Ofer Gneezy, President & CEO of iBasis, Inc.,
Rings The NASDAQ Stock Market Closing Bell

Tuesday, July 11, 2006
at NASDAQ's MarketSite
in New York City.

iBasis, Inc.
[IBAS]

Ofer Gneezy, President & CEO of iBasis, Inc. (IBAS) presides over the closing bell to celebrate its listing on the NASDAQ.

Founded in 1996, iBasis (Nasdaq:IBAS) is one of the largest carriers of international phone calls in the world. Using its global voice-over-Internet-protocol (VoIP) infrastructure and the Internet, iBasis is an integral player in the growth of Internet calling services from emerging providers like Yahoo! and Skype. The company recently announced an agreement with the Dutch national carrier Royal KPN N.V. to combine KPN Global Carrier Services into iBasis. Upon completion of the transaction later this year, iBasis will be one of the five largest international wholesale carriers in the world, having grown its international voice traffic from zero to the size of AT&T's international traffic in just 10 years.

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 7/11/2006 Download Hi-Res Quality Photo of this NASDAQ Market Open - Pictured: Ofer Gneezy, President & CEO of iBasis, Inc., rings the Closing Bell These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.