EL SEGUNDO, Calif. -- Known for its unparalleled global performance and client service initiatives, Infonet Services Corporation (NYSE: IN), a leading provider of global communications services for multinationals, has been selected as service provider of choice by a growing percentage of the world's leading financial institutions. These contractual commitments are a result of Infonet's alliance within the Society of Worldwide Interbank Financial Telecommunications' (SWIFT) SWIFTNet migration program, which the company has been participating in since January.

SWIFT is the industry-owned cooperative that supplies secure messaging services to 7,500 financial institutions in nearly 200 countries.

Crediting Infonet's financial stability, award-winning client service and performance initiatives and strategic global reach, company officials have confirmed more than 150 contractual orders have been given to Infonet to date by SWIFT member banks from 15 different countries. In addition, many orders are expected soon to be received from an additional 14 countries.

"SWIFT is pleased to be able to offer Infonet's IP services to our member financial organizations," said Didier Verstichel, Director of Worldwide Networks, SWIFT. "Our customers require a flawless migration to SWIFTNet and Infonet is delivering on its strengths to meet this requirement for SWIFT members.

Infonet is working with SWIFT partners and customers in over 70 countries worldwide and orders have been specifically received to date from Luxembourg, Hong Kong, Finland, Japan, Belgium, Switzerland, Liechtenstein, UK, Netherlands, Spain, Australia, Portugal, Philippines, Singapore, and Germany.

"Access to and effective use of SWIFT and SWIFTNet is of the utmost, mission-critical importance for the world's leading financial organizations," said David Neal, Vice President at Infonet Services Corporation. "We are proud that so many leading institutions are recognizing our expertise in providing and managing IP access to SWIFTNet.

Earlier this year, Infonet announced that it will offer standardized connectivity to the SWIFT backbone network that underpins SWIFTNet, its IP-based messaging platform. With a broad global footprint, underscored by local market expertise and excellent customer service, Infonet is advantageously structured, equipped and able to offer SWIFT clients unparalleled data network services support.

SWIFT provides messaging services to banks, brokers/dealers and investment managers, helping customers reduce costs, improve automation and better manage risk. Last year, the SWIFT network carried more than 1.5 billion payment messages between its end-user clients.

Infonet Services Corp.