Welsh,Carson, Anderson relates Michael Bolton & Stowe michael bolton” “said i loved you but i lied indicates is a significant shareholder of Centennial. Formore information regarding Centennial, please visit our websites and HARBOR PROVISIONCautionary statement for purposes of the “safe harbor” provisions of thePrivate Securities Litigation Reform Act of 1995: Information in thisrelease that involves Centennial’s expectations, beliefs, hopes, plans,projections, estimates, intentions or strategies regarding the future areforward-looking statements. Such forward-looking statements are subject toa number of risks, assumptions and uncertainties that could cause theCompany’s actual results to differ materially from those projected in suchforward-looking statements. These risks, assumptions and uncertaintiesinclude, but are not limited to: the occurrence of any event, change orother circumstance that could give rise to the termination of the MergerAgreement with AT&T; the outcome of any legal proceeding that has been ormay be instituted against Centennial and others relating to the MergerAgreement with AT&T; the inability to complete the Merger due to thefailure to obtain stockholder approval or the failure to satisfy otherconditions to consummation of the Merger; the failure of the Merger toclose for any other reason; risks that the proposed transaction disruptscurrent plans and operations and the potential difficulties in employeeretention as a result of the Merger; business uncertainty and contractualrestrictions during the pendency of the Merger; the diversion ofmanagement’s attention from ongoing business concerns; the effect of theannouncement of the Merger on our customer and supplier relationships,operating results and business generally; the amount of the costs, fees,expenses and charges related to the Merger; the timing of the completionof the Merger or the impact of the Merger on our capital resources, cashrequirements, profitability, management resources and liquidity; risks anduncertainties relating to our business (including our ability to achievestrategic goals, objectives and targets over applicable periods), industryperformance and the regulatory environment; the effects of a recession inthe United States and general downturn in the economy, including theilliquidity in the debt/capital markets; the effects of vigorouscompetition in our markets, which may make it difficult for us to attractand retain customers and to grow our customer base and revenue and whichmay increase churn, which could reduce our revenue and increase our costs;the fact that many of our competitors are larger than we are, have greaterfinancial resources than we do, are less leveraged than we are, have moreextensive coverage areas than we do, and may offer less expensive and moretechnologically advanced products and services than we do; our ability togain access to the latest technology handsets in a timeframe and at a costsimilar to our competitors; our ability to acquire, and the cost ofacquiring, additional spectrum in our markets to support growth anddeployment of advanced technologies, including 3G and 4G services; ourability to successfully deploy and deliver wireless data services to ourcustomers, including next generation 3G and 4G technology; the effect ofchanges in the level of support provided to us by the Universal ServiceFund, or USF; our ability to grow our subscriber base at a reasonable costto acquire; our dependence on roaming agreements for a significant portionof our wireless revenue and the expected decline in roaming revenue overthe long term; our ability to successfully integrate any acquired marketsor businesses; the effects of higher than anticipated handset subsidycosts; our dependence on roaming agreements for our ability to offer ourwireless customers competitively priced regional and nationwide rate plansthat include areas for which we do not own wireless licenses; the effectsof adding new subscribers with lower credit ratings; our substantial debtobligations, including restrictive covenants, which place limitations onhow we conduct business; market prices for the products and services weoffer may decline in the future; changes and developments in technology,including our ability to upgrade our networks to remain competitive andour ability to anticipate and react to frequent and significanttechnological changes which may render certain technologies used by usobsolete; the effects of a decline in the market