DENVER, March 12, 2003 ? Crate and Barrel, one of the largest home-furnishing retailers in the country, has chosen Qwest Communications International Inc. (NYSE: Q) to provide advanced data communications services to dozens of locations. The multi-year contract will help Crate and Barrel extend and integrate data and voice communications between its stores and the company?s corporate headquarters.
Specifically, Qwest is providing Crate and Barrel with frame relay services at more than 40 locations. Qwest frame relay services are an excellent way for companies to transport their data over Qwest?s high-speed and secure communications network. Because of its ability to quickly adjust to meet customers? needs, frame relay services are useful for companies that have variable bandwidth demands depending on work-load, fluctuating customer demands or industry trends.
?Qwest?s account team and reputation for leading technology helped make this decision easy for us,? said Lou Tucker Director of Technology at Crate and Barrel. ?We?ve noticed Qwest?s renewed focus on customer service and we?re pleased with the progress the company has made thus far. We hope to grow and enhance our relationship with Qwest in the coming months.?
To give customers the best possible experience, Qwest incorporates convenient features into its services. For example, Qwest frame relay services include Qwest Control® - a Web-based network management tool that allows customers to access and manage their systems information via the Internet. Customers can track their data, review performance reports, and even open and review trouble tickets.
?We?re thrilled to form this new relationship with Crate and Barrel,? said Cliff Holtz, executive vice president, Qwest Business Markets Group. ?We will listen closely to Crate and Barrel to understand their needs and develop an integrated solution that meets all of their voice and data requirements. Our commitment to putting customers first is reaping benefits through new relationships with respected and successful companies around the nation.?
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 53,000-plus 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.
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: the duration and extent of the current economic downturn in our 14-state local service area, including its effect on our customers and suppliers; the effects of our anticipated restatement of historical financial statements including delays in or restrictions on our ability to access the capital markets or other adverse effects to our business and financial position; 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; 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; the failure of our chief executive and chief financial officers to provide certain certifications relating to certain public filings; 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; our future ability to provide interLATA services within our 14-state local service area; 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; dependence on new product development and 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.
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