Beyond our executive team, Leap’s strength lies in the expertise of its people. We ended 2008 with nearly 3,500 employees across the country, up over 40 percent in a single year, and have built a dedicated team to capture the opportunity in front of us. Our people are unexpectedly resourceful, continually finding new ways to reduce our costs and do more with less. They embrace a disciplined, breakaway pace that is essential as we compete on the evolving playing field of our industry.
For all of these reasons, we believe that Leap is what’s next in the wireless industry. On behalf of all of us at Leap, I would like to thank you, our stockholders, for your confidence and support. I would also like to thank our employees for their commitment to winning and keeping each new customer. Together we look forward to delivering on our Company’s promise as we set out to more than double the size of our business from 2007 to 2010 and take the national stage.
Sincerely,

S. Douglas Hutcheson
President and Chief Executive Officer
Leap Wireless International, Inc.