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COMMONWEALTH
TELEPHONE ENTERPRISES, INC.
(Name
of
Registrant as Specified In Its Charter)
CITIZENS
COMMUNICATIONS COMPANY
(Name
of
Person(s) Filing Proxy Statement, if other than the Registrant)
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On
January 12, 2007, Citizens Communications Company issued a press release. A
copy
of the press release is included below.
*****************
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Citizens
Communications
3
High Ridge Park
Stamford,
CT 06905
203.614.5600
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Web
site:
www.czn.net
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FOR
IMMEDIATE RELEASE
Contact:
Brigid
Smith
203.614.5042
bsmith@czn.com
Citizens
Communications Named to “Forbes Platinum 400”
Company
named one of America’s 400 Best Big Businesses
Stamford,
Conn., Jan. 12, 2007 - Citizens Communications
Company (NYSE: CZN), the parent company of Frontier Communications, has been
included as one of the “400 Best Big Companies in America” by Forbes.
The magazine annually selects the best of the biggest publicly-traded companies
in America, across 26 industry groups, for its Platinum 400 list. The selection
process includes a thorough review of financial metrics, Wall Street forecasts,
corporate governance ratings, and other public information. The list appears
in
the Jan. 8, 2007 issue of Forbes and can be found on
http://www.forbes.com/lists.
According
to Forbes,
more
than 1,000 corporations with $1 billion or more in revenues were screened in
a
selection process that included metrics such as latest 12-month and five-year
stock market returns, sales and earnings-per-share growth and debt-to-capital
ratios. Forbes
used
Thomson IBES consensus
forecasts
for long-term earnings growth; accounting and governance scores came from
Audit
Integrity of New York and Los Angeles.
"We
are
very pleased by the inclusion of our company in this exclusive list," said
Maggie Wilderotter, Chairman and CEO. "The acknowledgement is especially
important because it encompasses accounting and governance scores. Forbes’
inclusion of Citizens proves that our focus on how we do business is vitally
important to bottom-line results."
About
Citizens Communications Company
Citizens
Communications Company (NYSE: CZN) is a full-service communications provider
and
one of the largest local exchange telephone companies in the country. Under
the
Frontier brand name, the company offers telephone, television and Internet
services, as well as bundled offerings, ESPN360 streaming video, residential
security solutions and specialized bundles for small businesses and home
offices.
This
document contains forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed or implied in the statements. These and all forward-looking statements
(including oral representations) are only predictions or statements of current
plans that are constantly under review by the company. All forward-looking
statements may differ from actual results. The foregoing information should
be
read in conjunction with the company's filings with the U.S. Securities and
Exchange Commission including, but not limited to, reports on Forms 10-K and
10-Q. The company does not intend to update or revise these forward-looking
statements to reflect the occurrence of future events or
circumstances.
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