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Alaska Communications Systems Announces Dividend Reinvestment and Direct Stock Purchase Plan.


ANCHORAGE, Alaska -- 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:ALSK) today announced a Dividend Reinvestment and Direct Stock Purchase Plan ("The Plan") allowing existing stockholders to increase their holdings of ACS common stock by automatically reinvesting all or a portion of their cash dividends or by making optional cash contributions to purchase additional shares of ACS common stock. The Plan will also provide new investors an opportunity to make an initial direct investment in ACS common stock. E[acute accent]"A dividend reinvestment plan Dividend Reinvestment Plan (DRP)

Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price.
 is a convenient and cost-effective way for our stockholders to reinvest the dividends they earn on their ACS common stock each quarter at no cost through our company-sponsored program," said 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.

E[acute accent]Enrollment Information

E[acute accent]The Plan is administered by ACS' transfer agent, Mellon Investor Services LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. Enrollment is available on-line through the ACS web site at www.alsk.com or by completing an enrollment form and returning it to: Mellon Bank, N.A., c/o Mellon Investor Services, P.O. Box 3338, South Hackensack, NJ 07606-1938. E[acute accent]For more information, stockholders and new investors may also contact Mellon Investor Services LLC customer service toll-free within the United States and Canada at 1-877-870-2426, or from outside the United States or Canada at 1-201-329-8660. E[acute accent]This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

E[acute accent]About Alaska Communications Systems

E[acute accent]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 its investor site at www.alsk.com.

E[acute accent]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

E[acute accent]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, 2004 and other filings with the SEC, including under headings such as "Risk factors" and "Management's discussion and analysis Management's discussion and analysis (MD&A)

A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial
 of financial condition and results of operations." 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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Publication:Business Wire
Geographic Code:1USA
Date:Apr 4, 2005
Words:544
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