This website includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ACS intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in these provisions. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including statements about anticipated future operating and financial performance, financial position and liquidity, growth opportunities and growth rates, pricing plans, acquisition and divestiture opportunities, business prospects, strategic alternatives, business strategies, regulatory and competitive outlook, investment and expenditure plans, financing needs and availability and other similar forecasts and statements of expectation and statements of assumptions underlying any of the foregoing. Words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “seeks,” “should” and variations of these words and similar expressions are intended to identify these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from ACS’ historical experience and present expectations or projections. Forward-looking statements made by ACS are based on estimates, projections, beliefs and assumptions of management and are not guarantees of future performance. Actual future performance, outcomes, and results may differ materially from those expressed in forward-looking statements made by ACS as a result of a number of important factors. Examples of these factors include (without limitation):
- rapid technological developments and changes in the telecommunications industries;
- our competitive environment;
- ongoing deregulation (and the resulting likelihood of significantly increased price and product/service competition) in the telecommunications industry as a result of the Telecommunications Act of 1996, or the Telecommunications Act, and other similar federal and state legislation and the federal and state rules and regulations enacted pursuant to that legislation;
- changes in revenue from Universal Service Funds;
- changes in revenue resulting from regulatory actions affecting intercarrier compensation;
- regulatory limitations on our ability to change our pricing for communications services;
- possible widespread or lengthy failures of our system or network cables, particularly our non-redundant systems, including our primary fiber-link connecting Alaska and the lower 48-states, which would cause significant delays or interruptions of service and loss of customers;
- other unanticipated damage to one or more of our high capacity cables resulting from construction or digging mishaps or natural disasters;
- the possible future unavailability of Statement of Financial Accounting Standards, or SFAS, No. 71, Accounting for the Effects of Certain Types of Regulation, to our wireline subsidiaries;
- our ability to bundle our products and services;
- changes in the demand for our products and services;
- changes in general industry and market conditions and growth rates;
- changes in interest rates or other general national, regional or local economic conditions;
- governmental and public policy changes;
- our ability to generate sufficient earnings and cash flows to continue to make dividend payments to our stockholders;
- the continued availability of financing in the amounts, at the terms, and subject to the conditions necessary to support our future business;
- the success of any future acquisitions; and
- changes in accounting policies or practices adopted voluntarily or as required by accounting principles generally accepted in the United States.
In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements made on this website. Additional risks that we may currently deem immaterial or that are not currently known to us could also cause the forward-looking events discussed in this website not to occur as described. You may find a description of these risks in our current and periodic reports filed with the Securities and Exchange Commission (and available on this website) on Form 8-K, 10-Q, and 10-K, including under the headings, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Except as otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.