Date: January 18, 2007

Presenter: Alec Geist, Pinpoint Communications

The guest speaker for this meeting was Alec Geist, COO of Pinpoint Communications. Mr. Geist provided an overview of the originating company (a small town telco) and current activities of the various Pinpoint businesses. The company has investments in fiber optic routes in Omaha and between Denver, Chicago and St. Louis.

The *facilities-based, local access and long-haul providers* have strategic advantages in supporting business applications. Smaller service providers are able to be more innovative to developing customer transport solutions. In addition, the economics of scale and scope of smaller service providers can pass through operational savings because they do not have to be "all things to all people".

Pinpoint will also open a new Data Center facility in February at the Scott Technology Center serving small to medium size businesses. Ralph Armendariz, the Omaha branch manager in charge of developing the Data Center facilities, will discuss current trends in data center storage and connectivity.

Pinpoint exemplifies previous discussions regarding local solutions for a more competitive communications market. The ITC has recently hosted a wireless and an IP communications provider. Another meeting is planned for a wireless presentation to better promote the concepts and their value to Omaha's economy. The Omaha economic market maintains its premier status as a technology leader with local investment or local leadership in our smaller companies, such as Pinpoint, and our national local providers, Qwest and Cox.