VII. Financial Qualifications

To be granted a CPCN, an applicant for authority to resell interexchange services must demonstrate that it has a minimum of $25,000 of cash or cash equivalent to meet the firm's start-up expenses. An applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by other telecommunications carriers in order to provide the proposed service. Applicant represented that no deposits will be required by any telecommunications carrier in order to provide the proposed service. In addition, Applicant provided a performance bond that demonstrates that it has sufficient cash to satisfy the financial requirements.

We find that Applicant has met our requirement that it possesses sufficient financial resources to fund its operations.