DENVER, March 22, 1999 ? Qwest Communications International Inc. today announced a three-year co-marketing agreement valued at an estimated $20 million with RE/MAX International, one of the world?s largest real estate companies. Under the agreement, Qwest will become the preferred provider of business communications services to RE/MAX affiliates and offices in the United States.
RE/MAX associates will receive a package of communications services that includes domestic and international long distance and toll-free services; calling card; and directory and operator assistance. RE/MAX also has the option of expanding its co-marketing agreement with Qwest to provide its members with leading-edge data and Internet-based services.
?Qwest continues to attract industry leaders, like RE/MAX, who are looking to provide their members with high quality, value-added communications services that meet their business and personal needs,? said Stephen M. Jacobsen, Qwest?s executive vice president of business markets. ?As RE/MAX continues with its impressive growth, Qwest will offer a wide range of services that fulfill the growing communications requirements of RE/MAX and its members.?
?We are pleased to offer our membership these communications programs,? said Bruce Benham, RE/MAX vice president of information technology. "Qwest has designed some very unique and useful communications products, especially in light of the high profile of our associates. Obviously, we are always seeking advanced, value-based technology for our membership and these services are ideal."
RE/MAX affiliates who wish to receive more information on this offering from Qwest can call 1-877-580-4938 toll free.
The RE/MAX franchise network, celebrating its 26th year of consecutive growth, is a global system of 3,200 independently owned and operated offices in 30 countries engaging 53,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. RE/MAX lists and sells more real estate than any other real estate network in the world. For more information, visit the RE/MAX web site at www.remax.com.
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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