ASHBURN, May 19, 2004 - Pursuant to Section 5.07 of MCI, Inc.'s (MCIA.PK) Plan of Reorganization, the Company today announced its Board of Directors has begun a review of the Company's cash needs. The Plan obligates MCI to determine the amount of excess cash available as of the April 20, 2004 emergence date and utilize it in accordance with its Board's best business judgment to maximize shareholder value. The Board has not yet determined the amount of excess cash or its application. MCI will provide further information once the review is complete.
About MCI
MCI, Inc. (MCIA.PK) is a leading global communications provider, delivering innovative, cost-effective advanced communications connectivity to businesses, governments and consumers. With the industry's most expansive global IP backbone, based on the number of company-owned points-of-presence, and wholly-owned data networks, MCI develops the converged communications products and services that are the foundation for commerce and communications in today's markets. For more information, go to www.mci.com.
| Area: | Global |
| Name: | Peter Lucht |
| Tel: | +1-617-535-5533 |
| E-mail: | peter.lucht@verizon.com |
| Area: | Global |
| Name: | Susan Watson |
| Role: | Investor Contact |
| Tel: | (866) 642-0211 |
