-- New Ticker Symbol and Name Change Become Effective April 23, 2010 --
LOUISVILLE, KY, April 23, 2010 - Libra Alliance Corporation (OTCBB: LBAL), today announced that its corporate name has been changed to “Lightyear Network Solutions, Inc.” and that its ticker symbol as quoted on the OTC Bulletin Board will be changed from OTCBB:LBAL to OTCBB:LYNS effective April 23, 2010.
On April 22, Libra received notification from the Financial Industry Regulatory Authority (FINRA) that the company’s name change from Libra Alliance Corp. to Lightyear Network Solutions, Inc. and symbol change were formally approved. The company’s new CUSIP number for its common stock is 53228J103 and its ISIN number is US53228J1034.
“The change in our corporate name and our new stock symbol more closely reflects our business of providing telecommunication services to businesses and consumers throughout the United States. As we actively begin our market outreach efforts, we believe the changes in our name and stock symbol will better identify our business, and help our expansion efforts as well,” said J. Sherman Henderson, Chief Executive Officer. “We look forward to updating our shareholders and prospective investors on Lightyear’s corporate developments in the coming weeks and months.”
About Lightyear Network Solutions, Inc.
Through its wholly owned subsidiary, Lightyear Network Solutions, LLC, Lightyear provides telecommunication services to large, medium and small businesses and to residential consumers throughout North America utilizing its extensive network of independent agents and representatives. J. Sherman Henderson III, Lightyear’s Chief Executive Officer, has nearly 25 years experience in the telecommunications industry. Henderson was named one of the Top 25 Most Influential People in Telecommunications and was elected for six consecutive terms as Chairman of COMPTEL, the leading industry association representing more than 250 service providers. Lightyear’s product and service offerings include: local PRI and digital T1, enhanced internet services, frame relay, MPLS, Point-to-Point, Voice over Internet Protocol (VoIP), local and long distance, calling cards, and conferencing. Lightyear has also begun offering wireless services to customers in the U.S. through wholesale contracts with multiple wireless voice and data service providers. Lightyear built its own VoIP network in 2004 to enhance its product offerings to its customers and has partnered with some of the most prominent names in telecom including: Sprint, Verizon, AT&T, Qwest, Level 3, PAETEC, CenturyLink, Intelliverse, Globys BroadSoft, Cisco and Adtran. Lightyear Network Solutions is headquartered in Louisville, KY. Additional information can be found at: www.lightyear.net.
This press release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Lightyear’s actual results to differ materially from those currently anticipated. These forward-looking statements may include, without limitation, statements about our marketing and acquisition opportunities, business strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward looking statements are reasonable, the risks and uncertainties which could cause our actual results to differ materially from those currently anticipated includes changes in market conditions, our ability to integrate acquired operations, the ability to obtain additional financing on satisfactory terms, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and risk factors described in our filings with the Securities and Exchange Commission. Lightyear undertakes no obligation to revise or update any forwardlooking statements in order to reflect events or circumstances that may arise after the date of this press release.
Lightyear Network Solutions, Inc.
J. Sherman Henderson III, 866-406-7253
Chief Executive Officer
Financial Communications Contacts:
Porter, LeVay & Rose, Inc.
Marlon Nurse, 212-564-4700
V.P. – Investor Relations
Trilogy Capital Partners
Darren Minton, 800-592-6067
Executive Vice President