Uses Level 3's Internet Services to Enhance the Efficiency of its Organizational Operations
SAO PAULO, March 13, 2014 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has signed an agreement with Cinemark Brazil, one of the largest cinema networks in the world. Level 3 is enhancing the efficiency of Cinemark's communications systems by providing the company with Internet services in Sao Paulo to support connectivity to its VPN (virtual private network) of 64 movie theater complexes, which are distributed throughout 36 Brazilian cities.
"Level 3's high-quality network connectivity and communications services allow us to provide each of our Cinemark locations with a faster Internet connection to increase overall productivity," said Vinicius Capretz, IT infrastructure coordinator for Cinemark Brazil. "Level 3's broad service capabilities bring the continued value we need to be able to support the future expansion of our business."
"Level 3´s scalable, efficient and reliable IP network can provide our customers with fast and dedicated global access to business systems and applications," said Marcos Malfatti, senior vice president of Sales for Level 3 in Brazil. "Level 3's advanced Internet backbone provides Cinemark with a seamless experience, whether uploading or downloading information between its theaters, as well as the added assurance of dedicated network security, management and 24/7 technical support to help the future growth of its business."
For more information on Level 3's advanced network and service offerings, visit www.level3.com.
About Cinemark Brazil Network
A leader in the entertainment industry, Cinemark Network represents around 30 percent of the Brazilian cinema market and is larger than its three main competitors combined, with 508 movie theaters in 64 complexes distributed in 16 states and the Federal District: Mato Grosso do Sul, Mato Grosso, Minas Gerais, Parana, Rio de Janeiro, Rio Grande do Sul, Rio Grande do Norte, Sao Paulo, Sergipe, Goias, Santa Catarina, Espirito Santo, Bahia, Amazonas, Tocantins and Pernambuco. The first 3D movie theater in South America, located in Shopping Eldorado in Sao Paulo, belongs to the Cinemark Network, , and meets the same standards as the leading American studios. Currently, the Network operates 214 theaters in Brazil with 3D digital technology. Recently, Cinemark brought a new technology, Extreme Digital Cinema XD – to their theaters, an advancement that uses bigger screens and even more powerful sound, merging the most modern 2D and 3D technologies. XD theaters are already present in 23 complexes. In order to enjoy Cinemark theaters in any of the Network's complexes, viewers can buy their tickets online. They can also count on Cinemark's mobile platform, which has several applications to check show times and is available for Android, iPhone, and Blackberry
About Level 3 Communications
Level 3 Communications, Inc. (NYSE:LVLT) is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 serves customers in more than 500 markets in over 60 countries across a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities. For more information, please visit www.level3.com or get to know us on Twitter, Facebook and LinkedIn.
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://investors.level3.com/investor-relations/default.aspx. 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's SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.
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.
The information contained under the caption "About Cinemark" has been provided by Cinemark, which is solely responsible for its content.
Some statements made in this press release are forward-looking in nature and 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. Important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the company's ability to: manage risks associated with continued uncertainty in the global economy; increase revenue from its services to realize its targets for financial and operating performance; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; manage the future expansion or adaptation of its network to remain competitive; defend intellectual property and proprietary rights; manage continued or accelerated decreases in market pricing for communications services; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its 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.
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SOURCE Level 3 Communications, Inc.