Name Change Reflects Changing Business Focus
BROOMFIELD, Colo., May 17, 2000 – PKS Information Services, Inc. (PKSIS) announced today that it has changed its name to (i)StructureSM, Inc. The new name reflects the current business focus of the company as an infrastructure enabler for small and medium sized e-business customers, which compliments the organization's traditional outsourcing and applications services.
The name change will not affect current company headquarters, facility locations, or personnel. The company is a subsidiary of Level 3 Communications, Inc. (Nasdaq:LVLT) and will continue to operate independently from the core Level 3 operations. "The name change represents a milestone in our long-term planning for this organization," said Jimmy Byrd, CEO of (i)Structure. "We saw a need in the marketplace for high quality, low cost managed infrastructure services. We plan for continuous upgrades to industry leading hardware and software in our technology centers and to focus the efforts of our dedicated team of people. With this new focus, plus the ability to access the advanced Level 3 Network, we believe (i)Structure is poised to disrupt the marketplace and provide best-in-class infrastructure service."
(i)Structure has a long-standing infrastructure services business and has expanded its services to meet the needs of the new Internet companies. The company delivers network management services, computing operations, storage, database and systems management, which are required by e-businesses today. These services, when connected to the Level 3 Network, the first international, upgradable fiber network optimized for the Internet Protocol technology end-to-end, will allow (i)Structure to cost-effectively provide its customers with significant increases in connectivity, performance, scalability and reliability.
Simultaneous with the name change, the company has launched a new Internet site at i-structure.com, which provides detailed information on all of the company's services The new Internet site includes i-View Magazine that will be published quarterly and provide information on the company's current activities.
About (i)Structure
(i)Structure, a subsidiary of Level 3 Communications, Inc., is an Application Infrastructure Provider. Its Technology Centers are connected directly to the Level 3 Internet Protocol network and include hardware, software and data communications equipment.. (i)Structure enables business to outsource costly Information Technology (IT) operations and benefit from reliability, security, higher quality, lower cost, and managed services that scale to meet changing needs. For more information and a complete list of services, visit www.i-structure.com.
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.
