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Press Release -- August 17th, 2010
Source: Lightyear Network Solutions
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Lightyear Moves Closer to Acquisition of SouthEast Telephone

LOUISVILLE, KY, August 17, 2010- Lightyear Network Solutions, Inc. ("Lightyear") (OTCBB:nLYNS), aprovider of telecommunication services to large, medium and small businesses, as well as residential consumers throughout North Amercia, today announced that a federal bankruptcy judge has approved SouthEast Telephone Inc.'s bankruptcy plan ,which includes the sale of substantially all of SouthEast's business assets to Lightear. SouthEast Telephone is a Kentucky-based telecommunications company.

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