The Pomerantz Firm Reminds Investors of Level 3 Communications, Inc. (LVLT) of Upcoming...

The Pomerantz Firm Reminds Investors of Level 3 Communications, Inc. (LVLT) of
Upcoming Deadline

NEW YORK, March 24, 2009 (GLOBE NEWSWIRE) -- Pomerantz Haudek Block Grossman &
Gross LLP (www.pomerantzlaw.com) ("Pomerantz") reminds investors of Level 3
Communications, Inc. ("Level 3" or the "Company") (Nasdaq:LVLT) that April 6,
2009 is the deadline to ask the Court to appoint you as Lead Plaintiff in the
class action. Pomerantz filed a class action lawsuit in the United States
District Court for the District of Colorado (1:09-cv-00296-MSK), against the
Company and certain officers of the company for violations of Sections 10(b) and
20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated
thereunder. The class action was filed on behalf of purchasers of the securities
of the Company between October 24, 2006 and October 23, 2007 (the "Class
Period").

Level 3 engages in the communications business in North America and Europe. Its
network and internet services include transport services, high speed internet
protocol services, dedicated internet access, virtual private network services,
collocation services, and dark fiber services. The Complaint alleges that
throughout the Class Period, Defendants failed to disclose material adverse
facts about the Company's business and operations.

According to the complaint, the true facts, which were known by the defendants
but concealed from the investing public during the Class Period, were as
follows: (1) that the Company's efforts to integrate the numerous acquired
companies were not going well; (2) that, specifically, the Company was
experiencing an increase in service activation times, which was negatively
impacting the Company's service installation intervals and the rate of its
revenue growth; (3) that the Company was also experiencing challenges in its
service management processes that were resulting in longer response times to
resolve customer's network service issues; (4) that steps taken by the Company
to remedy the problems were not working and actually, further complicating the
issues and making them worse; (5) that, as a result, the Company did not have
adequate provisioning capability to convert its increasing sales, or signed
orders, into revenue generating service; (6) that the Company lacked adequate
internal controls; and (7) that, as a result of the above, the statements made
by the Defendants during the Class Period lacked a reasonable basis.

As a result of Defendants wrongful acts and omissions, and the precipitous
decline in the market value of the Company's securities, Class Members have
suffered significant losses and damages.

If you wish to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Teresa L. Webb (tlwebb@pomlaw.com) of the
Pomerantz Firm at 888.476.6529 (or 888.4-POMLAW), toll free. Those who inquire
by e-mail are encouraged to include their mailing address and telephone number.

The Pomerantz Firm, which has offices in New York, Chicago, Washington, D.C.,
Columbus, Ohio and the San Francisco Bay area, is acknowledged as one of the
premier firms in the areas of corporate, securities, and antitrust class
litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 70 years later, the Pomerantz Firm continues in the
tradition he established, fighting for the rights of the victims of securities
fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of class
members.

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CONTACT: Pomerantz Haudek Block Grossman & Gross LLP
Teresa Webb
(888) 476.6529
(888) 4.POMLAW
tlwebb@pomlaw.com