OKLAHOMA CITY, Sept. 17, 2003 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today reconfirmed that, as previously announced, it is continuing to consider a public offering of its Class A common stock, subject to market conditions and other considerations, that would result in gross proceeds to Dobson Communications of as much as $150 million. The Company intends to use the net proceeds from the offering to reduce debt and preferred stock obligations, and for general corporate purposes.
Dobson also announced that it intends to offer shareholders who hold shares that may be sold pursuant to the registration statement recently declared effective by the Securities and Exchange Commission the opportunity to include a portion of their Class A shares in a possible public offering. The Company would not receive any proceeds from shares sold by these selling shareholders in an offering.
This release and the information contained herein does not constitute an offer to sell or the solicitation of an offer to purchase any shares of Class A common stock or other securities of Dobson Communications Corporation, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements.