WESTFORD, Mass. and DENVER ? November 14, 2001 ? Captivate Network, Inc., the nation?s largest elevator media network that delivers programming and advertising to business professionals, and Qwest Communications International Inc. (NYSE: Q), the broadband communications company, today announced a multi-million dollar agreement in which Qwest will extend its advertising campaign to Captivate?s media network reaching more than one million business professionals in elevators across North America. In a separate agreement, Qwest will provide Captivate with broadband connectivity, Web hosting, and an industry-leading Virtual Private Network (VPN).
Under the multi-year advertising agreement, Captivate will leverage Qwest?s existing advertising campaign and deliver targeted messages focused on Qwest?s global business markets solutions, such as dedicated Internet access, VPN, Web hosting and managed solutions.
The network services agreement will give Captivate access to Qwest?s secure 190,000 mile global fiber-optic network through a network-based VPN that will connect directly to Captivate?s hosted media content housed in Qwest data centers, known as CyberCenters(sm). The VPN will allow Captivate to send graphic-intensive multimedia images between more than 1,100 buildings in 29 markets throughout the U.S.
?During discussions with Captivate about how Qwest?s networking solutions would benefit its advertising platform we became aware of how Captivate?s advertising opportunities could benefit Qwest, and we decided to seize the opportunity,? said John Scarborough, vice president of marketing for Qwest global business markets. ?Captivate?s advertising services allow Qwest to market specific products to targeted audiences during the day. This is an ideal addition to Qwest?s ongoing corporate branding initiative and global business markets advertising campaign.?
?We are pleased that Qwest quickly recognized that our business audience represented more than $100 million of telecom consumption and that Captivate uniquely offered it a way to reach this audience multiple times every day,? said Michael DiFranza, president and CEO of Captivate. "We are also eager to take advantage of Qwest?s industry-leading network products and services to upgrade our existing technology infrastructure and expedite our aggressive expansion.?
About Captivate Network
Captivate Network, Inc. (www.captivatenetwork.com), the largest elevator media network, provides business professionals with quality programming and advertising through its network of Class A office towers across North America. Currently, the company has secured contracts with approximately 1,100 buildings, and when the network is fully built out, will reach an audience of three million business professionals every workday. Captivate?s advertising roster includes General Motors, Continental Airlines, Dunkin? Donuts, Sprint, Oracle, E-Trade, Microsoft, DaimlerChrysler, Pepsico, Procter & Gamble, AT&T, Lexus and Pioneer Investments. Venture capital investors include ABS Capital Partners, Advent International, Castle Hill Ventures, Goldman Sachs, OVP Venture Partners, Primus Venture Partners, Inc., AEW Capital Management, as well as several of North America?s largest commercial real estate companies. Captivate is headquartered in Westford, Massachusetts, with offices throughout North America.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband 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 190,000 miles globally. For more information, please visit the Qwest Web site at www.qwest.com.
This press release contains forward-looking statements, and Captivate Network, Inc. (the ?Company?) desires to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 in connection with those statements. These forward-looking statements are identified by reference to a future period(s) or by the use of forward-looking terminology, such as the words "may", "believe", "expect", "intend", "anticipate" and "project" and similar expressions. Any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. Such forward-looking statements are made based on current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause the actual results, performance or achievements of the Company, or industry trends, to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements, and no assurance can be given that such forward-looking statements will be achieved. The Company does not undertake, and specifically disclaims any obligation, to update forward-looking statements, even if the Company's situation may change in the future. All subsequent written and oral forward-looking statements concerning the matters described in this press release attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above
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 Qwest 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 potential fluctuations in quarterly results, volatility of Qwest?s stock price, intense competition in the communications services market, changes in demand for Qwest?s 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, rapid and significant changes in technology and markets, adverse changes in the regulatory or legislative environment affecting Qwest?s business, delays in Qwest?s ability to provide interLATA services within its 14-state local service territory, adverse conditions in the economy nationally and within its territory, failure to maintain rights of way, and failure to achieve the projected synergies and financial results expected to result from the acquisition of U S WEST timely or at all and difficulties in combining the operations of Qwest and 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.