for our Code DivisionMultiple Access (“CDMA”) -based technology; the effects of consolidationin the telecommunications industry; general economic, business, politicaland social conditions in the areas in which we operate, including theeffects of downturns in the economy, world events, terrorism, hurricanes,tornadoes, wind storms and other natural disasters; our ability togenerate cash and the availability and cost of additional capital to fundour operations and our significant planned capital expenditures; our needto refinance or amend existing indebtedness prior to its stated maturity;the effects of governmental regulation of the telecommunicationsindustry; our ability to attract and retain qualified personnel; theeffects of network disruptions and system failures; our ability tomanage, implement and monitor billing and operational support systems;the results of litigation filed or which may be filed against us or ourvendors, including litigation relating to wireless billing, usingwireless telephones while operating an automobile and litigation relatingto infringement of patents; the effects of scientific reports that maydemonstrate possible health effects of radio frequency transmission fromuse of wireless telephones; the influence on us by our significantstockholder and anti-takeover provisions and other risks referenced fromtime to time in the Company’s filings with the Securities and ExchangeCommission. All forward-looking statements included in this release arebased upon information available to Centennial as of the date of therelease, and we assume no obligation to update or revise any suchforward-looking statements.IMPORTANT INFORMATIONThis communication may be deemed to be solicitation material in respect ofthe proposed acquisition of Centennial by AT&T. In connection with theproposed acquisition, Centennial intends to file relevant materials withthe SEC, including Centennial’s definitive proxy statement on Schedule14A.INVESTORS OF CENTENNIAL ARE URGED TO READ ALL RELEVANT DOCUMENTS FILEDWITH THE SEC, INCLUDING CENTENNIAL’S PROXY STATEMENT, BECAUSE THEY WILLCONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.Investors and security holders will be able to obtain the documents freeof charge through the website maintained by the SEC at, andCentennial stockholders will receive information at an appropriate time onhow to obtain transaction-related documents for free from Centennial.Centennial and its directors and certain executive officers may be deemedto be participants in the solicitation of proxies from the holders ofCentennial common stock in respect of the proposed transaction.Information about the directors and executive officers of Centennial andtheir respective interests in Centennial by security holdings orotherwise is set forth in its preliminary proxy statement relating to thespecial meeting of stockholders at which stockholders will be asked toconsider and vote upon a proposal to adopt the Agreement and Plan ofMerger between Centennial and AT&T, which was filed with the SEC onDecember 15, 2008. Investors may obtain additional information regardingthe interest of the participants by reading the definitive proxystatement regarding the acquisition when it becomes available.CENTENNIAL COMMUNICATIONS CORP.FINANCIAL DATA AND OPERATING STATISTICSNovember 30, 2008 ($000’s, except per subscriber data) Three Months Ended Six Months Ended——————————————–Nov-08Nov-07Nov-08Nov-07—————————————-CONSOLIDATEDTotal Wireless Subscribers 1,091,600 1,068,300 1,091,600 1,068,300Net Gain – Total Subscribers 1,200 9,800(1,000) 18,700Revenue per Average Wireless Customer (1)$ 70$ 67$ 71$ 69Retail Penetration (4) 8.4%8.2%8.4%8.2%Prepaid & Postpaid Churn – Wireless (5)2.6%2.4%2.7%2.4%Monthly MOU’s per Wireless Customer1,340 1,326 1,348 1,316U.S.

WIRELESSPostpaid Wireless Subscribers 644,700 626,100 644,700 626,100Prepaid Wireless Subscribers16,40024,00016,40024,000—————————————-Total Wireless Subscribers 661,100 650,100 661,100 650,100Total Wireless Gross Adds 51,60049,500 100,60096,600Net Gain – Wireless Subscribers 1,300 3,800(4,200)7,000GSM as a % of Retail Subscribers 100.0% 95.2%100.0% 95.2%Revenue per Average Wireless Customer (1)$ 73$ 68$ 74$ 70Retail Revenue per Average Wireless Customer (2)$ 65$ 61$ 66$ 61Data Revenue per Average Wireless Customer (3)$ 7.47$ 4.68$ 7.04$ 4.48Retail Revenue$129,055$118,574$261,073$238,226Roaming Revenue $ 15,157$ 14,233$ 30,946$ 32,185Penetration – Wireless (4) 7.4%7.3%7.4%7.3%Postpaid