PriceSmart, Inc.

PRESS RELEASE Centennial Communications to Present at Bear Stearns 14th Annual Global Credit Conference

(NASDAQ: CYCL)
announced today that Chief Financial Officer Thomas J.S.

from embassies


PriceSmart now operates 22 warehouse clubs in 11 countries and one U.
territory (four in Panama; three in Costa Rica; two each in Dominican
Republic, El Salvador, Guatemala, Honduras and Trinidad; and one each in
Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands ).com/,
http://www.

Embassies and consulates to and from the Dominican Republic.

embassies caribbean

(NASDAQ: PSMT) today
announced that it has extended the period in which holders of its rights to
purchase PriceSmart common stock issued pursuant to its previously
announced rights offering may subscribe for its common stock at a price of
$8 per share.
New York City time on January 31, 2006.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.1 million wireless subscribers. For more information regarding Centennial, please visit our
websites http://www.

government regional

Fitzpatrick is
scheduled to speak at the Bear Stearns 14th Annual Global Credit Conference
in New York on Tuesday, May 17th at 3:30 p.com/, shortly before the scheduled
presentation.

embassies consulates



This announcement is neither an offer to sell nor a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state
or foreign jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of such state or foreign jurisdiction . A registration statement relating to
these securities has been filed with and has been declared effective by the
Securities and Exchange Commission.-style
membership shopping warehouse clubs in Central America and the Caribbean,
selling high-quality merchandise at low prices to PriceSmart members.
Centennial Communications Corp. Virgin Islands and provides facilities-based integrated voice,
data and Internet solutions.centennialpr.

regional consulates

The expiration of the $8 subscription period is now 5:00 p. ET.centennialrd.

regional embassies

PriceSmart is extending the
$8 subscription period to give its rights holders an opportunity to review
the Company's results of operations during the first quarter of fiscal year
2006 before making a decision to exercise their rights. The Company plans
to report its first quarter results in mid-January 2006 and circulate a
prospectus supplement containing these results prior to the expiration of
the $8 subscription period.S.

The presentation slides
will be available on Centennial's Investor Relations website,
http://www. Welsh, Carson Anderson & Stowe and an
affiliate of the Blackstone Group are controlling shareholders of
Centennial.

consulates dominican

PRESS RELEASE PriceSmart Announces Extension of $8 Rights Offering Exercise Period

m.centennialwireless . Centennial's Caribbean business
owns and operates wireless networks in Puerto Rico, the Dominican Republic
and the U.centennialwireless.com/ and
http://www.

foreign consulates

m. The $8 subscription period was
previously set to expire on December 21, 2005.S.

ABOUT CENTENNIAL

Centennial Communications (NASDAQ: CYCL), based in Wall, NJ, is a leading
provider of regional wireless and integrated communications services in the
United States and the Caribbean with over 1. business owns and operates wireless networks in the Midwest and
Southeast covering parts of six states.

caribbean abroad

ir.
The U.S.com/

consulates republic

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