voice and IP solutions to carriers and service providers globally. With more than 1100 carriers connected to the Arbinet network, Arbinet combines global scale with sophisticated platform intelligence, call routing and industry leading credit management and settlement capabilities. Customers and suppliers include leading fixed line, mobile, wholesale and VoIP carriers as well as calling card, ISPs and content providers around the world who buy and sell voice and IP telecommunications capacity and content. For more information, please visit www.arbinet.com, call +1.917.320.2000 or email sales@arbinet.com.

Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements regarding anticipated future revenues, growth, capital expenditures, management's future expansion plans, expected product and service developments or enhancements, discussions of strategy, and future operating results. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "intends," "may," "will," "should," "confident," "work to," "seeks," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Various risks and uncertainties may cause Arbinet's actual results to differ materially from those express or implied in such forward-looking statements. Please refer to Part I, Item 1A of the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 16, 2009, and other filings that have been filed with the Securities and Exchange Commission for a description of the risks and uncertainties that Arbinet faces. Arbinet assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and such statements are current only as of the date they are made.

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