CREST COMMUNICATIONS CORP

Crest is a facilities-based provider of high-bandwidth, fiber optic communications infrastructure to carrier and corporate/government customers in the Pacific Northwest. Crest consists of three subsidiaries that own the infrastructure: WCI Cable, Inc., Northern Lights Holdings, Inc. and World Net Communications, Inc. The primary assets of the Company consist of an integrated terrestrial and submarine fiber optic network that links the Alaskan market to interconnection points in Portland, Oregon and Seattle, Washington. Crest sells capacity through long-term IRU contracts through which it receives upfront fees at contract signing and monthly O&M recurring fees over the life of the contract and through short-term bandwidth leases.