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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: Rich who wrote (2122)	7/19/1999 12:47:00 PM
From: Kevin G. O'Neill	Read Replies (1) \| Respond to of 3873

Level 3 Communications Launches Cincinnati Gateway Facility Monday July 19, 11:52 am Eastern Time Company Press Release biz.yahoo.com SOURCE: Level 3 Communications, Inc. Level 3 Communications Launches Cincinnati Gateway Facility CINCINNATI, July 19 /PRNewswire/ -- Level 3 Communications, Inc. (Nasdaq: LVLT - news), 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. SOURCE: Level 3 Communications, Inc.