SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (68210)7/19/1999 12:12:00 AM
From: Robert Rose  Respond to of 164684
 
What the difference between Victor and Kis? The former will wake up embarrassed tomorrow morning....



To: Lizzie Tudor who wrote (68210)7/19/1999 1:32:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 

July 19, 1999

LEVEL 3 COMMUNICATIONS LAUNCHES CINCINNATI GATEWAY FACILITY

CINCINNATI, July 19, 1999 - Level 3 Communications, Inc. (Nasdaq: LVLT),
today announced that it will begin providing select telecommunications
services in the Cincinnati metropolitan area as part of its national city
rollout. Level 3 is building the first international network based on
Internet Protocol (IP) technology. When completed, the Level 3 Network will
combine both local and long distance networks, connecting customers
end-to-end across the U.S. and in Europe and the Pacific Rim. By year-end
1999, Level 3 expects to offer services in 27 U.S. cities and 5 European
cities. When completed, the Level 3 Network will include local networks in
50 U.S. cities and 21 international cities, and be connected to an
approximately 16,000 mile U.S. intercity network and an approximately 3,500
mile European network. The U.S. network will also connect approximately 150
cities in which the company will have a Point of Presence (POP) and can
offer long distance services.

Level 3 Offers Services in Cincinnati

The Level 3 office and operations, or Gateway facility, is located in the
R.L. Polk Building at 400 Pike Street in downtown Cincinnati. The 36,000
square foot facility will house the local sales staff, operational staff
and Gateway switch equipment, along with additional space for expansion and
colocation services. Initially, Level 3 plans to employ approximately 10
professionals at the facility.

"Level 3's commitment to the Cincinnati business community is more than our
investment in advanced infrastructure and contributions to the city's tax
base. We are dedicated to becoming a strong corporate citizen, working hard
to earn the trust of our customers in the Cincinnati metropolitan area by
providing high quality, reliable and cost effective telecommunications
services," said John Verduzco, Level 3 Cincinnati city sales director.

"The local sales and operations teams have been very pleased with Tri-state
businesses' reception to Level 3. We have encountered a growing number of
clients whose business models rely heavily on our Tier I Internet backbone
as well as our state-of-the-art colocation facility. In many cases it is a
convenient opportunity for our clients to utilize our local data center to
house -- or colocate -- their mission-critical network components and
application servers," Verduzco said.

Level 3 is now installing its basic building blocks for current and future
communications needs in the Cincinnati area and cities across the nation.
By building a network based on IP technology, Level 3 is positioning itself
to take advantage of what it sees as a fundamental technological shift in
communications. The company believes that this shift from 100-year old
circuit switching technology to the newer Internet Protocol technology will
change the way businesses communicate, and that the shift is as important
as that from the telegraph to the telephone, or from the mainframe to the
PC.

Initial Services Offered

Level 3 is positioning itself to begin providing businesses with basic, but
critical services on a competitive basis. Initially, Level 3 will use
leased network capacity and, as its national IP-based network is completed,
the company will be able to seamlessly switch customers over to its own
network.

The initial products being offered to business customers in Cincinnati by
Level 3 include the following services:

Private Lines - a point-to-point service makes networking simple by
providing a dedicated connection from one company location to another,

Colocation - state-of-the-art facilities, network, and support services
that provide reliable and secure 24-hour access for mission critical
equipment,

Internet Access -a full range of Dedicated Internet access services offer
high-capacity connections for Internet Service Providers and corporate
users,

IP CrossRoads - allows content providers and access providers to
dramatically improve performance while radically reducing network costs,
and

Dark Fiber - spare capacity provides customers with a viable upgrade path
within the Level 3 network.

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 its planned
network construction in phases beginning in the first quarter of 2001. In
the interim, Level 3 is offering service in the U.S. and Europe using a
combination of company owned facilities and leased network connections.
Level 3's common stock is traded on The Nasdaq National Market (U.S.) under
the symbol LVLT. Its World Wide Web address is level3.com. Some
of the statements made by Level 3 in this press release are 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 the
company's target markets. Additional information concerning these and other
important factors can be found within Level 3's filings with the Securities
and Exchange Commission. Statements in this release should be evaluated in
light of these important factors.

------------------------------------------------------
This service provided by Shareholder Direct.
Additional Information: investor.level3.com
Distribution List Changes/Deletions: shareholder.com



To: Lizzie Tudor who wrote (68210)7/19/1999 7:49:00 PM
From: Victor Lazlo  Respond to of 164684
 
I'm circulation mgr for Kiplinger's. Please !! Buy it!