VCG Valor Comm Grp

IRVING, Texas, May 31 /PRNewswire-FirstCall/ -- VALOR Communications Group, Inc. (NYSE:VCG), today announced that it will hold a combined Annual/Special Meeting of Stockholders at 2:00 p.m. (Eastern Daylight Time) on Tues., June 27, 2006, to vote on proposals related to the announced merger with Alltel Wireline. The meeting will be held at the Sheraton Hotel & Towers, 811 Seventh Avenue (between 52nd and 53rd Streets) in New York City. A proxy statement/prospectus-information statement detailing the proposals to be voted on was mailed on or about May 26, 2006, to VALOR stockholders of record as of May 5, 2006. All VALOR stockholders of record as of May 5, 2006, are entitled to vote on the proposals. VALOR stockholders are urged to read the proxy statement/prospectus-information statement, as it contains important information regarding the proposals. About VALOR Communications Group VALOR Communications Group is one of the largest providers of telecommunications services in rural communities in the southwestern United States. The company, through its subsidiary VALOR Telecom, offers to residential, business and government customers a wide range of telecommunications services, including: local exchange telephone services, which covers basic dial-tone service as well as enhanced services, such as caller identification, voicemail and call waiting; long distance services; and data services, such as providing digital subscriber lines. VALOR Communications Group is headquartered in Irving, Texas. For more information, visit http://www.valortelecom.com/ Safe Harbor Statement "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding VALOR Communications Group's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements, see "Risk Factors" in the proxy statement/prospectus-information statement relating to the merger with Alltel Wireline filed with the Securities and Exchange Commission on May 26, 2006. We disclaim any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, the occurrence of future events or otherwise, except as required by law. DATASOURCE: VALOR Communications Group, Inc. CONTACT: investor relations, Keith Terreri or Sheryl Seyer, +1-972-373-1296, or fax, +1-972-373-1150, or , or media, Cynthia T. Cruz, +1-972-373-1134, or fax, +1-469-420-2540, or , all of VALOR Communications Group, Inc. Web site: http://www.valortelecom.com/

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