Forward-Looking Statements
This document may contain forward-looking statements concerning
projections of revenues, income, earnings per share, capital expenditures,
dividends, capital structure, or other financial items, concerning plans and
objectives of management for future operations , concerning future economic
performance, or concerning any of the assumptions underlying or relating to
any of the foregoing.

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00 per share, resulting in
proceeds to the Company of approximately $64 .

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"

About Sunrise Broadband Group, Inc. The Company has selected
strategic cable television systems to upgrade and consolidate
infrastructure; resulting in increased bandwidth, improved customer
service, and improved reliability. In addition, the Company will be
applying its advertising and marketing skills, along with its acquired
patents and products, to offer a wide variety of products and services not
just to its cable subscribers but also to its new worldwide distribution
rights . For all of these
reasons, companies quoted in the Pink Sheets can be among the most risky
investments .

Central Pacific Financial Corp. Announces Issuance of Additional Shares to Cover Over-Allotments

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is the fourth largest financial
institution in Hawaii with approximately $4.

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(OTC: SBBD)
today announced that its two principal shareholders who are also the two
principal members of the Company 's management and who hold approximately
85% of SBBD's common stock, have agreed to convert their shares into
approximately 1. Most do not
meet the minimum listing requirements for trading on a national securities
exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Be aware that some broker-dealers are
required by SEC Rule 15c2-11 to have some information about the issuer.

About Central Pacific Financial Corp.

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With the
exception of a few foreign issuers , the companies quoted in the Pink Sheets
tend to be closely held, extremely small and/or thinly traded .

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Company information distributed through the Market Access Program is based
upon information that Standard & Poor's considers being reliable, but
neither Standard & Poor's nor its affiliates warrant its completeness or
accuracy, and it should not be relied upon as such. Inc.

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SAFE HARBOR STATEMENT

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. acted as sole book-running manager in this
offering. Central
Pacific Bank, its primary subsidiary, operates 37 branches and more than
90 ATMs throughout Hawaii. For additional information, please visit our web
site at http://www.

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4 million Class A Preferred Shares. The Pink Sheets does not require companies whose securities are
quoted upon its systems to meet any listing requirements. Inc.
This press release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

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Ask
your broker-dealer whether it has any Rule 15c2-11 information before you
invest., 383 Madison
Avenue, New York, NY 10179. For further information on factors which
could cause actual results to materially differ from projections , please see
the company's publicly available Securities and Exchange Commission filings,
including the company's Registration Statement on Form S-3 and the company's
Form 10-K for the last fiscal year. The company does not update any of its
forward-looking statements.

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Sunrise Broadband Group, Inc. This was done in order
to lower the number of the Company's issued and outstanding common shares.

Headquartered in Broomfield, Colorado, Sunrise Broadband Group, Inc. Forward-looking
statements, which are based on certain assumptions and describe future
plans, strategies, and expectations, are generally identifiable by the use
of words such as "believe," "expect," "intend ," "anticipate," "estimate,"
"project," or similar expressions.

3 million, net of estimated
expenses. Sandler O'Neill + Partners, L.

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We hope and expect that the
investment community acknowledges management's commitment to the Company's
long-term prospects by taking this action.

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Central Pacific Financial Corp.

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A registration
statement relating to these securities has been filed with and has been
declared effective by the Securities and Exchange Commission. While we believe that our forward-looking
statements and the assumptions underlying them are reasonably based, such
statements and assumptions, are by their nature subject to risks and
uncertainties, and thus could later prove to be inaccurate or incorrect.

Sites dealing with issues brought about by secessionism and States' Rights , both past and present, and how these issuse relate to the South today.

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Forward-looking statements can be identified by the
fact that they do not relate strictly to historical or current facts, and may
include the words "believes", "plans", "intends", "expects", "anticipates" or
words of similar meaning.

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Calvin D.
Many of these companies do not file periodic reports or audited financial
statements with the SEC, making it very difficult for investors to find
reliable, unbiased information about those companies. That's why you should take extra care to any company quoted
exclusively in the Pink Sheets.

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The Preferred Shares will have voting rights, no dividend rights and are
convertible into exactly the same number of common shares originally owned
on the earlier of either a change in control (including any merger) or two
years from the issuance date of the Preferred Shares. Smiley , President and CEO of SBBD, stated, "This conversion to
preferred stock shows the support and confidence that management has in the
execution of the Company's business plan. The Company's actual results ,
performance, and achievements may differ materially from the results,
performance, and achievements expressed or implied in such forward-looking
statements. Including the over-allotment shares,
the offering totaled 2,012,500 shares at $34.
The common stock offering was made by means of a prospectus , copies of
which may be obtained by contacting Bear, Stearns + Co.

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This material is not
intended as an offer or solicitation for the purchase or sale of any
security or other financial instrument . and RBC Capital Markets acted as
co-managers.

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PRESS RELEASE Sunrise Broadband Group Converts Common to Preferred

is a
company focused on delivering broadband solutions to rural communities
through strategic acquisitions and mergers.centralpacificbank.

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Bear, Stearns + Co.

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HONOLULU, Central Pacific Financial
Corp.7 billion in assets.
Accordingly, actual results could materially differ from projections for a
variety of reasons, to include, but not limited to: the impact of local,
national , and international economies and events on the company's business and
operations and on tourism, the military, and other major industries operating
within the Hawaii market; the impact of legislation affecting the banking
industry; the impact of competitive products, services, pricing, and other
competitive forces; movements in interest rates; loan delinquency rates; and
trading of the company 's stock.

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These forward-looking statements relate
to, among other things, expectations of the business environment in which
the Company operates, projections of future performance, potential future
performance , perceived opportunities in the market, and statements
regarding the Company's mission and vision .P.

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(NYSE: CPF), parent company of Central Pacific Bank, today announced the
exercise in full by the underwriters for the Company's recent follow-on common
stock offering of their option to purchase an additional 262,500 shares of
common stock to cover over-allotments.com.

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