EXHIBIT 99
PACIFIC GATEWAY EXCHANGE ENGAGES THE ACCOUNTING FIRM OF
STONEFIELD JOSEPHSON, INC.
BURLINGAME, Calif., July 12-- Pacific Gateway Exchange, Inc. (Nasdaq:
PGEX) announced that it has engaged Stonefield Josephson as its independent
auditors. The audit team from Stonefield Josephson that will be working on
the Company's account has significant experience in auditing public companies
and in auditing high tech and communication companies.
The Company is very pleased to welcome Stonefield Josephson to the Pacific
Gateway Exchange team. The Company is very impressed with the credentials
and ability of this accounting firm and looks forward to working with them.
Stonefield Josephson replaces PricewaterhouseCoopers LLP, which declined to
stand for reelection as the Company's auditors.
About Pacific Gateway Exchange, Inc.
Pacific Gateway is a global facilities-based communications carrier
providing voice, bandwidth, data and Internet services to a wide array of
domestic and international carriers, ISPs, and retail customers.
Pacific Gateway, through its wholly-owned subsidiary, IECom, provides
voice, data access, and travel services to the ethnic small office/home
office and residential markets in the U.S. Onyx Networks, also a
wholly-owned subsidiary of Pacific Gateway, is a global provider of
localized IP network solutions, delivering high-performance Internet
connectivity, collocation and remote content solutions to Global Enterprise
Customers and Network Service Providers worldwide.
Onyx is able to substantially extend its global reach and connect major
metropolitan areas around the world by leveraging the 45 operating
agreements in 29 countries and ownership in 32 undersea fiber optic cable
systems of its parent company, Pacific Gateway Exchange. In addition, Onyx
has committed peering sessions totaling 274, spanning UK, U.S., and Japan.
Onyx presently has Internet exchange points in MAE East, MAEWest, Dallas,
PAIX, Pac Bell NAP, Equinix-SJC, Ameritech Advanced Data Services, LINX,
and JPIX and is in the process of entering the Amsterdam Internet Exchange.
In addition, Pacific Gateway's domestic network spans 12 major metropolitan
cities. The Company presently operates switching and international gateway
facilities in New York, Los Angeles, Dallas, the United Kingdom, Russia,
New Zealand, Japan, Australia and Germany.
Additional Pacific Gateway information is available at www.pgexch.com.
IECom information is available at www.go-iecom.com. Onyx Networks
information is available at www.onyx.net.
