DENVER, April 17, 2006 - Qwest Communications International Inc. (NYSE: Q) today announced it has signed a new two-year contract with Leavitt Group Enterprises to be the exclusive provider of its voice and data networks. The Leavitt Group is the largest Utah-based insurance brokerage and the 20th largest independent insurance sales organization in the United States.
Qwest will migrate the Leavitt Group's existing frame relay network to an iQ Networking solution. The Qwest service will offer the Leavitt Group Voice over Internet Protocol (VoIP), a centralized data network, increased bandwidth and centralized Internet access. Qwest iQ Networking will allow the Leavitt Group to reduce its overall expenses and control costs by combining data and voice applications.
"We looked at many different proposals, and Qwest beat out the competition because of its ability to offer a dedicated point of contact to meet all of the Leavitt Group's voice and data requirements," said Bruce Crankshaw, chief operating officer, Leavitt Group Enterprises. "Qwest was easy to do business with and the superior, dedicated Qwest account team members impressed us with their Spirit of Service commitment."
"We couldn't be more pleased to show the Leavitt Group how Qwest can simplify all business communications for customers," said Tom Richards, executive vice president, business markets group for Qwest. "The Leavitt Group is a longtime Qwest customer, and we are happy to provide next-generation communications services to customers at the right price."
About Leavitt Group Enterprises
The Leavitt Group is a network of over seventy independent insurance agencies in more than 90 locations. The Leavitt Group provides affiliated agencies with management services, specialty products, and greater access to insurance markets that create a stable insurance environment for clients. More information about the Leavitt Group can be found at www.leavitt.com.
Qwest Communications International Inc. (NYSE: Q), through its operating subsidiaries, is a leading provider of high-speed Internet, data, video and voice services. With nearly 40,000 employees, Qwest is 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: 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; 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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