SINGAPORE, Dec. 8 /Xinhua-PRNewswire-FirstCall/ -- Pacific Internet
Limited (Nasdaq: PCNTF), Asia Pacific's largest telco-independent Internet
Communications Service Provider by geographic reach, announced that the
Infocomm Development Authority of Singapore ("IDA") has, on December 7, 2006
approved the appointment of Mr. Steven Barry Simpson to its Board of
Directors ("Board"). Mr. Simpson was nominated by Connect Holdings Limited
to be appointed to the Board, and the ordinary resolution for his
appointment was carried at the Extraordinary General Meeting held on
November 7, 2006 subject to IDA's approval. Mr. Simpson's appointment takes
effect from the date of IDA's approval.
Mr. Simpson is the Principal of Triton Advisory Group, a mergers and
acquisitions, fixed income trading, asset management and corporate advisory
group located in Singapore. He has over 20 years of hands-on experience in
the Asia Pacific region. In this capacity, he has successfully acted as an
advisor on many private and public sector transactions including
privatizations, mergers, acquisitions and debt and equity capital market
activities.
Mr. Simpson has successfully led several financial advisory roles for
Initial Public Offering launches for both State and private sector clients
and has also been active in advisory roles in debt capital markets, both
domestic and international bond and banking debt instrument issues. He has
also undertaken a variety of activities on behalf of international agencies
and governments throughout the world for the establishment of regulatory
codes, sectoral reforms, specific sector legislature and privatization
activities.
Previously, Mr. Simpson was a Managing Partner of Price Waterhouse
Consulting in Indonesia and Australia with extensive experience in the areas
of corporate restructuring, business workouts and corporate strategic
planning. He was also the Partner in Charge of manufacturing sector
consulting for the Australian and Asian practices and a member of the firm's
Resources sector specialty team. He is a member of the board of directors
of several public and private sector companies and is a certified public
accountant, a Chartered Secretary and a member of the Institute of Chartered
Directors. He is a Commerce graduate from the University of New South Wales.
Editors' Notes
About Pacific Internet Limited
Pacific Internet Limited or PacNet (Nasdaq: PCNTF) is the largest
telco-independent Internet Communications Service Provider by geographic
reach in the Asia Pacific region. The company has direct presence in
Singapore, Hong Kong, the Philippines, Australia, India, Thailand and
Malaysia. PacNet delivers a comprehensive suite of Internet data and voice
services to corporate business and consumer customers. For more
information, visit www.pacnet.com .
Cautionary Statement
Statements made in this press release with respect to Pacific Internet's
current plans, estimates, strategies and beliefs and other statements that
are not historical facts are forward-looking statements about the future
performance of Pacific Internet. Forward-looking statements include but are
not limited to those using words such as "seek", "expect", "anticipate",
"estimate", "believe", "intend", "project", "plan", "strategy", "forecast"
and similar expressions or future or conditional verbs such
as "will, "would", "should", "could", "may" and "might". These statements
reflect management's current expectations, beliefs, hopes, intentions or
strategies regarding the future and assumptions in light of currently
available information. They are subject to a number of risks and
uncertainties, including but not limited to (i) changes in the economic,
regulatory and political environments in the countries where Pacific
Internet operates; (ii) changes and developments in technology and the
Internet marketplace; (iii) Pacific Internet's continued ability to develop
and win acceptance of its products and services, which are offered in highly
competitive markets; (iv) the success of its joint ventures and alliances;
(v) exchange rates, particularly between the Singapore dollar and the U.S.
dollar and other currencies in which Pacific Internet makes significant
sales or in which its assets and liabilities are denominated; and (vi) the
outcome of contingencies. In light of the many risks and uncertainties
surrounding the Internet marketplace, the actual results could differ
materially from those discussed in the forward-looking statements. Pacific
Internet assumes no obligation to update any such statements.
Media & Analyst Contacts
Investor & Analyst
Mervin Wang
Pacific Internet Limited
Direct: +65-6771-0780
Mobile: +65-9798-6077
Email: mervin.wang@pacific.net.sg
Media
Bernard Ho
Pacific Internet Limited
Direct: +65-6771 0433
Mobile: +65-9782-3393
Email: bernard.ho@pacific.net.sg