Technology Update

We finally believe we have sufficient information to make a formal announcement. We are working closely with COMCAST to finalize a contract and pave the way for them to come into the development!!! The delay has not been on our part. We have wanted them to come into the development since Quadra Media (First Line Security) filed for bankruptcy last year. Comcast is a very large company and decisions are made at their regional and national offices, not locally. Hence, things move very slowly. But, we are very close now. Their regional administrator in charge of installations for developing capacity was here on January 8th to make final cost assessments to bring Comcast fiber lines to the development. They do not have service down 400 West that will support a development the size of ours and therefore need to install the support structure before they can come into our development. Added to the general problems in communicating with a large company, the recession has dictated to Comcast that any acquisition and expansion needs to be handled very carefully. All of this said, we are hopeful that we will have a formal agreement and that Comcast will be able to begin construction within the next few weeks. They need to construct transmission lines to bring service to the corner of 1530 North 400 West. It could take them as long as 90 days (we are hopeful it will be less) to complete their construction. Once service lines are in to the development, all will go very fast as our system was developed perfectly for a company like Comcast to simply connect to the infrastructure we already have in place and begin delivering service. The ball is in their court. We hope by this time next month, we will be able to report on significant progress on their part. We will do our best to keep you informed.