Denver, July 24, 2000 — Qwest Communications International, Inc (NYSE: Q), the broadband Internet communications company, today announced that it was awarded a three-year, $12 million contract for advanced hosting services by Microcast Inc., the nation's highest capacity turnkey provider of Internet video services to the media industry.
Microcast's video streaming solutions will be hosted in Qwest's U.S. CyberCenters™. Qwest also will provide Microcast with gigabit Internet connections to all of its hosting equipment in each CyberCenter to ensure digital-quality video of its customers programming.
By leveraging the Qwest backbone, Microcast will be better able to provide its customers a high-end streaming video that allows video commercials to be inserted in real-time or on a targeted basis into video that is being delivered over the Internet. The platform is the first of its kind. It combines large-scale distribution capabilities with individual targeting logic distributed across the network for both live and archived streams.
"The high capacity bandwidth made possible by Qwest's broadband Internet network ensures that Microcast customers can provide superior streaming video quality over the Web," said Steve Jacobsen, executive vice president of business markets for Qwest. "This agreement demonstrates our unique ability to combine broadband access and complex hosting services with mission critical applications at each of our CyberCenters."
"We are very pleased to be working with Qwest as we continue to roll-out our network", said Paul Nash, Chairman and CEO of Microcast. "Qwest's quality IP solutions add to our ability to offer the best streaming experience for consumers in the industry, while we build a reliable, robust network that meets the needs of Internet broadcasters worldwide."
Microcast, founded in 1998 and based in Danbury, CT with offices in New York City, is the broadcast standard of the Internet. The company provides content partners with a turnkey video streaming service, advertisers with unparalleled one-to-one relationship marketing capabilities and consumers with live and archived video programming on demand. The company also provides business clients with video streaming products and services to improve communications within their organizations and with their consumers.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband Internet-based data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 104,000 miles globally. For more information, please visit the Qwest web site at www.qwest.com.
This release may contain 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 Qwest and U S WEST with the SEC, 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 potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to maintain rights of way, financial risk management and future growth subject to risks, adverse changes in the regulatory or legislative environment, and failure to achieve the synergies and financial results expected from the acquisition of U S WEST. 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.
The Qwest logo is a registered trademark of, and CyberCenter is a service mark of, Qwest Communications International Inc. in the U.S. and certain other countries.
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