DENVER, September 15, 1999 - Qwest Communications International Inc. (Nasdaq: QWST), the Internet communications company, today announced it has been awarded a $16 million contract from Bridge Information Systems, the largest provider of financial news and information in North America and fastest growing in the world.
Under the five-year contract, Qwest will provide Bridge with high-speed, broadband private line services that will allow Bridge to reliably transmit the increasing volumes of mission critical financial information to their customers.
"We are excited about working with the innovative and fast growing Bridge Information Systems," said Shaun P. Gilmore, Qwest senior vice president of national accounts and government markets. "Qwest excels in providing reliable and fast service to organizations with mission critical information such as Bridge. By providing them with broadband services that guarantee fast and secure delivery of important information, Bridge can continue to grow their business successfully."
"Bridge is seeing huge demand for financial information delivered via the Internet," said Rob McCormick, Chief Technology Officer of Bridge. "Qwest is providing us with the bandwidth that we need to reliably deliver high speed bandwidth intensive traffic to our growing customer base while also reducing our operating costs."
Bridge, with 5000+ employees worldwide, and over a quarter of a million users in over 60 countries, is headquartered in New York City with the Bridge Trading and Technology center in St. Louis, and major regional centers in Europe, the Middle East, Africa, and the Pacific Rim. For more information visit the Bridge web site at http://www.bridge.com.
Qwest Communications International Inc. (Nasdaq: QWST) is a leader in reliable and secure broadband Internet-based data, voice and image communications for businesses and consumers. Headquartered in Denver, Qwest has more than 9,000 employees working in North America, Europe and Mexico. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking, spans more than 18,500 miles in the United States, with an additional 315-mile network to be completed by the end of the year. In addition, Qwest and KPN, the Dutch telecommunications company, have formed a venture to build and operate a high-capacity European fiber optic, Internet Protocol-based network that has 2,100 miles and will span 8,100 miles when it is completed in 2001. Qwest also has completed a 1,400-mile network in Mexico.
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 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 complete the network on schedule and on budget, financial risk management and future growth subject to risks, Qwest's ability to achieve Year 2000 compliance, adverse changes in the regulatory or legislative environment, and failure to complete the merger with U S WEST timely or at all. 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.
Qwest Media Contact