text: We have had a history of investing heavily in the capabilities of our networks, expanding and enhancing them in 
  order to offer the best service possible. As our business has continued to grow and become more complex, we also need 
  to invest in additional management resources. One of the recent steps in this direction was to hire Earle MacKenzie, who 
  joined our organization as Executive Vice President in June. Earle brings 30 years of telecommunications experience to 
  our Company, having worked for a range of organizations, including Contel, Arthur Andersen, startup ventures, and 
  consulting firms. In his position, he will serve as Chief Financial Officer of the organization, freeing up Larry Paxton to 
  focus on our information technology needs. In addition to the new management positions, we have underway a 
  reorganization of our management structure to more closely align it with our functional areas. 
  
  In addition to the normal challenges of managing a growing business, our Board of Directors and members of 
  
  management have spent considerable time and effort to ensure compliance with the numerous new rules and requirements 
  resulting from the various corporate scandals over the past few years. While a valid argument can be made as to whether 
  all the new requirements are necessary, or even if they would have avoided the scandals that were uncovered, we have 
  approached these efforts as an additional opportunity to further improve what we hope is already a well governed 
  organization. The cost of complying with the new rules will be significant, but the cost of not doing what is right would 
  be worse, and certainly not acceptable to you as owners of the Company. 