We are thrilled to have Ned join our Board. Ned's extensive telecommunications experience and reputation as a change agent will serve ACS well. He has demonstrated operational and financial strengths in multiple industries, including in the Internet market, a very important growth area of the telecommunications industry.

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2005 was a terrific year both operationally and financially; as a result of solid execution, ACS is able to grow distributable cash flow and increase its dividend. In 2005, we exceeded our growth objectives for revenues and EBITDA: compared to 2004, revenues grew 8.0 percent and EBITDA rose 23.3 percent.

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