Burlington Coat Factory Expands Contract with Qwest Communications for Advanced Network Services; Qwest Provides Network Communications to 350 Locations Nationwide.Business Editors DENVER--(BUSINESS WIRE)--June 8, 2004 Qwest Communications
See: New York Stock Exchange : Q) today announced a new, three-year, six-million-dollar contract with Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. Warehouse Corporation, a leading national retailer. Under the expanded contract, Qwest is now providing Burlington Coat Factory with advanced communications services to 350 locations across the country. The company has been a Qwest customer since 1998. Burlington Coat Factory will use several Qwest voice and data services including domestic frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , dedicated- and switched-voice services, toll-free services, calling cards, and dedicated Internet access See how to access the Internet. (DIA). Using Qwest's frame relay and DIA services will allow Burlington Coat Factory employees to process customer orders faster and better serve its customers. Also, Qwest's toll-free and calling card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. give employees an effective tool to communicate with each other from remote locations across the country. "Qwest continues to grow business with its existing customers, like Burlington Coat Factory, through our dedication to providing industry-leading service," said Clifford S Clif·ford , Clark McAdams 1906-1998. American lawyer and politician who, as chief counsel (1946-1950) to President Harry S. Truman, influenced U.S. foreign policy. During the Vietnam War he served as U.S. secretary of defense (1968-1969). . Holtz, executive vice president of Qwest business markets group. "Now that Qwest offers end-to-end communications solutions for businesses nationwide, our customers reap the benefit of having a single provider for all their communications needs." "During the past six years the Qwest team has continually worked to provide us with the communication tools we need to help us grow our business," said Brad Friedman Brad Friedman is a US journalist, , actor, director and comedian. Friedman has a BFA from New York University's (NYU) Tisch School of the Arts. He can speak using a High British, East London, Cockney, Irish, Yiddish, German and other dialects and has special skills that include , vice president of information services See Information Systems. of Burlington Coat Factory. "We operate more than 350 locations nationwide, and Qwest gives us the end-to-end communications services we need to allow us to focus on serving our customers." About Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retail chain offering current, high-quality, designer merchandise at up to 60 percent less than other department store prices. Burlington Coat Factory stores feature outerwear, apparel, shoes, and accessories for the entire family, baby clothes, furniture, toys, home decor items, and gifts. Over 315 stores can be found in 42 states nationwide. About Qwest Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services to more than 25 million customers. The company's 46,000 employees are committed to the "Spirit of Service" 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Note This release may contain projections and other 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 us with the Securities and Exchange Commission, 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 but not limited to: access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; our substantial indebtedness, and our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the SEC's current investigation into our accounting policies, practices and procedures and certain transactions; any adverse outcome of the current investigation by the U.S. Attorney's office in Denver into certain matters relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc us; adverse results of increased review and scrutiny by Congress, regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities , media and others (including any internal analyses) of financial reporting issues and practices or otherwise; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. , including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete including the likelihood of certain of our competitors emerging from bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. protection or otherwise reorganizing their capital structure and competing effectively against us; changes in demand for our products and services; acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels; higher than anticipated employee levels, capital expenditures and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. ; adverse changes in the regulatory or legislative environment affecting our business; and changes in the outcome of future events from the assumed outcome included in our significant accounting policies. The information contained in this release is a statement of Qwest's present intention, belief or expectation and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and Qwest's assumptions. Qwest may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in Qwest's assumptions or otherwise. The cautionary statements contained or referred to in this release should be considered in connection with any subsequent written or oral forward-looking statements that Qwest or persons acting on its behalf may issue. This release may include analysts' estimates and other information prepared by third parties for which Qwest assumes no responsibility. 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 or to reflect the occurrence of unanticipated events. By including any information in this release, Qwest does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material. The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries. |
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