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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Scotsman who wrote (2839)	2/3/1999 1:12:00 AM
From: scouser	Read Replies (1) \| Respond to of 6846

Not my stock but I thought you'd like this. BW)(CO-QWEST-COMMUNICATIONS)(QWST) QWEST COMMUNICATIONS WINS LARGEST CONTRACT TO UPGRADE THE U.S. DEPARTMENT OF TREASURY COMMUNICATIONS SYSTEM Business Editors DENVER--(BUSINESS WIRE)--February 3, 1999-- Qwest To Work With TRW To Support $1 Billion Network Qwest Communications International Inc. today announced it has been awarded a subcontract by TRW Inc. to provide advanced communications services to the U.S. Department of Treasury. Qwest will work with TRW to help support the $1 billion Treasury Communications System (TCS), a network that interconnects Treasury and all of its agencies throughout the U.S., Canada and Mexico. Qwest's Government Services division teamed with all five Regional Bell Operating Companies' (Ameritech, Bell Atlantic, Bell South, SBC, and U S West) Federal systems divisions to ensure local access for responsiveness to Treasury requirements and schedules. "TRW selected Qwest as a key service provider for the TCS enhancement initiative because of its technology, people and its partnering approach," said Phil Odeen, executive vice president and general manager of TRW's System and Information Technology Group. "TCS enhancement will bring to Treasury and its Bureaus the best communications products and services. TRW is delighted to have Qwest as a member of the TCS team as we continue to support the Treasury mission in a cost-effective manner." "We are pleased to be providing the Treasury Department with new, sophisticated, scalable, secure and low-cost communications," said Joseph P. Nacchio, Qwest president and CEO. "The government and the taxpayers win with this opportunity as Qwest will assure that cutting-edge technology is always at hand." About Qwest 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 in mid-1999. 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 2002. Qwest also has nearly completed a 1,400-mile network in Mexico. Further information is available at 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, adverse changes in the regulatory or legislative environment, and satisfactory negotiation and execution of definitive documentation. 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 to reflect the occurrence of unanticipated events. The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries. --30--jc/ny* CONTACT: Media Contact: Investor Contact: Tyler Gronbach Lee Wolfe (303) 992-2155 800-567-7296 tyler.gronbach@qwest.com IR@qwest.com KEYWORD: COLORADO INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET COMED GOVERNMENT