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You don't want to cancel on your verizon contract and get charged an early termination fee.
This may be the solution to your problem...
http://www.engadget.com/2007/01/12/verizon-increases-sms-rates-customers-now-free-of-their-contr/
This may be the solution to your problem...
http://www.engadget.com/2007/01/12/verizon-increases-sms-rates-customers-now-free-of-their-contr/