Award Recognizes Outstanding Work in Adding Corporate Value Through Real Estate Leadership
BROOMFIELD, COLORADO, May 11, 2000 – Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that Patrick G. Lynch, vice president of Real Estate and Facilities for the company, has received a national 2000 Corporate Real Estate Leadership Award from Site Selection magazine, a leading national publication in the real estate and development industry.
The award was presented at the International Development Research Council's New York World Congress for Corporate Real Estate Executives on April 30, 2000. Lynch was selected by the editorial staff of Site Selection for his "outstanding work in adding corporate value through real estate leadership," according to Jack Lyne, executive editor of Site Selection. "Fast growth is something most companies hope and pray for, but they're often overwhelmed if they're able to achieve it," said Lyne. "Pat Lynch has done an outstanding job in keeping Level 3 ahead of the curve. He's delivered – ahead of schedule and under budget – the design and construction of
Level 3's Broomfield, Colorado, headquarters, and he's implemented a strategy that uses the workplace as an employee recruitment tool.
The headquarters campus is strategically designed to attract and retain the demographic groups that are the heart and soul of a company like Level 3. And Pat at the same time handles Level 3's huge technical space portfolio, which is the largest among telecom firms." "The International Development Research Council is a global leader in the area of corporate real estate and development," said Kevin O'Hara, Level 3's chief operating officer. "Having them recognize the achievements of our company and specifically the dedicated individuals on our Real Estate and Facilities team is a tremendous honor. This is particularly rewarding given the early stages of our company."
"One of the primary reasons we have been recognized for this award is the unique approach we have taken to our facilities and our real estate operations," said Lynch. "This is made possible thanks to an executive management team that empowers us to make decisions and to take an entrepreneurial approach to our work environment. "This award is a 'team' award that every member of the Real Estate and Facilities team should be recognized for. I have compared my role to that of a Super Bowl winning quarterback – I get too much recognition for what others have achieved through tremendous effort and commitment."
Site Selection ran a cover story in September 1999 that featured Lynch, along with Kevin O'Hara, and the work done on the Level 3 campus headquarters in Broomfield at the Interlocken Advanced Technology Park. Lynch will be profiled in the July 2000 issue of the magazine.
About Level 3's Headquarters Site
Level 3's corporate headquarters sits on 42 acres and encompasses four independent buildings, three of which are complete with the fourth scheduled to open this summer, totaling 825,000 square feet. The first building opened in June 1999, less than a year after the initial groundbreaking. The headquarters was designed as a "campus" and not as an "office building."
The design took into consideration a range of issues, including use of space, company culture, recruiting, environmental concerns and budget considerations. When complete, the campus will house approximately 3,000 employees. Approximately 1,800 employees currently work at the complex.
(*Softswitches are advanced software based switching systems, which enable Level 3 to provide services combining the best features of the Internet and traditional telephone networks.)
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.
