Alaska Communications Systems Group, Inc. ("ACS") (NASDAQ:ALSK), today announced continuing progress on its fiber facility project to link Alaska to the Pacific Northwest. Saturday, August 25th, will mark the launch of the project’s marine survey, beginning in Anchorage.
“This is an important milestone for our project of building a fiber link between Alaska and the Pacific Northwest,” said Liane Pelletier, ACS president, chief executive officer and chair. “This strategic investment will serve Alaska with the newest technology and a diverse route.”
The survey process begins with the exploration of routes between Anchorage and the Kenai Peninsula, progressing south towards Southeast Alaska, and concludes in the Pacific Northwest.
ACS has previously announced an anticipated commercial launch date for the fiber facility of early 2009.
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
This press release includes certain "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's beliefs as well as on a number of assumptions concerning future events made using information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance or a commitment to make any further investment other than the marine survey described above. Factors that may affect future events subject to the forward-looking statements in this press release are, without limitation, whether the company undertakes the strategic investment described above as well as the company’s ability to complete, manage, integrate, market, maintain, and attract sufficient customers to the products and services it may derive from this strategic investment. The company cannot assure you that the strategic investment, if made, will generate sufficient revenue at acceptable cost. 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 of Financial Condition and Results of Operations" in our annual report on Form 10-K for the year ended December 31, 2006, and on Form 10-Q for the quarter ended June 30, 2007. Copies of the company's SEC filings may be obtained by contacting its investor relations department at 907-564-7556 or by visiting its investor relations website at www.alsk.com.
Contacts:
Mary Gasperlin, Director,
Corporate Communications
907-297-3000
mary.gasperlin@acsalaska.com
