DENVER, NOVEMBER 8, 2001 ? Qwest Communications International Inc. (NYSE: Q), the broadband communications company, today announced that it has signed a three-year, multi-million dollar Web hosting and networking services agreement with Fast Search & Transfer (FASTÔ), a leading developer of search and real-time filter technologies that power the information-on-demand economy.
Qwest will provide Web hosting for FAST Web Search, which supplies 24x7 private label Web search capabilities to major portals such as Terra Lycos and its worldwide partners, and T-Online, one of the largest ISPs in Europe. The FAST Web Search installation will migrate from its current collocation facilities to Qwest?s Sacramento CyberCenterSM ? a state-of-the-art hosting facility. Qwest will also provide FAST with high-speed broadband access and other network services over its 190,000-mile fiber-based Internet network.
?Designing and operating the world?s freshest and fastest search engine for use by major portals requires that FAST have a Web hosting partner that can instantly deliver unlimited, yet very reliable and low-cost broadband access on a 24x7 basis,? said David M. Burns, executive vice president of business development for FAST Search & Transfer. ?In order to keep the service ultra-fresh, and to ensure sub-second response time to millions of users worldwide, FAST required a partner such as Qwest that owns its own network and can deliver the highest levels of network performance and reliability. Additionally, Qwest?s focus on delivering integrated solutions and professional services makes it an excellent partner to resell FAST?s information retrieval solutions to businesses of all sizes.?
FAST Web Search is the world?s freshest search engine, with an average ten-day update of its 600 million fully indexed Web pages. Handling tens of millions of searches per day from all over the world, FAST Web Search consistently returns the fastest search results on the Web with average response times under one second. By managing the FAST systems through its CyberCentralSM facility, which monitors all 17 of Qwest?s CyberCenters and helps prevent security breaches, system overloads and outages resulting from other types of issues, Qwest will help ensure that FAST?s Web Search remains at peak performance, 24 hours per day, seven days per week.
Qwest also announced that it will become a certified reseller of FAST search solutions and that it had licensed the company?s solutions for internal use. Qwest will initially resell FAST Data SearchÔ, a real-time information retrieval solution for corporate environments with high query and/or data volumes. FAST Data Search increases transaction efficiency and reduces storage costs of OLTP Applications. It enables unified ?search bar? access to hundreds of terabytes of historical transaction and corporate data from relational databases, HTML pages, XML feeds from business partners, and more than 250 document formats.
?This agreement further solidifies Qwest?s position as an industry leader in Web hosting and broadband services,? said Joel Arnold, executive vice president, Qwest global business markets. ?We are confident in Qwest?s ability to exceed this customer?s mission-critical broadband needs. Qwest and FAST also are in the process of identifying customers that may benefit from the combination of FAST?s new Data Search technology and Qwest?s Web hosting and managed services offerings.?
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 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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