Denver, February 22, 2000 ? Qwest Communications International Inc., the broadband Internet communications company (NYSE: Q), today announced that it has been awarded multiyear, multimillion dollar Internet services agreement with internet.com (Nasdaq: INTM), the E-Business and Internet Technology Network.
Under terms of the agreement, Qwest will provide co-location services to consolidate all of internet.com's U.S. based Web servers for its 95 Web site properties in Qwest's CyberCenter in Newark, NJ. The co-location will give internet.com a new level of redundancy and reliability through better network performance, thus reducing costs and staffing resources. Qwest will also become the exclusive hosting service on internet.com, offering visitors direct access to Qwest's broadband Internet solutions, products and services.
"As the provider of Web hosting services for internet.com, Qwest can provide superior speed and reliability for internet.com's robust, growing business," said Shaun Gilmore, Senior Vice President of National Accounts for Qwest. "In addition, the internet.com network is a targeted location to attract businesses looking for the high quality Internet services provided by Qwest."
"We are very excited about this relationship with Qwest. They can provide the technology necessary to facilitate all of our servers and support our continuing growth," said internet.com chairman and CEO Alan M. Meckler. "At the same time, internet.com will provide Qwest with another high-profile channel through which it can strengthen its client base and generate revenue."
internet.com Corporation (http://www.internet.com) based in New York, NY, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 95 Web sites, 73 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2 million unique visitors that generate more than 90 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 150 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, Israel, Japan, South Africa and the United Kingdom. In addition, internet.com with its related internet.com Venture Fund I and Venture Fund II is an investor in a growing number of business-to-business content sites and related Internet media properties.
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 24,500 miles in North America. In addition, KPNQwest (Nasdaq: KQIP), Qwest's European joint venture with KPN, the Dutch telecommunications company, is building and will operate a high-capacity European fiber optic, Internet-based network that will span 9,150 miles when it is completed in 2001.
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 maintain rights of way, 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 and achieve projected synergies and financial results timely or at all. 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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