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June 24, 2008
Cornelius B. Prior, Jr., Chairman of Atlantic Tele-Network, Inc. Elected Chairman of Caribbean-Central American Action
Atlantic Tele-Network, Inc. (NASDAQ: ATNI) announced today that Cornelius B. Prior, Jr., the Chairman of the Board of Directors, has been elected Chairman of Caribbean-Central American Action (CCAA) at its spring Board Meeting and Washington Briefing. CCAA is a non-governmental organization that promotes private sector-led economic development in the Caribbean Basin. Mr. Prior, a resident of the US Virgin Islands, is the founder and Chairman of the Board of Directors of Atlantic Tele-Network, a telecommunications holding company with subsidiaries in the Caribbean, Bermuda and the United States.
"I am delighted to assume the leadership of CCAA. This organization has done so much to promote trade and investment throughout the Caribbean and Central America. I look forward to furthering CCAA's goal of improving the economic well being of the people of the Caribbean Basin through the CCAA's "Transformation Agenda," Mr. Prior said. The CCAA's Transformation Agenda includes raising business, legal, labor and environmental standards across the region. Mr. Prior added, "CCAA's efforts to facilitate public policy change are critical to the development of region-wide uniform, and uniformly applied, commercial, legal, regulatory and supervisory structures that facilitate best business practices, quality education and the transparent application of the law."
Mr. Prior was a managing director and stockholder of Kidder, Peabody & Co. Inc., where he directed the Telecommunications Finance Group. A former Naval Officer and Fulbright Scholar, he started his career as an attorney with Sullivan & Cromwell in New York. He has served as Chairman of CANTO, the Caribbean Association of National Telecommunication Organizations and earned his legal degree from The Harvard Law School. Mr. Prior had served on the CCAA Executive Committee since 2004 as Treasurer.
Atlantic Tele-Network principal subsidiaries include Guyana Telephone and Telegraph Company, Ltd., the national telephone service provider for Guyana; Commnet Wireless, LLC which provides voice and data wireless roaming services for U.S. and international carriers; Bermuda Digital Communications Ltd., which, under the Cellular One name, is the largest provider of cellular voice and data services in Bermuda; Sovernet Communications, Inc., a wireline voice and data company servicing homes across Vermont; and, Choice Communications, LLC, which provides wireless television and wireless broadband services, as well as dial-up internet services in the United States Virgin Islands.
Caribbean Central American Action is a non-governmental organization that promotes private sector-led economic development in the Caribbean Basin. More information on the organization and the Annual Miami Conference can be found by visiting CCAA's website at www.c-caa.org.
