XSNI might move on this news;
LONDON--(BUSINESS WIRE)--Oct. 18, 1999--Level 3 International, a
subsidiary of Level 3 Communications, Inc. (Nasdaq: LVLT), today
announced that it has entered into an agreement with The X-Stream
Network (NASD OTC BB: XSNI), the UK's third largest Internet Service
Provider (ISP) and pioneer of free Internet access, to provide
dedicated IP bandwidth. Under the terms of the agreement, Level 3 will
provide X-Stream with broadband access to global bandwidth across the
Level 3 network.
Christopher Sukornyk, President & Chief Technology Officer of The
X-Stream Network, said, "X-Stream's commitment to users is aiming to
offer the best Internet performance available, 100% free. Our offers
of completely free 0800 access have seen unprecedented volume
increases in the use of the network. We intend to continue innovating
the market in this way. The IP technology from Level 3 will enable an
increasing number of users to experience a high degree of availability
and speed."
Mr. Sukornyk continued, "We are witnessing a new wave of advanced
Internet users demanding even more powerful technology from their ISP
portal. The demand for MP3 and video technology is increasing, and the
Level 3 network enables X-Stream to meet this demand with powerful
broadband access. The agreement between our two companies strengthens
our mutual commitment to offering Internet users the best technical
innovation available in the market."
Les Johns, Level 3 UK managing director, said, "Level 3 is
committed to significantly cutting the cost of communication through
the development of innovative products and services. We are pleased
that X-Stream has chosen Level 3 to provide a critical part of its
services. It serves to further emphasise that IP-based communications
are the future of communications here in the UK and potentially around
the globe. Level 3 is a pioneer in understanding the needs of this
fast growing IP-centric market and is actively working to provide both
the business models and platforms to enable the development of these
up and coming applications."
Currently more than two thirds of X-Stream's new users come from
recommendations by other users. Paul Myers, Managing Director & Chief
Operating Officer, commented, "The recommendations from a friend to
use our service reinforces our belief that overall quality of service
should not be sacrificed just because the service is free. Our service
is fast, efficient, reliable and always available."
About The X-Stream Network
Launched in the UK on March 8, 1998, The X-Stream Network is the
world's first 100% FREE Internet access service, which now boasts over
463,851 registered subscribers. Users can access the service by
calling 0800 358 5678 and requesting the necessary software. Using
this innovative software programme, The X-Stream Network is able to
offer all users 100% free access to the Internet. With offices in
London and Toronto, The X-Stream Network is rapidly expanding its
unique service to new territories including Norway and Sweden.
The X-Stream Network can be found at x-stream.com,
X-Streamail Plus free email and Unified Messaging service at
mail.x-stream.co.uk, X-Stream Central at
x-stream.co.uk, X-Stream SmartShopper at
smartshopper.x-stream.co.uk and The X-Stream Games Network at
x-stream.gamesnetwork.com.
About Level 3 Communications
Level 3 Communications, Inc. is a communications and information
services company that is building the first international network
optimized for Internet Protocol technology. The Level 3 Network
combines local, long distance, and undersea networks, connecting
customers end-to-end across the U.S. and in Europe and Asia. The
company expects to complete the U.S. intercity portion of the network
during the first quarter of 2001. In the interim, Level 3 has leased a
national network over which it began to offer services in the third
quarter of 1998. Level 3's common stock is traded on The Nasdaq
National Market (U.S.) under the symbol LVLT. Its World Wide Web
address is www.Level3.com.
The statements made by Level 3 and X-Stream in this press release
may be forward-looking in nature. Actual results may differ materially
from those projected in forward-looking statements. Level 3 believes
that its primary risk factors include, but are not limited to:
substantial capital requirements; development of effective internal
processes and systems; the ability to attract and retain high quality
employees; changes in the overall economy; technology; the number and
size of competitors in its markets; law and regulatory policy; and the
mix of products and services offered in its target markets. Additional
information concerning these and other potential important factors can
be found within Level 3's filings with the U.S. Securities and
Exchange Commission. Statements in this release should be evaluated in
light of these important factors.
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