Churn – Wireless (5)2.4%2.0%2.5%2.0%Prepaid & Postpaid Churn – Wireless (5)2.5%2.4%2.6%2.3%Monthly MOU’s per Wireless Customer1,084 1,051 1,095 1,046Cost to Acquire (6) $366$336$339$330Capital Expenditures$8,391$ 11,767$ 17,097$ 18,818PUERTO RICOPostpaid Wireless Subscribers 426,600 415,500 426,600 415,500Prepaid Wireless Subscribers 3,900 2,700 3,900 2,700—————————————-Total Wireless Subscribers 430,500 418,200 430,500 418,200Total Wireless Gross Adds 35,90037,90072,30072,900Net Gain- Wireless Subscribers(100)6,000 3,20011,700Revenue per Average Wireless Customer (1)$ 66$ 65$ 66$ 66Data Revenue per Average Wireless Customer (3)$ 9.45$ 6.37$ 8.94$ 6.26Penetration – Wireless (4)10.8% 10.4% 10.8% 10.4%Postpaid Churn – Wireless (5)2.7%2.6%2.6%2.4%Prepaid & Postpaid Churn – Wireless (5)2.8%2.6%2.7%2.5%Monthly MOU’s per Wireless Customer1,732 1,758 1,739 1,741Fiber Route Miles1,374 1,322 1,374 1,322Switched Access Lines 98,80085,90098,80085,900Dedicated Access Line Equivalents (7) 564,200 471,600 564,200 471,600On-Net Buildings 2,390 2,091 2,390 2,091Capital Expenditures – Wireless $ 11,826$9,285$ 18,556$ 16,758Capital Expenditures – Broadband$9,374$4,374$ 14,602$9,846—————————————-Capital Expenditures – Total Puerto Rico$ 21,200$ 13,659$ 33,158$ 26,604========================================REVENUESU.S michael bolton my secret passion . Wireless $144,212$132,807$292,019$270,411—————————————-Puerto Rico – Wireless$ 85,397$ 80,799$170,229$162,137Puerto Rico – Broadband $ 35,190$ 33,006$ 70,857$ 65,010Puerto Rico – Intercompany$ (2,907) $ (3,044) $ (6,000) $ (6,020)—————————————-Total Puerto Rico $117,680$110,761$235,086$221,127—————————————-Consolidated$261,892$243,568$527,105$491,538========================================ADJUSTED OPERATING INCOME (8)U.S michael boltom . Wireless $ 50,305$ 51,372$108,893$104,511—————————————-Puerto Rico – Wireless$ 23,512$ 27,195$ 46,464$ 55,888Puerto Rico – Broadband $ 18,156$ 17,416$ 37,909$ 35,621—————————————-Total Puerto Rico $ 41,668$ 44,611$ 84,373$ 91,509—————————————-Consolidated$ 91,973$ 95,983$193,266$196,020========================================NET DEBTTotal Debt Less Cash and Cash Equivalents $1,874,500$1,932,100$1,874,500$1,932,100(1)Revenue per Average Wireless Customer is determined for each period by dividing total monthly revenue per wireless subscriber including roaming revenue by the average customers for such period.(2)Retail Revenue per Average Wireless Customer is determined for each period by dividing retail revenue (total revenue excluding roaming revenue) by the average customers for such period.(3)Data Revenue per Average Wireless Customer is determined for each period by dividing data revenue by the average customers for such period.(4)The penetration rate equals the percentage of total population in our service areas who are subscribers to our wireless service as of period-end.(5)Churn is calculated by dividing the aggregate number of subscribers who cancel service during each month in a period by the total number of subscribers as of the beginning of the month.Churn is stated as the average monthly churn rate for the period.(6)Cost to Acquire a new customer is calculated by dividing the sum of the cost of phones and marketing expenses less the related equipment sales by the gross activations for the period.Cost to acquire excludes costs relating to phones used for customer retention.(7)November 2007 includes 96,800 dedicated access line equivalents related to repeatedly renewed short term contracts that had previously been excluded due to their term.(8)Adjusted operating income is defined as net income before loss from discontinued operations, minority interest in income of subsidiaries, income tax expense, interest expense, net, loss on disposition of assets, litigation settlement expense, transaction costs, stock-based compensation expense and depreciation and amortization CENTENNIAL COMMUNICATIONS CORP michael balton . AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except per share data) Three Months Ended Six Months Ended—————————————-November November November November 30,30,30,30,2008 2007 2008 2007————————————REVENUE: Service revenue$ 247,251$ 230,737$ 496,254$ 465,096 Equipment sales 14,641 12,831 30,851 26,442————————————261,892243,568527,105491,538————————————COSTS AND EXPENSES: Cost of services(exclusive ofdepreciation andamortization shown below)51,241 44,367101,917 90,941 Cost of equipment sold40,843 30,262 82,992 61,784 Sales