DENVER, February 27, 2001 - Qwest Communications International Inc. (NYSE: Q), the broadband communications company, today announced that it has recently signed multi-year agreements for approximately $100 million in revenue from virtual private network (VPN) services. Qwest was one of the first companies to offer global VPN services, which give businesses of all sizes the ability to connect remote offices and mobile employees securely through intranets and extranets.
In recent months, Qwest has reached VPN agreements with Global 1000 and nationally recognized corporations, including Petco Animal Supplies, Inc., RBC Dain Rauscher and Alliance Gaming Corp. - owner of Bally Gaming and Systems. Qwest's advanced VPN services have helped these, and other companies, implement a next-generation business communications network that enables them to protect corporate computing resources securely and reliably.
"Petco has more than 500 locations connected through a Qwest VPN solution," said John Shoemake, director of information services, Petco. "This large deployment gives us the ability to weave together the important pieces of our business, without the headaches of numerous networks and configurations. Qwest is clearly the market leader in VPN solutions."
In 1999, Qwest was the first company to introduce network-based VPN technology in the U.S., and has since strengthened its leadership position through its network-based VPN services in Europe. Today, Qwest offers a comprehensive suite of VPN services and is the largest provider of integrated solutions that span multiple VPN technologies. Qwest is poised for its upcoming network-based VPN introduction in Asia in the second quarter of 2002.
"Our comprehensive suite of Internet protocol-based VPN, firewall and managed security solutions enables Qwest to accommodate almost any business' wide area networking or security requirement," said Shaun Gilmore, Qwest executive vice president of global accounts. "Customers are particularly attracted to these solutions as they embrace next generation applications such as video and voice over Internet protocol. Qwest is the technical and market leader for VPN, supporting customers on five continents."
"Internet protocol VPN services are one bright spot despite the challenging telecommunications market," said Steve Harris, International Data Corp. senior analyst for network and VPN services. "Qwest's long presence with IP VPN services makes it one of the more experienced carriers in the U.S. marketplace."
For more information on Qwest VPN services, please visit: www.qwest.com/vpn/
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(r) 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 Communications International Inc. (together with its affiliates, "Qwest", "we" or "us") 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 but not limited to: potential fluctuations in quarterly results; volatility of Qwest's stock price; intense competition in the markets in which we compete; changes in demand for our products and services; the duration and extent of the current economic downturn, including its effect on our customers and suppliers; adverse economic conditions in the markets served by us or by companies in which we have substantial investments; 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 our business, delays in our ability to provide interLATA services within our 14-state local service area; 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, and difficulties in combining the operations of the combined company. This release may include analysts' estimates and other information prepared by third parties for which we assume no responsibility. We undertake 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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