24.08.2005 20:05:00
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Qwest Communications Names Patrick J. Martin to Its Board of Directors
"We're pleased to have Patrick join Qwest's board of directors.His extensive background and knowledge will be an asset to the boardand to the company as we continue to build long-term profitability andincreased shareholder value," said Richard C. Notebaert, chairman andCEO of Qwest.
Martin is chairman, president and CEO of Storage TechnologyCorporation -- also known as StorageTek -- a leading maker of storagedevices and software that help businesses and government agenciesstore and manage large amounts of data. Prior to assuming his post atStorageTek in 2000, Martin was president of Xerox's North AmericanSolutions Group, the company's largest marketing organization.
Martin's appointment brings the number of directors serving onQwest's board to 10.
"I'm happy to have the opportunity to join such a strong group asthe Qwest board," said Martin. "I look forward to contributing to itsmission of delivering long-term value to Qwest investors."
About Qwest
Qwest Communications International Inc. (NYSE:Q) is a leadingprovider of high-speed Internet, data, video and voice services. Withapproximately 40,000 employees, Qwest is committed to the "Spirit ofService" and providing world-class services that exceed customers'expectations for quality, value and reliability. For more information,please visit the Qwest Web site at www.qwest.com.
Forward-Looking Statement Note
This release may contain projections and other forward-lookingstatements that involve risks and uncertainties. These statements maydiffer materially from actual future events or results. Readers arereferred to the documents filed by us with the Securities and ExchangeCommission, specifically the most recent reports which identifyimportant risk factors that could cause actual results to differ fromthose contained in the forward-looking statements, including but notlimited to: access line losses due to increased competition, includingfrom technology substitution of our access lines with wireless andcable alternatives; our substantial indebtedness, and our inability tocomplete any efforts to de-lever our balance sheet through asset salesor other transactions; any adverse outcome of the currentinvestigation by the U.S. Attorney's office in Denver into certainmatters relating to us; adverse results of increased review andscrutiny by regulatory authorities, media and others (including anyinternal analyses) of financial reporting issues and practices orotherwise; rapid and significant changes in technology and markets;any adverse developments in commercial disputes or legal proceedings,including any adverse outcome of current or future legal proceedingsrelated to matters that are the subject of governmentalinvestigations, and, to the extent not covered by insurance, if any,our inability to satisfy any resulting obligations from fundsavailable to us, if any; potential fluctuations in quarterly results;volatility of our stock price; intense competition in the markets inwhich we compete including the likelihood of certain of ourcompetitors consolidating with other providers or otherwisereorganizing their capital structure to more effectively competeagainst us; changes in demand for our products and services;acceleration of the deployment of advanced new services, such asbroadband data, wireless and video services, which could requiresubstantial expenditure of financial and other resources in excess ofcontemplated levels; higher than anticipated employee levels, capitalexpenditures and operating expenses; adverse changes in the regulatoryor legislative environment affecting our business; changes in theoutcome of future events from the assumed outcome included in oursignificant accounting policies; and our ability to utilize netoperating losses in projected amounts.
The information contained in this release is a statement ofQwest's present intention, belief or expectation and is based upon,among other things, the existing regulatory environment, industryconditions, market conditions and prices, the economy in general andQwest's assumptions. Qwest may change its intention, belief orexpectation, at any time and without notice, based upon any changes insuch factors, in Qwest's assumptions or otherwise. The cautionarystatements contained or referred to in this release should beconsidered in connection with any subsequent written or oralforward-looking statements that Qwest or persons acting on its behalfmay issue. This release may include analysts' estimates and otherinformation prepared by third parties for which Qwest assumes noresponsibility.
Qwest undertakes no obligation to review or confirm analysts'expectations or estimates or to release publicly any revisions to anyforward-looking statements and other statements to reflect events orcircumstances after the date hereof or to reflect the occurrence ofunanticipated events.
By including any information in this release, Qwest does notnecessarily acknowledge that disclosure of such information isrequired by applicable law or that the information is material.
The Qwest logo is a registered trademark of Qwest CommunicationsInternational Inc. in the U.S. and certain other countries.
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