and marketing 28,649 26,728 54,518 52,314 General and administrative54,856 52,559102,952 99,865 Depreciation andamortization 35,109 34,255 70,653 67,611 Loss on disposition ofassets 811,262 341,611————————————210,779189,433413,066374,126————————————OPERATING INCOME 51,113 54,135114,039117,412————————————INTEREST EXPENSE, NET (44,548) (47,809) (89,428) (96,393)————————————INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXEXPENSE, MINORITY INTEREST IN INCOME OF SUBSIDIARIES 6,5656,326 24,611 21,019INCOME TAX EXPENSE (2,691)(4,707) (12,747) (12,968)————————————INCOME FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST IN INCOME OF SUBSIDIARIES 3,8741,619 11,8648,051MINORITY INTEREST IN INCOME OF SUBSIDIARIES(130)(169)(297)(321)————————————INCOME FROM CONTINUING OPERATIONS 3,7441,450 11,5677,730Net loss from discontinued operations(451)(525)(788)(1,039)————————————NETINCOME $ 3,293$ 925$10,779$ 6,691====================================EARNINGS PER SHARE: BASIC EARNINGS PER SHARE FROMCONTINUING OPERATIONS $0.03$0.01$0.11$0.07 LOSS PER SHARE FROMDISCONTINUED OPERATIONS $ (0.00) $ (0.00) $ (0.01) $ (0.01)———————————— NETINCOME PER SHARE$0.03$0.01$0.10$0.06==================================== DILUTED EARNINGS PER SHARE FROMCONTINUING OPERATIONS $0.03$0.01$0.11$0.07 LOSS PER SHARE FROMDISCONTINUED OPERATIONS $ (0.00) $ (0.00) $ (0.01) $ (0.01)———————————— NETINCOME PER SHARE$0.03$0.01$0.10$0.06====================================WEIGHTED-AVERAGE SHARES OUTSTANDING DURING THE PERIOD: BASIC108,307107,556108,172107,526==================================== DILUTED109,900110,725110,050110,585====================================For investor and media inquiries please contact:Steve E michael bolten .

KunszaboExecutive Director, Investor Relations732-556-2220Copyright 2009, Market Wire, All rights reserved.-0- michael bolton cds . (Refiles to specify which U.S michael bolton” “when a man loves a woman . Court of Appeals in next-to-lastparagraph) Regulatory News  |  Funds News  |  ETFs News By Martha Graybow NEW YORK, Jan 8 (Reuters) – Attempts by Bernard Madoffclients to recover a portion of their savings lost in thealleged swindle could turn into a clash with the investorprotection group that is reviewing their claims, lawyers for theinvestors say michael bolton “timeless . The recovery process for investors is still in its earlystages, with applications for claims mailed to Madoff clientsonly a few days ago michael boltan .

But investors who have received the forms have startedrummaging through their files for proof of their accounts tosend to the nonprofit Securities Investor Protection Corp(SIPC) michael bolton all for love . Their lawyers say many people fear they have not keptsufficiently detailed records to get money back from the group micheal bolton . And with only $1.6 billion in its recovery fund plus anadditional $1 billion line of credit from the U.S michael bulton . TreasuryDepartment, it is clear that SIPC’s coffers will stretch only sofar michael bolton” “when . Madoff was charged last month with an alleged $50 billionfraud, accused of running a vast scheme that took money from newinvestors to pay old investors. He has not yet formallyresponded to the accusations in court. For its part, SIPC says it will pay valid claims, thoughthe maximum that can be paid to any individual is $500,000.

Madoff clients are “petrified,” said Brad Friedman, anattorney at law firm Milberg who represents or has been incontact with more than 100 investors who lost a combined $1.5billion or more in the alleged swindle . “There is a real concern on the part of the victims thatSIPC is going to act like most insurance companies and doeverything it can to frustrate and deny claims,” he said michael bolton” “said . CLAIMS UNDER REVIEW SIPC, set up by Congress to help investors with accounts atfailed brokerage firms, has said it must review an investor’spaperwork before determining if he or she has a valid claim Itsays it hopes to begin paying investors in a few months michael bolton” “when a man loves . “That’s when we hope that some of the simpler claims can beresolved,” SIPC President Stephen Harbeck told Reuters in aninterview on Wednesday The group is funded by broker-dealerswho are its members . Many investors, though, are expected to be ineligible forthe recoveries, because the group’s provisions do not apply topeople who invested indirectly through hedge funds or othervehicles that gave Madoff money to manage, lawyers say.