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

To: Scott A. Trapp who wrote (1229)	8/11/1998 7:47:00 PM
From: Bill Cooper	Read Replies (1) \| Respond to of 3873

Tuesday August 11, 5:57 pm Eastern Time Company Press Release SOURCE: Level 3 Communications, Inc. Level 3 Names Thomas Stortz as General Counsel; Terrence Ferguson to Serve as Special Counsel OMAHA, Neb., Aug. 11 /PRNewswire/ -- Level 3 Communications, Inc. (Nasdaq: LVLT - news) today announced that Thomas C. Stortz will be joining Level 3 as Senior Vice President and General Counsel effective September 1, 1998. He succeeds Terrence J. Ferguson, who will continue with Level 3 as Special Counsel to the company. ''I am particularly pleased to have Tom Stortz join us and bring his considerable expertise and experience to our effort,'' said James Q. Crowe, president and CEO of Level 3. ''I have known and worked closely with Tom for years and have great respect for him and what he has accomplished. As the General Counsel of Peter Kiewit Sons', Inc. (PKS), he worked with me and other key executives on a number of projects, including the spin-off of MFS Communications Company and subsequently, the separation of Level 3 from Kiewit.'' Stortz joined PKS as an attorney in 1981 and has served as Vice President and General Counsel for PKS and Kiewit Construction Group, Inc. since 1991. He currently sits on the Board of Directors of PKS and the Nebraska Methodist Hospital Foundation. He has served as a director of RCN Corporation [Nasdaq:RCNC - news], C-TEC Corporation, Kiewit Diversified Group, Inc. and CCL Industries, Inc. He earned his Juris Doctor at Creighton University School of Law, and holds a Bachelor of Business Administration degree from the University of Iowa. Ferguson To Assume Role As Special Counsel ''I am pleased that Terry Ferguson will continue to devote time and effort to Level 3 as Special Counsel,'' said Crowe. ''Terry and I have worked side-by-side since the first days of MFS, more than a decade ago. I admire and respect Terry as both a professional colleague and as a friend. ''After a full and distinguished career that culminated in the merger of MFS with WorldCom, Terry had decided to retire. However, to help launch the new company, I was able to coax him out of retirement to accept an interim position as General Counsel with Level 3. Having led us through the complex legal issues involved in the formation of Level 3, the separation of the company from Kiewit, and the listing of the company on The Nasdaq National Market, he has now decided to step back from the demands of being General Counsel. ''Importantly, Terry has agreed to continue working with us on special projects and with the formation of the company's international operations,'' Crowe said. About Level 3 Communications Level 3 is a communications and information services company that is building the first international network optimized for Internet technology. The Level 3 Network will combine both local and long distance networks, connecting customers end-to-end across the U.S. and Europe. The company expects to complete the U.S. intercity portion of the network by the first quarter of 2001. In the interim, Level 3 has signed an agreement to lease a national network over which it will be able to begin offering services in the third quarter of 1998. Level 3 will provide a full range of communications services -- including local, long distance, international and Internet services. Level 3's common stock is traded on The Nasdaq National Market under the symbol LVLT. Its World Wide Web address is www.L3.com. SOURCE: Level 3 Communications, Inc.