omniture

PacNet Announces the Approval of Appointment of Steven Barry Simpson to Board of Directors

2006-12-08 19:17 1284

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

Source: Pacific Internet Limited
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