Alaska Communications Systems Announces Results of Annual Shareholder Meeting; Stockholders Elect Eight Directors to the Board, Including New Director John W. Gibson.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) announced today the results of its annual meeting of stockholders held July 25 in Anchorage. ACS stockholders re-elected seven incumbent directors and elected John W. Gibson, who replaces departing director Saul Fox. The total number of directors is now eight and previously it was ten. Two additional incumbent directors did not stand for re-election. Five of the eight directors are considered independent. All directors will serve one-year terms expiring at the annual meeting of stockholders in 2006. "John is a welcome addition to our board," 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. "He has over 25 years of experience leading organizations in the worldwide energy industry and brings impressive strategic business planning and execution expertise to the board. We look forward to his contributions as ACS fulfills its mission to provide the highest quality telecommunications services in the state." Mr. Gibson presently serves as executive managing director for Fox Paine & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Previously, he served as president and chief executive officer for two years at Halliburton Energy Services Group and was president for one year and chief executive for eight years at Halliburton's Landmark Graphics Corporation Landmark Graphics Corporation was created in Houston in 1982 by John Mouton, Andy Hildebrand, H. Roice Nelson, and Bob Limbaugh, to develop the first system for interpreting 3D data from seismic surveys for the oil and gas industry. . While president, Gibson managed all of Halliburton's energy-related operations and substantially restructured Halliburton's worldwide operations. At Landmark Graphics, he executed an aggressive growth strategy and integrated multiple corporate and product line acquisitions, establishing the company as the global leader in providing geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge software tools and enterprise solutions to the energy industry. Mr. Gibson earned a B.S. in Geology from the Auburn University and an M.S. in Geology from the University of Houston. 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 its 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, 2004, 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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