Press Release
D&E COMMUNICATIONS, INC. FOR IMMEDIATE RELEASE November 12, 2004 | NEWS RELEASE CONTACT PERSON: |
EPHRATA, PA -- For the second consecutive year, the Central Penn Business Journal has ranked D&E Communications, Inc. second on a list of the region's 50 fastest-growing companies.
D&E is an integrated communications provider serving central and eastern Pennsylvania. The company employs approximately 725 people, with its primary offices in Ephrata, Brownstown, Birdsboro, Mechanicsburg, Lewisburg, State College and King of Prussia. This was D&E's fifth consecutive appearance on the annual list of rapidly growing companies.
The Central Penn Business Journal's ranking of nominated companies is determined based on dollar and percentage growth in revenues over a three-year period. The rankings are determined by Seligman, Friedman & Company, P.C. Certified Public Accountants & Consultants. The Top 50 Fastest Growing Companies list was published in the October 29 issue of the business journal.
D&E's annual revenue grew from $76 million in 2001 to $173 million in 2003, an increase of 128 percent. The company's revenue growth was fueled by its May 2002 acquisition of Conestoga Enterprises, a telecommunications company based in Berks County. D&E Chairman, President and Chief Executive Officer G. William Ruhl accepted the company's award on behalf of employees at the recent awards breakfast.
D&E provides telecommunication services to more than 175,000 lines in central and eastern Pennsylvania. Founded in 1911 and based in Lancaster County, D&E is the nation's 19th-largest independent telephone company and also offers long distance, Internet and voice and data network systems integration services. The Technology Council of Central Pennsylvania named D&E as its 2002 Technology Company of the Year. The company's stock trades on Nasdaq as DECC. For more information, visit www.decommunications.com.
This press release may contain forward-looking statements. These statements are based upon the current beliefs and expectations of D&E's management concerning the development of our business, are not guarantees of future performance and involve a number of risks, uncertainties, and other important factors that could cause actual developments and results to differ materially from our expectations. These include factors that we have indicated could adversely affect our business and financial performance contained in our past and future filings and reports, including those filed with the United States Securities and Exchange Commission. D&E undertakes no obligation to revise or update its forward-looking statements whether as a result of new information, future events, or otherwise.