DENVER, January 29, 2000 ? Qwest Communications International Inc. (NYSE: Q), the broadband Internet communications company, announced today that it has secured $50 million in contracts for Internet and professional services from major consumer and financial companies.
The company said that it continues to experience strong demand for its portfolio of broadband Internet applications and services. The company?s Web consulting services division is supporting the development of advanced Internet applications and providing complex hosting to customers such as Citibank, Procter & Gamble, Fleet Securities, VisualPlex (funded by Bausch & Lomb), and Swissôtel. This division offers a broad portfolio of Web design, consulting and integration services to develop, host and manage strategic applications for customers.
"While others claim to have the capabilities, Qwest is the only company that has a true end-to-end e-business solution. More and more of our customers are using Web consulting together with hosting to extend their Internet presence, an approach that can save them more than 80 percent versus in-house alternatives," said Nilo Gutierrez, Qwest vice president of Internet solutions. "We have strong demand because Qwest is uniquely qualified to deliver a comprehensive suite of industry-leading broadband access, applications and hosting services."
Qwest has also formed a wireless application development team specializing in the strategy and design of wireless and mobile interactive platforms, devices and tools. This team created the Wireless Application Protocol (WAP)-enabled application behind Swissôtel?s wireless Web site. Using any WAP-enabled handheld device, such as a wireless phone or a personal digital assistant, Swissôtel guests can obtain hotel-specific information, including directions to the facility, the latest information on events and meetings and weather reports.
"Swissôtel is the first international hotel company to have a worldwide rollout of WAP," said Michelle Woodley, vice president of distribution for Swissôtel. "With our new wireless Web site, our guests have yet another option for getting updated information on our hotels. Qwest Interactive did an exceptional job creating an environment that makes it easy for our technology-savvy guests to get the information they need in real time."
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 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 and delays in Qwest?s ability to provide interLATA services within its 14-state local service 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.
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