Charles C. Miller III to Assume Chairman's Role
BROOMFIELD, Colo., April 17, 2003 - Level 3 Communications, Inc. (Nasdaq:LVLT) announced today that Howard Diamond has stepped down as chairman of the company's Information Services Group. He is succeeded by Charles C. "Buddy" Miller III, Level 3 vice chairman in charge of strategy, corporate development and lines of business.
Level 3 formed the Information Services Group in 2002 following its acquisitions of Software Spectrum, Inc., and CorpSoft, Inc. The combined companies, based in Dallas, distribute business software to large enterprises under the Software Spectrum name. The group also includes Level 3's (i)Structure subsidiary, which provides IT outsourcing services to enterprises throughout North America.
"Howard Diamond has provided strong leadership for us over the past year, guiding the Software Spectrum-Corporate Software integration process and positioning the combined business as one of the true leaders in the information services industry," said James Q. Crowe, Level 3's chief executive officer. "I am pleased that Howard has agreed to continue working with us in a consulting role, which will provide us with the benefit of his counsel as we move forward.
"We have asked Buddy Miller to assume the chairman's role within Information Services because of his extensive experience in both senior management and corporate strategy. We believe the Software Spectrum and Corporate Software acquisitions have already created value for our investors, and that they will deliver long-term benefits to the company as information services and communications continue to converge. Buddy's leadership will be invaluable as we seek to leverage our expanded presence in information services and take advantage of the trends that are reshaping that industry."
Miller currently serves as vice chairman of Level 3, with responsibility for strategy, corporate development and lines of business. Miller will continue with those responsibilities; in addition, he will oversee the operations of both Software Spectrum and (i)Structure. Keith Coogan, chief executive of Software Spectrum, and Mike Jones, chief executive of (i)Structure, will remain in their respective positions and report to Miller.
Miller joined Level 3 in November 2000 following 13 years at BellSouth, where he served in a variety of executive positions, including president of BellSouth International, a $4 billion operating subsidiary.
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.
