DENVER, June 8, 2004 ? Qwest Communications International Inc. (NYSE: Q) today announced a new, three-year, six-million-dollar contract with Burlington Coat Factory Warehouse Corporation, a leading national retailer. Under the expanded contract, Qwest is now providing Burlington Coat Factory with advanced communications services to 350 locations across the country. The company has been a Qwest customer since 1998.
Burlington Coat Factory will use several Qwest voice and data services including domestic frame relay, dedicated- and switched-voice services, toll-free services, calling cards, and dedicated Internet access (DIA). Using Qwest?s frame relay and DIA services will allow Burlington Coat Factory employees to process customer orders faster and better serve its customers. Also, Qwest?s toll-free and calling card services give employees an effective tool to communicate with each other from remote locations across the country.
?Qwest continues to grow business with its existing customers, like Burlington Coat Factory, through our dedication to providing industry-leading service,? said Clifford S. Holtz, executive vice president of Qwest business markets group. ?Now that Qwest offers end-to-end communications solutions for businesses nationwide, our customers reap the benefit of having a single provider for all their communications needs.?
?During the past six years the Qwest team has continually worked to provide us with the communication tools we need to help us grow our business,? said Brad Friedman, vice president of information services of Burlington Coat Factory. ?We operate more than 350 locations nationwide, and Qwest gives us the end-to-end communications services we need to allow us to focus on serving our customers.?
About Burlington Coat Factory
Burlington Coat Factory Warehouse Corporation is a national department store retail chain offering current, high quality, designer merchandise at up to 60 percent less than other department store prices. Burlington Coat Factory stores feature outerwear, apparel, shoes, and accessories for the entire family, baby clothes, furniture, toys, home decor items, and gifts. Over 315 stores can be found in 42 states nationwide.
Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services to more than 25 million customers. The company?s 46,000 employees are committed to the ?Spirit of Service? and providing world-class services that exceed customers? expectations for quality, value and reliability. For more information, please visit the Qwest Web site at www.qwest.com.
Forward Looking Statement Note
This release may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by us with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; our substantial indebtedness, and our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the SEC's current investigation into our accounting policies, practices and procedures and certain transactions; any adverse outcome of the current investigation by the U.S. Attorney's office in Denver into certain matters relating to us; adverse results of increased review and scrutiny by Congress, regulatory authorities, media and others (including any internal analyses) of financial reporting issues and practices or otherwise; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings, including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete including the likelihood of certain of our competitors emerging from bankruptcy court protection or otherwise reorganizing their capital structure and competing effectively against us; changes in demand for our products and services; acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels; higher than anticipated employee levels, capital expenditures and operating expenses; adverse changes in the regulatory or legislative environment affecting our business; and changes in the outcome of future events from the assumed outcome included in our significant accounting policies.
The information contained in this release is a statement of Qwest's present intention, belief or expectation and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and Qwest's assumptions. Qwest may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in Qwest's assumptions or otherwise. The cautionary statements contained or referred to in this release should be considered in connection with any subsequent written or oral forward-looking statements that Qwest or persons acting on its behalf may issue. This release may include analysts' estimates and other information prepared by third parties for which Qwest assumes no responsibility.
Qwest undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
By including any information in this release, Qwest does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.
The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.