Asia Global Crossing Names New Directors

Apr 16, 2001, 01:00 ET from Asia Global Crossing Ltd.

    HAMILTON, Bermuda, April 16 /PRNewswire/ -- Asia Global Crossing Ltd.
 today announced the addition of three new members to its Board of Directors:
 William S. Cohen, former U.S. Secretary of Defense; Maria Elena Lagomasino,
 Co-Head of the JP Morgan Private Bank; and Mark Attanasio, Group Managing
 Director of Trust Company of the West.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20001004/ASIALOGO )
     The Honorable William S. Cohen has been Chairman of the Board and Chief
 Executive Officer of The Cohen Group, a strategic business consulting firm,
 since January, 2001.  Additionally, he is a co-director at Empower America, a
 prominent public policy advocacy group, as well as Chairman of the William S.
 Cohen Center for International Policy and Commerce at the University of Maine.
 From January 1997 through January 2001, he was Secretary of Defense in the
 Clinton Administration.  Prior thereto, he was a three-term United States
 Senator after having served three terms in the U.S. House of Representatives.
 He authored or co-authored nine books during his Congressional career.  He
 also serves on the Board of Directors of Cendant Corporation and Global
 Crossing Ltd.
     As co-head of the JP Morgan Private Bank, Maria Elena Lagomasino oversees
 one of the largest providers of wealth management services worldwide.  Ms.
 Lagomasino joined The Chase Manhattan Bank in 1983 and was appointed Global
 Private Bank Executive in November 1997.  Ms. Lagomasino also serves on the
 boards of directors of Philips-Van Heusen Corporation, Avon Products, Inc.,
 and Global Crossing Ltd., and is on the board of trustees of the Synergos
 Institute.  Ms. Lagomasino is a member of The Committee of 200.  She was
 inducted into the Academy of Women Achievers, Class of 1992, by the YWCA/NYC.
     Mark Attanasio has been a Group Managing Director of Trust Company of the
 West, an independent trust company, since 1995.  He is a member of the TCW
 Group, Inc.'s Board of Directors and oversees the firm's investment management
 activities in below-investment-grade securities and special situations.  Mr.
 Attanasio is also a director of TCW Asset Management Company, and is a member
 of the board of trustees of the Brown University Third Century Fund, which
 invests a portion of the University's endowment.  He also serves as a director
 of Global Crossing Ltd.
     Gary Winnick, Chairman of Asia Global Crossing Ltd., stated:  "We are
 delighted to welcome Secretary Cohen, Maria Elena Lagomasino and Mark
 Attanasio to Asia Global Crossing's Board of Directors.  These three
 outstanding individuals, with their diverse public service and business
 experience, will help advance Asia Global Crossing as it continues to develop
 as the premiere pan-Asia, pan-world network infrastructure and services
 provider for the Asia Pacific region."
 
     About Asia Global Crossing
     Asia Global Crossing (Nasdaq:   AGCX), a public company whose largest
 shareholders include Global Crossing (NYSE:   GX), Softbank
 (Tokyo Stock Exchange: 9984), and Microsoft (Nasdaq:   MSFT), provides the Asia
 Pacific region with a full range of integrated telecommunications and IP
 services.  Through a combination of undersea cables, terrestrial networks,
 city fiber rings and complex web hosting data centers, Asia Global Crossing is
 building one of the first truly pan-Asian networks, which, in combination with
 the worldwide Global Crossing Network, will provide the Asia Pacific region
 with seamless access to major business centers worldwide.  As part of its
 strategy to provide city-to-city connectivity, Asia Global Crossing partners
 with leading companies in each country it connects to provide backhaul
 networks.
 
     Statements made in this press release that state the Company's or
 management's intentions, beliefs, expectations, or predictions for the future
 are forward-looking statements.  Such forward-looking statements are subject
 to a number of risks, assumptions and uncertainties that could cause the
 Company's actual results to differ materially from those projected in such
 forward-looking statements.  These risks, assumptions and uncertainties
 include:  the ability to complete systems within currently estimated time
 frames and budgets; the ability to compete effectively in a rapidly evolving
 and price competitive marketplace; changes in the nature of telecommunications
 regulation in the United States, Asia, and other countries and regions;
 changes in business strategy; the successful integration of newly-acquired
 businesses; the impact of technological change; and other risks referenced
 from time to time in the Company's filings with the Securities and Exchange
 Commission.  One is cautioned not to put undue reliance on such
 forward-looking statements, which speak only as of the date of this press
 release.  Asia Global Crossing expressly disclaims any obligation to update or
 alter any forward-looking statements, whether as a result of new information,
 future events or otherwise.
 
     FOR FURTHER INFORMATION
 
     ASIA GLOBAL CROSSING
     Investor contact: Jensen Chow (Los Angeles CA), +1 310 385 5283,
 jensen.chow@asiaglobalcrossing.com.
     Press contact: Madelyn Smith (Los Angeles CA), +1 310 385 3816,
 madelyn.smith@asiaglobalcrossing.com.
     General information: www.asiaglobalcrossing.com.
 
