NEW YORK -- (National Retail Federation Convention & Expo) -- January 17, 2005 — Expanding their growth in the retail industry, SAVVIS Communications (NASDAQ: SVVS), a leading global IT utility, today announced an agreement with Panera, LLC (NASDAQ: PNRA), the company that has led the nationwide trends of artisan bread and quick casual/specialty foods, to provide managed network services connecting more than 600 Panera Bread bakery-cafes.
Panera Bread bakery-cafes will use SAVVIS’ converged network services to support high-speed broadband wireless Internet access (Wi-Fi) at more than 600 locations, making Panera Bread the largest provider of free Wi-Fi Internet access in the United States.
The Wi-Fi service allows customers with a Wi-Fi-enabled laptop or PDA to access the Internet, check their email, connect to a corporate server or browse the web while within the comfort of a Panera Bread bakery-cafe. By creating a comfortable environment, Panera expects to increase in-store traffic particularly in traditionally off-peak hours between breakfast and lunch.
SAVVIS currently serves more than 400 customers in the retail industry worldwide including names such as Albertson’s, Ann Taylor, Gucci, Montblanc, Jos. A. Bank Clothiers, Virgin Entertainment Group, the Sharper Image, and The Mills Corp who are all SAVVIS customers. These and other retailers rely upon SAVVIS to deliver outsourced IT services that provide significant savings and functionality over internal solutions and over other traditional outsourcing models. About Panera Bread Panera Bread Company owns and franchises bakery-cafes under the Panera Bread and Saint Louis Bread Co. names. The Company is a leader in the emerging specialty bread/cafe category due to its unique bread combined with a quick, casual dining experience. Additional information is available on the Company's website, http://www.panerabread.com.
SAVVIS Communications (NASDAQ: SVVS) is a global IT utility services provider that leads the industry in delivering secure, reliable, and scalable hosting, network, and application services. SAVVIS’ strategic approach combines the use of virtualization technology, a utility services model, and automated software management and provisioning systems. SAVVIS solutions enable customers to focus on their core business while SAVVIS ensures the quality of their IT infrastructure. With an IT services platform that extends to 47 countries, SAVVIS is one of the worlds’ largest providers of IP computing services. For more information about SAVVIS, visit: .
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from SAVVIS’ expectations. Certain factors that could affect actual results are set forth as risk factors in SAVVIS’ SEC reports and filings, including its annual report on Form 10-K for the year ended December 31, 2003, as filed with the Securities and Exchange Commission on February 24, 2004, and all subsequent filings. SAVVIS assumes no obligation to update or supplement forward-looking statements.
Matters discussed in this news release, including any discussion or impact, express or implied, on Panera, LLC’s anticipated growth, operating results and future earnings per share contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are often identified by the words “believe”, “positioned”, "estimate", "project", “target”, “continue”, "intend", "expect", "future", "anticipates", and similar expressions. All forward-looking statements included in this release are made only as of the date of this release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that occur or which we hereafter become aware, after that date. Forward looking information expresses management's present belief, expectations, or intentions regarding the Company's future performance. The Company's actual results could differ materially from those set forth in the forward-looking statements due to known and unknown risks and uncertainties and could be negatively impacted by a number of factors. These factors include but are not limited to the following: the availability of sufficient capital to the Company and the developers party to franchise development agreements with the Company; variations in the number and timing of bakery-cafe openings; the ability by the Company and franchisees to operate additional bakery-cafes profitably; public acceptance of new bakery-cafes; competition; national and regional weather conditions; changes in restaurant operating costs, particularly market changes, food and labor costs, and inflation; and other factors that may affect retailers in general. These and other risks are discussed from time to time in the Company's SEC reports, including its Form 10-K for the year ended December 27, 2003.
Carter B. Cromley