BROOMFIELD, Colo.,Feb. 28, 2012/PRNewswire/ — Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that fashion retailer Stein Mart, Inc. (NASDAQ: SMRT) will implement Level 3’s Smart WAN Solution to support critical business applications used by the company’s 262 department stores throughout the U.S.
Stein Mart will use Level 3’s Smart WAN Solution to more efficiently and reliably access frequently used business applications, such as revenue reporting, data analytics, and inventory tracking, by connecting its store and data facilities over a single network.
“Delivering a positive experience to Stein Mart customers depends on how successfully we can execute on important functions like throughput at Point of Sale, sales monitoring and inventory management, but without the right network solution, that can be a challenge,” said Andrew Black, vice president and CIO. “We found the right provider in Level 3 because they understand how crucial it is for us to meet the demands and expectations of our customers, and they demonstrated this by delivering valuable expertise and the right network solution that will enable us to improve productivity and bolster overall performance.”
“Business productivity and customer service are essential for successful retail companies, and as retailers look to new business applications to modernize, optimize and grow their businesses, they need a network provider to support their evolving bandwidth and network services needs,” said Andrew Crouch, regional president of North America Sales for Level 3. “With the reliability and scalability of Level 3’s network services, Stein Mart will be able to enhance the efficiency of their communications and operations so they can serve their customers even more effectively.”
According to survey findings produced by industry research firm IDC, the number one driver of network spending by enterprises is improving the performance and availability of business-critical applications by implementing a scalable and reliable WAN solution.(1)
With network presence in more than 45 countries, Level 3 provides service over 165,000 intercity, metro and subsea fiber route miles that provide a depth of connectivity on a broad scale.
For more information on Level 3’s advanced network and service offerings, visit www.level3.com.
(1) IDC,WAN Manager Survey2010: EMEA Attitudes Versus U.S. Attitudes, doc #PM01T,January 2011.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a premier global provider of IP-based communications services to enterprise, content, government and wholesale customers. Over its reliable, scalable and secure network, Level 3 delivers integrated IP solutions, including converged, data, voice, video and managed solutions to help enable customers’ growth and efficiency. Level 3 operates a unique global services platform anchored by owned fiber networks on three continents in more than 45 countries, connected by extensive undersea facilities. For more information, visit www.level3.com.
©Level 3 Communications, LLC. All Rights Reserved. Level 3,Level 3 Communications, Level (3), Think Ahead, the Level 3 Logo and the Level 3 Think Ahead logo are either registered service marks or service marks ofLevel 3 Communications, LLC and/or one of its Affiliates inthe United Statesand/or other countries. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries ofLevel 3 Communications, Inc.
Website Access to Company Information
Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http://lvlt.client.shareholder.com/. Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.
Visitors to the Investors Relations web pages can view and print copies of Level 3’sSECfilings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with theSEC.
Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3’s Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.
Please note that the information contained on any of Level 3’s web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
Forward-Looking Statement
Some of the statements made 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 Level 3’s control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to: the company’s ability to successfully integrate the Global Crossing acquisition, the current uncertainty in the global financial markets and the global economy; a discontinuation of the development and expansion of the Internet as a communications medium and marketplace for the distribution and consumption of data and video; and disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing. Additional factors include, but are not limited to, the company’s ability to: increase and maintain the volume of traffic on its network; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; successfully integrate future acquisitions; and meet all of the terms and conditions of 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.
| Contact Information | |
| Media: | Investors: |
| Kate Rankin | Mark Stoutenberg |
| 973 937-0417 | 720-888-2518 |
| Kathleen.Rankin@level3.com | Mark.Stoutenberg@Level3.com |
SOURCELevel 3 Communications, Inc.
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