Satellite Communications, 113 Main St, Ames, IA 50010, US

Minerva Valley Telephone Co., Inc is a shareholder-owned corporation. As of this writing there were 14, 139 shares being held by our 345 shareholders. New shares are always available for purchase at our business office at 104 N. Pine Street in Zearing. The Annual Stockholders Meeting is held each year on the last Tuesday in March. The meeting provides the stockholders a chance to elect new board members, find out what new projects the company is doing, see the year-end financial statements and ask questions or express any concerns they may have. The Board of Directors for Minerva Valley is made up of nine shareholders, five of which must reside in the 487 ( Zearing ) exchange and four which must reside in the 477 ( Clemons/St. Anthony ) exchange. Each director is elected for a three year term.