     To be added/removed from Asia Global Crossing's e-mail distribution,
 please visit:
 http://www.asiaglobalcrossing.com/investors/e_mail_distribution/index.htm
 
     To be added/removed from Asia Global Crossing's fax distribution, please
 call +1 213 244 9031 or email agcxinvest@globalcrossing.com
 
 

SOURCE Asia Global Crossing Ltd.
    HAMILTON, Bermuda, April 16 /PRNewswire/ -- Asia Global Crossing Ltd.
 today announced the addition of three new members to its Board of Directors:
 William S. Cohen, former U.S. Secretary of Defense; Maria Elena Lagomasino,
 Co-Head of the JP Morgan Private Bank; and Mark Attanasio, Group Managing
 Director of Trust Company of the West.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20001004/ASIALOGO )
     The Honorable William S. Cohen has been Chairman of the Board and Chief
 Executive Officer of The Cohen Group, a strategic business consulting firm,
 since January, 2001.  Additionally, he is a co-director at Empower America, a
 prominent public policy advocacy group, as well as Chairman of the William S.
 Cohen Center for International Policy and Commerce at the University of Maine.
 From January 1997 through January 2001, he was Secretary of Defense in the
 Clinton Administration.  Prior thereto, he was a three-term United States
 Senator after having served three terms in the U.S. House of Representatives.
 He authored or co-authored nine books during his Congressional career.  He
 also serves on the Board of Directors of Cendant Corporation and Global
 Crossing Ltd.
     As co-head of the JP Morgan Private Bank, Maria Elena Lagomasino oversees
 one of the largest providers of wealth management services worldwide.  Ms.
 Lagomasino joined The Chase Manhattan Bank in 1983 and was appointed Global
 Private Bank Executive in November 1997.  Ms. Lagomasino also serves on the
 boards of directors of Philips-Van Heusen Corporation, Avon Products, Inc.,
 and Global Crossing Ltd., and is on the board of trustees of the Synergos
 Institute.  Ms. Lagomasino is a member of The Committee of 200.  She was
 inducted into the Academy of Women Achievers, Class of 1992, by the YWCA/NYC.
     Mark Attanasio has been a Group Managing Director of Trust Company of the
 West, an independent trust company, since 1995.  He is a member of the TCW
 Group, Inc.'s Board of Directors and oversees the firm's investment management
 activities in below-investment-grade securities and special situations.  Mr.
 Attanasio is also a director of TCW Asset Management Company, and is a member
 of the board of trustees of the Brown University Third Century Fund, which
 invests a portion of the University's endowment.  He also serves as a director
 of Global Crossing Ltd.
     Gary Winnick, Chairman of Asia Global Crossing Ltd., stated:  "We are
 delighted to welcome Secretary Cohen, Maria Elena Lagomasino and Mark
 Attanasio to Asia Global Crossing's Board of Directors.  These three
 outstanding individuals, with their diverse public service and business
 experience, will help advance Asia Global Crossing as it continues to develop
 as the premiere pan-Asia, pan-world network infrastructure and services
 provider for the Asia Pacific region."
 
     About Asia Global Crossing
     Asia Global Crossing (Nasdaq:   AGCX), a public company whose largest
 shareholders include Global Crossing (NYSE:   GX), Softbank
 (Tokyo Stock Exchange: 9984), and Microsoft (Nasdaq:   MSFT), provides the Asia
 Pacific region with a full range of integrated telecommunications and IP
 services.  Through a combination of undersea cables, terrestrial networks,
 city fiber rings and complex web hosting data centers, Asia Global Crossing is
 building one of the first truly pan-Asian networks, which, in combination with
 the worldwide Global Crossing Network, will provide the Asia Pacific region
 with seamless access to major business centers worldwide.  As part of its
 strategy to provide city-to-city connectivity, Asia Global Crossing partners
 with leading companies in each country it connects to provide backhaul
 networks.
 
     Statements made in this press release that state the Company's or
 management's intentions, beliefs, expectations, or predictions for the future
 are forward-looking statements.  Such forward-looking statements are subject
 to a number of risks, assumptions and uncertainties that could cause the
 Company's actual results to differ materially from those projected in such
 forward-looking statements.  These risks, assumptions and uncertainties
 include:  the ability to complete systems within currently estimated time
 frames and budgets; the ability to compete effectively in a rapidly evolving
 and price competitive marketplace; changes in the nature of telecommunications
 regulation in the United States, Asia, and other countries and regions;
 changes in business strategy; the successful integration of newly-acquired
 businesses; the impact of technological change; and other risks referenced
 from time to time in the Company's filings with the Securities and Exchange
 Commission.  One is cautioned not to put undue reliance on such
 forward-looking statements, which speak only as of the date of this press
 release.  Asia Global Crossing expressly disclaims any obligation to update or
 alter any forward-looking statements, whether as a result of new information,
 future events or otherwise.
 
     FOR FURTHER INFORMATION
 
     ASIA GLOBAL CROSSING
     Investor contact: Jensen Chow (Los Angeles CA), +1 310 385 5283,
 jensen.chow@asiaglobalcrossing.com.
     Press contact: Madelyn Smith (Los Angeles CA), +1 310 385 3816,
 madelyn.smith@asiaglobalcrossing.com.
     General information: www.asiaglobalcrossing.com.
 
     To be added/removed from Asia Global Crossing's e-mail distribution,
 please visit:
 http://www.asiaglobalcrossing.com/investors/e_mail_distribution/index.htm
 
     To be added/removed from Asia Global Crossing's fax distribution, please
 call +1 213 244 9031 or email agcxinvest@globalcrossing.com
 
 SOURCE  Asia Global Crossing Ltd.