Reston, Va., April 24, 2006 – Transaction Network Services, Inc. (NYSE: TNS), a leading network and data communications provider for transaction-oriented applications, has announced that Mark E. Foster, Esq. has been appointed by United States Secretary of Commerce Carlos Gutierrez and United States Trade Representative (USTR) Rob Portman to the Industry Trade Advisory Committee (ITAC) on Information and Communications Technologies, Services, and Electronic Commerce. ITAC, a unique public-private partnership, engages business leaders in formulating and implementing U.S. trade policy. Foster is counsel on international trade to TNS, Chairman and CEO John J. (Jack) McDonnell, Jr.
As a representative on ITAC, Foster provides policy advice and recommendations to the Secretary of Commerce and the USTR regarding elimination of international trade barriers, negotiating trade agreements between the U.S. and other countries and implementing existing trade agreements affecting the information and communications technologies sector. As part of his position, Foster is invited to attend World Trade Organization (WTO) talks to advise trade negotiators on matters of concern to this sector.
At Foster’s appointment, Secretary Gutierrez and USTR Portman said in a written statement, “Your industry expertise is critical in pursuing trade objectives that reflect the concerns and interests of the private sector. We look forward to working with you in developing and implementing trade policies that serve your industry and the national interest.”
TNS’ Jack McDonnell added, “We are very pleased to be able to work closely with Secretary of Commerce Gutierrez and USTR Portman in helping to develop and implement U.S. trade policy that serves the interests of TNS, our industry and our nation. Eliminating trade barriers and increasing commerce worldwide are goals that are important to the continued success of TNS. We are confident that we will be able to make a positive contribution to the efforts of the United States and our industry in this respect.”
Appointment to ITAC marks the second executive branch appointment received by Foster. During the Reagan Administration, he was appointed as Special Counsel to the U.S. Embassy in Tokyo, advising Commerce Secretary Malcolm Baldrige and other government officials on trade negotiations with Japan in the telecommunications, medical products and electronics sectors.
Foster practices law in California’s Silicon Valley and is affiliated with Bergeson LLP. Fluent in Japanese, Mr. Foster is a member of the American Law Institute, and is widely recognized as a leading international business and trade lawyer.
About Transaction Network Services, Inc.
Transaction Network Services (TNS) is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery across multiple vertical markets and trading communities.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS’ networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS’ network technologies have been deployed in the United States and internationally, and TNS’ networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS’ transaction solutions, please refer to www.tnsi.com.