The Archipelago Exchange(SM) (ArcaEx(R)) Announces Exclusive Listing Of Pegasus Communications Corporation

The Archipelago Exchange(SM) (ArcaEx(R)), the nation's first totally open, all-electronic stock exchange, today announced that Pegasus Communications Corporation, a provider of wireless Internet access to residential and enterprise customers, has listed exclusively its Class A common stock on ArcaEx. Pegasus Communications' Class A common stock has previously traded under the trading symbol "PGTV.PK" and will begin trading today on ArcaEx under the three character ticker symbol "XAN."

"We are pleased to welcome Pegasus Communications to our steadily-growing roster of ArcaEx-listed companies," said Sam Long, Managing Director of ArcaEx's Corporate Client Group. "We look forward to serving as a fair and transparent marketplace for the company and its shareholders."

"We are excited to list on an exchange that focuses on providing investors with access to a fair and efficient marketplace," said Marshall (Mark) Pagon, Chairman, CEO and President of Pegasus Communications. "Listing on ArcaEx offers Pegasus the opportunity to increase our awareness in the investor community."

In addition to providing the advantages of electronic trading, ArcaEx enables NYSE-, Amex- and Nasdaq-listed companies and their investors to reap the benefits of ArcaEx's investor focused market structure. ArcaEx operates as an all-electronic auction market, with an open limit order book matching buyers and sellers directly based on simple price and time priority, leveling the playing field for all market participants.

Currently over 230 companies are listed on ArcaEx. In addition to its own listings, the exchange trades all NYSE, Nasdaq, and Amex listed stocks.