Alaska Communications Systems President and Chief Executive Officer, Chief Financial Officer Adopt 10b5-1 Trading Programs.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 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), Alaska's leading integrated communications provider, today announced that its President and Chief Executive Officer, 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.] J. Pelletier, and Chief Financial Officer, David Wilson David Wilson may refer to:
Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce any market impact and can avoid concerns about whether they had material, non-public information when they sold their stock. Subject to specified price limitations set forth in each plan, sales under Pelletier's plan are expected to amount to an aggregate of 360,000 shares sold in monthly installments over a twelve-month period, and sales under Wilson's plan are expected to amount to an aggregate of 45,000 shares sold in monthly installments over an eighteen-month period. Appropriate securities filings reporting the sales will be made with the Securities and Exchange Commission when due. Certain other senior executives have also adopted 10b5-1 trading plans, and other officers and directors of the company may adopt Rule 10b5-1 plans in the future. 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. Forward-Looking Statements Certain statements in this press release 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. For further information regarding risks and uncertainties associated with ACS' business, please refer to the company's SEC filings, including, but not limited to, the sections entitled "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" 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, 2005 and Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2006. 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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