text: **RISKS**
  
  The Company is one of eleven PCS Affiliates of Sprint, and accordingly, is impacted by decisions and requirements 
  adopted by Sprint in regard to its wireless operation. Management continually reviews its relationship with Sprint as 
  new developments and requirements are added. Note 7 to the accompanying consolidated financial statements contains 
  a detailed description of the significant contractual relationship. 
  
  The Company is dependent on Sprint for the reporting of a significant majority of PCS revenues, particularly travel and 
  service revenue. Controls and processes are continually refined, so the Company can monitor, review, test, and 
  validate information being reported to the Company by Sprint. It is the Company’s policy to estimate and reflect the 
  information supplied by Sprint in the financial statements in the respective periods. Corrections, if any, are made no 
  earlier than the period in which the parties agree to the corrections and as noted in these financial statements, there are 
  several dispute settlements, true-ups of estimates and corrections which are recorded in the period the issue has been 
  resolved. The Company is at risk for reporting errors that may be made by Sprint. 
  
  The net balance of PCS travel revenue and expense could change significantly due to changes in service plan offerings, 
  changes in the travel settlement rate, changes in travel habits by the subscribers in the Company’s market areas or other 
  Sprint subscribers and numerous other factors beyond the Company’s control. The Company is continuing to monitor 
  the financial strength of the other PCS Affiliates of Sprint, as to their ability to maintain their segment of the Sprint 
  network may impact the ability of the Company to add new subscribers. Two other Sprint PCS Affiliates are currently 
  operating under bankruptcy protection. 