DENVER, March 24, 1999 Qwest Communications International Inc. announced today that for the second year in a row it has been selected as one of Forbes ASAP's Dynamic 100 companies. Moving up fourteen spots from last year, Qwest finished first in its industry sector, beating out other leading companies such as Sprint and MCI/WorldCom.
A panel of judges that included venture capitalists, industry analysts and business/technology writers evaluated more than 900 companies in areas including responsiveness to change, potential market opportunities, marketing expertise, quality of management, allegiances and partnerships and prospects for growth. The magazine concluded that "partnerships with Cisco, Netscape, Microsoft, and traditional telcos . . . are the blueprint for a telecom company in the brave new datacentric world."
"We are pleased to have been chosen as the leader in our category," said Joseph P. Nacchio, Qwest chairman and chief executive officer. "This recognition underscores the innovative technology and new capabilities we provide customers to make the convergence of data, image and voice communications as easy as a phone call."
Qwest joins an elite group representing a "new paradigm" taking place in the technology business, according to Forbes ASAP editor Michael S. Malone. Winners in other categories include Dell Computer, Yahoo and Cisco Systems. "To have made this list," Malone said, "a company had to be truly extraordinary."
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 8,000 employees and 80 sales offices in North America, Europe and Mexico. The Qwest Macro Capacity (SM) Fiber Network, designed with the newest optical networking, will span more than 18,500 route miles in the United States when it is completed by mid-1999, and the additional 315-mile network route recently announced will be complete by the end of the year. In addition, Qwest and KPN, the Dutch telecommunications company, are forming a venture to build and operate a high-capacity European fiber optic, Internet Protocol-based network that has 2,100 miles and will span 9,100 miles when it is completed in 2001. Qwest also has nearly completed a 1,400-mile network in Mexico. For more information, please visit the Qwest web site at www.qwest.com.
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, and adverse changes in the regulatory or legislative environment. 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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