FISCAL YEAR 2007 HIGHLIGHTS

• Revenues increased $4 million to $17,326,035, or 30%, as compared to fiscal 2006.
• Gross profit increased to over $4.7 million, or 29%, as compared to fiscal 2006; general and administrative expenses decreased $192,000, or 5%, as compared to fiscal 2006.
• $659,000 of positive operating cash flow generated and net income positive in 4th quarter.

With over 15,000 customers worldwide and approximately $20 million in run-rate revenues, Rapid Link is poised to grow with technologies, further serve our customer base of customers and expand into new markets. We have fully integrated Telenational Communications into our operations, and recently completed the asset purchase of Web-Breeze Networks and Communications Advantage, which include a wireless broadband network.

"Our goal is to provide the best overall communications experience, to both business and residential customers at affordable prices. Whether it's a digital phone call, or merely surfing the internet, we strive to provide the best service available," said John Jenkins, Rapid Link's Chairman and Chief Executive Officer. Mr. Jenkins further stated, "Rapid Link continues to improve its fundamentals and remains focused on maintaining profitability, increasing revenues and expanding Rapid Link's bundle of service offerings." "Rapid Link revenues have shown tremendous growth over the past fiscal year, while also meeting management's profitability goals as a result of acquisition integrations and cost reductions," stated Chris Canfield, Rapid Link's President and Chief Financial Officer.

Excluding non-cash items, net loss to common stockholders for the year ended October 31, 2007 was $13,031 vs. a net loss to common stockholders of $1,023,963 for the previous year ended October 31, 2006, representing over a $1 million improvement. For fiscal year 2007, Rapid Link incurred $1,076,350 in non-cash interest expense. Additional non-cash items incurred during the year include depreciation and amortization expense, share-based compensation expense, bad debt expense, partially offset by a gain on legal settlements.

Rapid Link is a "Communications Services" company providing various forms of voice and data transport service to wholesale and retail customers around the world. Rapid Link's retail product focus involves supplying bundled broadband wireless internet services, with an emphasis on key niche markets. These niche markets include targeted rural and underserved geographic locations as well as specific ethnic demographics. Rapid Link's strategy involves offering broadband access via its own facilities to ensure reliable delivery of its content without compromise from incumbent regional cable monopolies. Rapid Link strives to serve its customers unique communications needs with a focus on cost efficiency and quality of service. Through Rapid Link's operating headquarters in Omaha, NE, Rapid Link supports customers with in-house multi lingual customer service, proprietary scalable billing systems, and experienced communications professionals.

Keywords: wireless broadband network, profitability goals, rapid link, operating cash flow, service offerings, mr jenkins, john jenkins, chief executive officer, meeting management, asset purchase, otcbb, residential customers, 4th quarter, wireless broadband