NOVEMBER
25, 2008
John Lowber (907)
868-5628; jlowber@gci.com
Bruce Broquet (907)
868-6660; bbroquet@gci.com
Curtiss Clifton
(907) 868-6994; cclifton@gci.com
FOR
IMMEDIATE RELEASE
GCI RECEIVES NON-COMPLIANCE
NOTICE FROM NASDAQ
ANCHORAGE, Alaska
- -- General Communication, Inc. ("GCI") (Nasdaq: GNCMA) announced that it
received a Staff Determination Letter from Nasdaq on November 19, 2008
indicating that GCI is not in compliance with Nasdaq Marketplace Rule
4310(c)(14), which requires the company to file all required reports with the
Securities and Exchange Commission within the required time periods, because GCI
has not timely filed with Nasdaq its Quarterly Report on Form 10-Q for the
period ended September 30, 2008 (the "Form 10-Q").
GCI filed its
Quarterly Report on Form 10-Q for the period ended September 30, 2008, on
November 21, 2008, and has regained compliance with Nasdaq Marketplace Rule
4310(c)(14).
GCI is the largest
telecommunications company in Alaska. The company’s cable plant, which
provides voice, video, and broadband data services, passes 90 percent of Alaska
households. GCI operates Alaska’s most extensive terrestrial/subsea fiber
optic network, which by the end of 2008, will connect not only Anchorage but
also Fairbanks, and Juneau/Southeast to the lower 48 states with a diversely
routed, protected fiber network. The company’s satellite network provides
communications services to small towns and villages throughout rural
Alaska. GCI is now in the process of constructing Alaska’s first truly
statewide mobile wireless network, which will seamlessly link urban and rural
Alaska for the first time in the state’s history.
A pioneer in
bundled services, GCI is the top provider of voice, data, and video services to
Alaska consumers with a 70 percent share of the consumer broadband market.
GCI is also the leading provider of communications services to enterprise
customers, particularly large enterprise customers with complex data networking
needs. More information about the company can be found at
www.gci.com.