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North State Telecommunications

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Inviting Shareholder Views

You are being invited as a shareholder of North State Telecommunications Corporation to tell us, anonymously, what you consider important about your investment.

Your responses will help everyone concerned with the company, including its managers as well as other shareholders, understand the full range of investor interests that need to be considered. This understanding of investor views will provide an essential foundation for decisions that must be made during the next year about how North State should continue to satisfy its commitments to both customers and investors.

As indicated in the letter requesting your participation, this survey is being conducted independently by the Shareholder Forum so that investors can respond anonymously, using a secure web site and according to standard Forum privacy policies that do not allow disclosing the identity of participants. It should be noted that since you will not be identifiable, we will of course be unable to reply directly to anything you say in your survey responses. If you have any questions or want to communicate directly with the Shareholder Forum for any other reason, you can do so by addressing an email to

For information about the North State Telecommunications investor interests being addressed, see the "Forum Summary" and the listings of reports on the Forum's page for "North State Tel Reference."

Please take a minute to rank your priorities below, and offer any comments or questions that you want the Shareholder Forum to pass along to North State's management. When you finish the three rankings and the comment section, you'll see a page with some brief optional questions to give us a sense of your perspectives. Clicking the “Done” button at the bottom of the optional page will then show you instructions for privacy-protected access to a report of the survey results, including company responses to your questions.

Participants in this survey will not be identified. Any communications requiring a direct reply should be addressed to



This Forum program is open to all shareholders of North State Telecommunications Corporation, and to any fiduciaries or professionals concerned with their investment decisions. Participation is free of charge, according to the Forum's standard Conditions of Participation.

The purpose of the program is to provide shareholders with access to information and a free exchange of views relating to their consideration of issues described in the Forum Summary. As stated in the Conditions, all Forum participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants. Forum polices are intended to support anonymous communication, and provide that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.