DENVER, May 12, 2003 ? Life Time Fitness, the nation?s fastest growing health, fitness, and nutrition company, has established a new multi-year communications services agreement with Qwest Communications International Inc. (NYSE: Q) whereby the company will extend and integrate data and voice communications among its 30 locations throughout seven states.
In addition to the local telephone services Qwest already provides Life Time Fitness, Qwest now will provide high-speed dedicated Internet access (DIA) service which will enable the company to transport all of its data over Qwest?s secure communications network. Life Time Fitness is using a high-speed Qwest dedicated Internet access line (OC-12), which is large enough to transmit more than 600,000 five paragraphs e-mails in one second.
?As Life Time Fitness continues its aggressive national growth, we require a services provider that can meet our communications needs,? said Robert Mendel, director, Life Time Fitness IT Operations at Life Time Fitness. ?We see Qwest as a key partner in this endeavor.?
?We continue to expand our relationships with existing customers as they see that we provide not only top-flight communications solutions, but also customer support that ensures one phone call to Qwest will be the only call they need to make,? said Cliff Holtz, executive vice president, Qwest Business Markets Group. ?We look forward to helping Life Time Fitness concentrate on growing its business ? we?ll focus on delivering the emails and phone calls the company depends on.?
In addition to DIA services, which offer access speeds from 56 Kilobits per second up to 10 Gigabits per second (the highest available), Qwest offers a complete range of communications services with everything from a single private line or frame relay application to Web hosting or professional services tailored to the individual business. Qwest also offers strategic consulting, custom application development and database design.
About Life Time Fitness, Inc.
Life Time Fitness, Inc. is a privately held health, fitness and nutrition company that operates 30 multi-purpose, state-of-the-art Sports, Fitness and Recreational Centers in seven national markets including Minnesota, Illinois, Michigan, Ohio, Indiana, Virginia, and Arizona. Additional Life Time Fitness expansion is underway in Arizona and Texas.
Life Time Fitness has set the industry standard in providing consumers with the absolute finest in sports and fitness centers, athletic events, adventure travel, full service spas, personal training consultation, health and nutrition education, corporate wellness programs, personal care products, and the most scientifically advanced nutritional products and supplements. The Company is headquartered in Eden Prairie, Minnesota and can be reached at 952-947-0000 or on the Web at www.lifetimefitness.com.
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 50,000-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.
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