Alaska Communications Initiates Dividend Program; Withdraws IDS Filing with the SEC.ANCHORAGE, Ala. -- Alaska Communications Systems This article is about the current telecommunications company. For the historical "Alaska Communications System", see AT&T Alascom. Alaska Communications Systems, (or ACS) is a telecommunications corporation, headquartered in Anchorage, Alaska. Group, Inc. ("ACS (Asynchronous Communications Server) See network access server. ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALSK) today announced its board of directors approved the initiation of a quarterly cash dividend and the withdrawal of its registration statements previously filed with the Securities and Exchange Commission (SEC) for an initial public offering of Income Deposit Securities (IDS). The company initiated its first cash dividend at an annual rate of $0.74 per share payable quarterly. The first quarterly cash dividend of $0.185 per share is payable on January 19, 2005 to stockholders of record at the close of business on December 31, 2004. In a separate press release today, ACS announced its third quarter results. In a conference call at 5:00 pm ET today management will review the results and the dividend program. "ACS is dedicated to customers and shareholders," stated Liane li·an·a also li·ane n. Any of various climbing, woody, usually tropical vines. [Alteration of French liane, probably from lier, to bind, from Old French; see liable.] Pelletier, ACS president and chief executive officer. "After reorganizing the company operations to focus on customers, we began evaluating capital markets options that enable us to reward shareholders while we continue to grow and invest in Alaska. We have determined a traditional ongoing, annual dividend program would emphasize the cash flow characteristics of the business and increase ACS visibility among investors, while enjoying greater flexibility and simplicity than the proposed IDS." David Wilson David Wilson may refer to:
Conference Call The company will host a conference call and live webcast today at 5:00 p.m. Eastern Time to discuss third quarter results and the initiation of the dividend program. For parties in the United States and Canada, call 800-366-3908 to access the earnings call. International parties can access the call at 303-262-2130. The live webcast of the conference call, accessible from the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " section of the company's website www.alsk.com. The webcast will be archived for a period of 90 days. A telephonic replay of the conference call will also be available 2 hours after the call and will run until Saturday, October 30, 2004 at 12 midnight ET. To hear the replay, parties in the United States and Canada should call 800-405-2236 and enter pass code 11011345. International parties should call 303-590-3000 and enter pass code 11011345. About Alaska Communications Systems ACS is the leading integrated communications provider in Alaska, offering local telephone service, wireless, long distance, data, and Internet services to business and residential customers throughout Alaska. More information can be found on the Company's website at www.acsalaska.com or at our investor site at www.alsk.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements about future results and other expectations constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations and the current economic environment. The company cautions that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. A number of factors in addition to those discussed herein could cause actual results to differ materially from expectations. The company's financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against is affected by business and economic conditions and changes in customer order patterns. Any projections are inherently subject to significant economic and competitive uncertainties and contingencies, many of which are beyond the control of ACS. Important assumptions and other important factors, including risk factors, which could cause actual results to differ materially from those in the forward-looking statements, are specified in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2003 and other filings with the SEC. The company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise. |
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