Shalov Stone & Bonner LLP and Sarraf Gentile LLP File New Securities Class Action against Arbinet-thexchange, Inc

Business Wire, Sept 14, 2005

NEW YORK -- On September 9, 2005, Shalov Stone & Bonner LLP and Sarraf Gentile LLP filed a securities class action lawsuit against Arbinet-thexchange Inc. (NASDAQ: ARBX) on behalf of purchasers of the company's common stock issued in its initial public offering. The complaint names as defendants the company and certain of its underwriters and directors. The lawsuit alleges, among other things, that the company made material misstatements or omissions in its registration statement for its initial public offering, filed with the Securities and Exchange Commission on December 16, 2004. The lawsuit is pending in the United States District Court for the District of New Jersey.

If you acquired shares of Arbinet-thexchange Inc. in connection with its initial public offering and would like to join the lawsuit at this time, you are encouraged to contact either Shalov Stone & Bonner LLP or Sarraf Gentile LLP, both of which have extensive experience in the prosecution of class actions on behalf of investors. For more information about the firms, please visit their websites at: www.lawssb.com and www.sarrafgentile.com

For additional information about the lawsuit, please contact Thomas G. Ciarlone, Jr., at Shalov Stone & Bonner LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; e-mail: tciarlone@lawssb.com), or Joseph Gentile, at Sarraf Gentile LLP, 485 Seventh Avenue, Suite 1005, New York, New York 10018 (telephone: (212) 868-3610; e-mail: joseph@sarrafgentile.com).