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August 5, 2004
John Lowber, (907) 868-5628; jlowber@gci.com Bruce Broquet, (907) 868-6660; bbroquet@gci.com
FOR IMMEDIATE RELEASE
GCI, INC. ANNOUNCES AN EXTENSION OF EXPIRATION DATE FOR EXCHANGE OFFER
ANCHORAGE, AK -- General Communication, Inc. (NASDAQ:GNCMA) today announced that its wholly owned subsidiary, GCI, Inc. ("GCI"), is extending the expiration date of the offer to exchange an aggregate principal amount of up to $250,000,000 of GCI's new 7.25 percent Senior Notes Due 2014, which have been registered under the Securities Act of 1933, for a like amount of GCI's old 7.25 percent Senior Notes Due 2014 issued in a private offering on February 17, 2004. The offer, which was scheduled to expire at 5:00 p.m., New York City time, on Thursday, August 5, 2004, is now scheduled to expire at 5:00 p.m., New York City time, on Tuesday, August 10, 2004.
As of 5:00 p.m. August 5, 2004, of the $250,000,000 principal amount of 7.25 percent Senior Notes Due 2014 outstanding, $248,850,000 had been tendered.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes.
GCI is the largest Alaska-based and operated integrated communications provider. A pioneer in bundled services, GCI provides local, wireless, and long distance telephone, cable television, Internet and data communication services. More information about the company can be found at www.gci.com.
The foregoing contains forward-looking statements regarding the company's expected results that are based on management's expectations as well as on a number of assumptions concerning future events. Actual results might differ materially from those projected in the forward-looking statements due to uncertainties and other factors, many of which are outside GCI's control. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained in GCI's cautionary statement sections of Forms 10-K and 10-Q filed with the Securities and Exchange Commission.
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