Statements made during this conference call that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  In some cases, these forward-looking statements may  be  identified  by  the  use  of  words  such  as may,  will,  should,  expect,  plan, anticipate,  or  project  or  the  negative  of those  words  or  other  comparable  words.  We undertake no obligation to update  or  revise any  forward-looking  statements,  whether  as  a result  of  new  information,  future  events  or otherwise.  Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the company's actual results to differ from those projected in such forward-looking statements.

Important factors that could cause actual results to differ from those set forth in the forward-looking statements include, but are not limited to:

• advances in telecommunications technology
  
  
• changes in the telecommunications regulatory environment
  
  
• changes in the financial stability of other telecommunications providers who are customers of the Company
  
• changes in competition in markets in which the Company operates
  
  
• adverse circumstances affecting the economy in California in general, and in the Sacramento, California Metropolitan area in particular
  
  
• the availability of future financing
  
  
• changes in the demand for services and products
  
  
• new product and service development and introductions
  
  
• pending and future litigation

Investor Relations