Exhibit 99
PRESS RELEASE
For Immediate Release Contact:
W. Garth Sprecher
D & E Communications, Inc.
(717) 738-8304
D & E Communications Announces Repurchase of Common Stock
EPHRATA, PENNSYLVANIA, October 30, 2000 D & E
Communications, Inc. (NASDAQ: DECC) today announced that its
Board of Directors has authorized the repurchase of up to
$1,000,000 worth of shares of its common stock.
The repurchases are authorized to be made from time to time
in open market or privately negotiated transactions. The
program will continue until the $1,000,000 amount is expended,
or until D & E suspends the program. The repurchased shares
will be held as treasury shares available for issuance in
connection with future stock dividends and stock splits,
employee benefit plans, executive compensation plans and for
issuance under D & E's Dividend Reinvestment Plan.
D & E previously repurchased approximately $2,000,000 of
shares of its common stock, representing approximately 1.3% of
such shares outstanding, pursuant to a prior $2,000,000
repurchase program.
D & E Communications, Inc. is a full-service
telecommunications company based in Lancaster County, PA.
Through its subsidiaries and affiliated companies, D & E
Communications offers both local and long distance service,
wireless service, Internet service, paging, voice, data and
video equipment, and computer networking services.
Comprehensive information about D & E Communications is
available on the World Wide Web at
http:www.decommunications.com. - End -
10/27/00/SL1 112400v1/30094.014
