Exhibit 99.1
NEWS RELEASE
Contact: | Alliance Data Systems | |
| Ed Heffernan | ||
| Analysts/Investors | ||
| 972.348.5191 | ||
| eheff@alldata.net | ||
| Tony Good — Media | ||
| 972.348.5425 | ||
| tgood@alldata.net |
ALLIANCE DATA SYSTEMS CORPORATION ANNOUNCES
STOCK REPURCHASE PROGRAM
DALLAS, Texas, June 9, 2005— Alliance Data Systems Corp. (NYSE: ADS) today announced that its board of directors has approved a stock repurchase program to acquire up to $80 million of its outstanding common stock over the next 12 months.
“As a committed growth company, we have and will continue to direct capital primarily toward opportunities that fuel our continued growth,” said Alliance Chairman and CEO Mike Parks. “However, the current price level of our stock created the need for us to explore the efficacy of a repurchase program. Our board believes ADS common stock is an attractive purchase at these prices and the best use for a portion of our available capital.”
The board’s authorized repurchase program includes both open market purchases as well as private transactions from time to time. Stock purchased as part of the program will be held as treasury stock. Previously provided guidance does not include any accretion that may occur under this repurchase program. The repurchase program’s terms have been structured to comply with the SEC’s Rule 10b-18, and the program is subject to market conditions, applicable legal requirements and other factors. The repurchase program does not obligate the company to acquire any specific number of shares and may be suspended or terminated at any time.
About Alliance Data Systems
Alliance Data Systems (NYSE: ADS) is a leading provider of transaction services, credit services and marketing services, managing over 105 million consumer relationships for some of North America’s most recognizable companies. Alliance creates and manages customized solutions that change consumer behavior and that enable its clients to build stronger, mutually beneficial relationships with their customers. Headquartered in Dallas, Alliance Data Systems employs approximately 7,500 associates at 35 locations in the United States and Canada. For more information about the company, visit its web site,www.AllianceDataSystems.com.
Alliance Data Systems’ Safe Harbor Statement/Forward Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “predict,” “project” and similar expressions as they relate to us or our management. When we make forward-looking statements, we are basing them on our management’s beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions, including those discussed in our filings with the Securities and Exchange Commission.
If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this news release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
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