Press Release Source: Alamosa Holdings, Inc.
Alamosa Announces Approval for Listing on Nasdaq National Market; Returns to Trading Symbol "APCS"
Friday March 12, 11:54 am ET
LUBBOCK, Texas, March 12 /PRNewswire-FirstCall/ -- Alamosa Holdings, Inc. (OTC Bulletin Board: ALMO - News), the largest (based on number of subscribers) PCS Affiliate of Sprint (NYSE: FON; PCS), which operates the largest all-digital, all-CDMA Third-Generation (3G) wireless network in the United States, today announced that Alamosa's application for listing its common stock on the Nasdaq National Market has been approved. Alamosa common stock is scheduled to begin trading on Monday, March 15, 2004, under the ticker symbol "APCS," subject to the Company maintaining a $5 minimum bid.
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"Our anticipated return to the Nasdaq National Market, where we first began trading after our initial public offering (IPO) in 2000, provides Alamosa with greater recognition in the investor community," stated David E. Sharbutt, Chairman and CEO of Alamosa Holdings, Inc. "Our new listing should offer our company and its shareholders many advantages of a broader market including: liquidity to our shareholders, increased visibility on our operating performance and inclusion among the list of many leading companies that currently trade on the Nasdaq National Market," Mr. Sharbutt concluded.
ABOUT ALAMOSA
Alamosa Holdings, Inc. is the largest PCS Affiliate of Sprint based on number of subscribers. Alamosa has the exclusive right to provide digital wireless mobile communications network services under the Sprint brand name throughout its designated territory located in Texas, New Mexico, Oklahoma, Arizona, Colorado, Utah, Wisconsin, Minnesota, Missouri, Washington, Oregon, Arkansas, Kansas, Illinois and California. Alamosa's territory includes licensed population of 15.8 million residents.
FORWARD LOOKING STATEMENTS
Statements contained in this news release that are forward-looking statements, such as statements containing terms such as can, may, will, expect, plan, and similar terms, are subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe- harbor" provisions of the private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Alamosa's forward-looking statements, including the following factors: Alamosa's dependence on its affiliation with Sprint; shifts in populations or network focus; changes or advances in technology; changes in Sprint's national service plans or fee structure with us; change in population; difficulties in network construction; increased competition in our markets; adverse changes in financial position, condition or results of operations. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from Alamosa's forward- looking statements, please refer to Alamosa's filings with the Securities and Exchange Commission, especially in the "risk factors" sections of Alamosa's Annual Report on Form 10-K for the year ended December 31, 2002 and in
subsequent filings with the Securities and Exchange Commission. Investors and
analysts should not place undue reliance on forward-looking statements.