OMAHA, NEBRASKA, March 25, 1999 – Level 3 Communications, Inc. (Nasdaq: LVLT) announced today that Ronald J. Vidal, Senior Vice President, New Ventures, will assume senior management responsibility for the company's investor relations team. Julie Stangl, Vice President of Investor Relations, will report directly to Mr. Vidal and continue her role as the company's primary contact for investors.
"Given the pace of change in our industry, we believe it is necessary to dedicate a senior technical executive to our investor relations efforts," said James Q. Crowe, President and CEO of Level 3. "Our investors want information on the technical as well as the financial aspects of the company's development, and we believe that straight-forward, plain English communications with our shareholder base is a top priority."
"Ron has worked with me since 1985, at Kiewit, MFS Communications, WorldCom and now at Level 3," said Mr. Crowe. "He has a broad range of experience in virtually all aspects of our business, having planned, engineered, and built networks, having sold our services, and having been involved in our regulatory, capital raising and M&A activities. In addition to bringing his expertise to our investor relations effort, Ron will continue to scout new technologies as our liaison with the technical and venture capital communities."
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT), an international communications company, operates one of the largest Internet backbones in the world, connecting 180 markets in 18 countries. The company serves a broad range of wholesale, enterprise and content customers with a comprehensive suite of services including: Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice and voice over IP services, content delivery and media distribution services. These services provide the building blocks to enable Level 3’s customers to meet their growing demands for advanced communications solutions. The company’s Web address is www.Level3.com.
"Level 3 Communications,” "Level 3," the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein may be trademarks or service marks of their respective owners.
Forward-Looking Statement
Some of the statements that we make in this press release are forward looking in nature. These statements are based on management’s current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside our control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent us from achieving our stated goals include, but are not limited to our ability to: successfully integrate acquisitions; increase the volume of traffic on our network; defend our intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of our debt obligations. 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 press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
