Asia Netcom Appoints Chief Financial Officer

HONG KONG, Feb. 3 /Xinhua-PRNewswire/ -- Asia Netcom today announced the appointment of Brett Lay as Chief Financial Officer for the company.

(Photo: http://www.prnasia.com/sa/200702050950.JPG )

"After an extensive search to fill this very mission critical position for Asia Netcom, we are pleased to have Brett on the team" said Bill Barney, Asia Netcom's Chief Executive Officer. "Brett's telecom experience, along with his extensive finance background, will be a major asset to the company, especially during this period of accelerated regional growth in our industry."

A 22-year veteran of the telecom industry, Brett is an experienced financial and operating executive in both startup and mature operating environments. Most recently, he served as an independent financial advisor specializing in asset valuations, capital structures, mergers and acquisitions.

From 1999 to 2003, Brett served as Chief Financial Officer of Pihana Pacific, which acquired properties in six Asia Pacific countries plus the United States for the construction and then operation of carrier neutral internet exchange facilities. While there he developed and executed the three-way merger of Pihana Pacific, i-STT and Equinix (EQIX).

Prior to Pihana Pacific, Brett was Chief Financial Officer and director of Asia Pacific at MediaOne Group, Inc., where he negotiated and executed the sale and financings of numerous companies and managed more than $1 billion in operations in seven Asia Pacific countries. From 1985-1999, Brett held several senior positions at US WEST/MediaOne Group Inc. including executive director international treasury, director corporate strategy, and director financial planning and analysis.

Brett has an M.S. in Finance and M.S. in Management from the University of Colorado.

About Asia Netcom

Winner of Frost & Sullivan's 'Data Communications Service Provider of the Year' award for 2005 and 2006, Asia Netcom operates an extensive telecommunications network infrastructure in the Asia Pacific region, including a privately-owned subsea cable system, EAC, as well as extensive terrestrial backhauls and telehouses in all key Asian markets. Leveraging these strategic assets, Asia Netcom provides a comprehensive portfolio of city-to-city connectivity, data communications and IP-based solutions and services to enterprise, ISP and carrier customers in the Asia Pacific region. The company is headquartered in Hong Kong with local offices in all major Asian markets, the US and Europe. For more information, please visit: http://www.asianetcom.com .

FOR MORE INFORMATION:

Contact:

Lorain Wong

Asia Netcom

Tel: +852-2121-2973

Email: lorain.wong@asianetcom.com