CLINTON, Miss., July 25, 2002 – WorldCom, Inc. (Nasdaq: WCOEQ, MCWEQ) today responded to a Wall Street Journal report claiming that the U.S. Department of Justice is considering indicting the company for fraud.
The following statement should be attributed to Brad Burns, WorldCom spokesperson:
"WorldCom disclosed the accounting entries leading to the announced restatement promptly upon discovery and since that time the company has been cooperating fully with all federal and state law enforcement authorities. We have been advised that those authorities are satisfied with WorldCom's cooperation to date. Also, we have not been informed by any law enforcement authority that it presently intends to seek an indictment against the company."
About WorldCom, Inc.
WorldCom, Inc. (NASDAQ: WCOEQ, MCWEQ) is a pre-eminent global Communications provider for the digital generation, operating in more than 65 countries. With one of the most expansive, wholly-owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today's market. In April 2002, WorldCom launched The Neighborhood built by MCI - the industry's first truly any-distance, all-inclusive local and long-distance offering to consumers. For more information, go to http://www.worldcom.com.
| Area: | United States |
| Name: | Scott Hamilton |
| Role: | WorldCom Investors |
| Tel: | 877-624-9266 |
| E-mail: | investor@wcom.com |
| Area: | United States |
| Name: | News Bureau |
| Role: | Media Relations |
| Tel: | (+1) 703-341-4995 |
