Denver, May 3, 1999 ? Qwest Communications International Inc. today announced that it has been selected as the preferred provider of prepaid phone card services for CITGO Petroleum Corporation. The agreement gives Qwest the opportunity to provide prepaid products and services to more than 15,000 of CITGO's locations. CITGO retailers will have the opportunity to sell a variety S.A.F.E.R.SM (Secure Activation For Every Retailer) activated prepaid cards offering consumers attractive low rates. Qwest will provide marketers a complete phone card program including in-store point of sale displays, posters and other selling tools.
Three Qwest prepaid cards offering S.A.F.E.R. functionality will be marketed through the deal. Best Value cards are available in popular $10, $20 and $50 denominations. TeleMinutos cards offer great rates for calls to Mexico and Latin America and are available in $10 and $20 denominations. America's Best is offered for calls to Asia and around the world and is available in $5, $10 and $20 denominations. All of these cards allow consumers to call anywhere within the US, including Alaska, Hawaii, Puerto Rico, US Virgin Islands, Guam and to Canada, as well as to over 230 countries.
CITGO retailers selling the cards will have the benefit of Qwest's S.A.F.E.R. system which activates the cards when the clerk swipes them through their standard retail credit card processing equipment. With S.A.F.E.R. there is no hardware or software to buy. Because cards are activated at the time of sale, theft is greatly reduced. As risk of card theft is reduced, retailers can display the cards more prominently throughout the store inspiring increased sales.
"Because CITGO selected Qwest as the preferred provider of prepaid cards, consumers will be able to take advantage of the great low domestic and international prepaid calling rates," said Mark Welton, vice president of enhance services for Qwest. "And CITGO retailers appreciate the added security and selling opportunity that Qwest cards offer. Because of Qwest's secure activation for every retailer (S.A.F.E.R.) activation system, retailers can prominently display the cards without fear of card theft."
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 9,000 employees working in North America, Europe and Mexico. The Qwest Macro Capacity® 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 an additional 315-mile network route that will be completed by the end of the year. In addition, Qwest and KPN, the Dutch telecommunications company, have formed 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 atwww.qwest.com
CITGO Petroleum Corporation, based in Tulsa, Okla., is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. It is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Republic of Venezuela.
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.
The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.
Qwest Media Contact