DENVER, February 4, 2004 ? Qwest Communications International Inc. (NYSE:Q) recently donated 500 long-distance calling cards to members of the military recuperating at Walter Reed Army Medical Center in Washington, DC. The donation, part of an assistance program managed by the Red Cross, provides 30 minutes of free long-distance calling to each of 500 recuperating military personnel.
?At Qwest, we support the efforts of our U.S. military men and women, and want to provide assistance to those hospitalized as a result of injuries suffered in the service of our country,? said James F.X. Payne, senior vice president, Qwest Government Services Division. ?The calling cards demonstrate our appreciation for individuals serving in the U.S. Armed Services and are a way for members of the military to keep in touch with family and loved ones during their time of recovery.?
Qwest currently has 90 employees on active duty in the U.S. military. Qwest?s support for its military employees includes helping them maintain financial stability by making up the difference between their military pay and their Qwest salary. In addition, the company continues to provide subsidized health insurance benefits during the employees? active military service. Because of these policies, Qwest employees on active duty can focus on things other than their jobs, finances or health benefits during their military absences. Under Qwest?s current policy, reemployment is guaranteed to each military employee at Qwest upon return from military service.
?Qwest?s employee policies provide the assistance to ensure that life flows as smoothly as possible for our employees on active military duty and their families,? said Jill Sanford, Qwest?s vice president of human resources. ?We want employees to know that as a company, and as fellow Americans, we support and appreciate their commitment to our country. Their dedication is truly the Spirit of Service in Action.?
Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services to more than 25 million customers. The company?s 47,000 employees are committed to the ?Spirit of Service? and providing world-class services that exceed customers? expectations for quality, value and reliability. 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 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: the duration and extent of the current economic downturn in our 14-state local service area, including its effect on our customers and suppliers; access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; our substantial indebtedness, and our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the SEC's current investigation into our accounting policies, practices and procedures and certain transactions; any adverse outcome of the current investigation by the U.S. Attorney's office in Denver into certain matters relating to us; adverse results of increased review and scrutiny by Congress, regulatory authorities, media and others (including any internal analyses) of financial reporting issues and practices or otherwise; further delays in making required public filings with the SEC; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings, including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete including the likelihood of certain of our competitors emerging from bankruptcy court protection or otherwise reorganizing their capital structure and competing effectively against us; changes in demand for our products and services; 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; adverse changes in the regulatory or legislative environment affecting our business; and changes in the outcome of future events from the assumed outcome included in our significant accounting policies.
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