-- Agreement will expand Lightyear’s nationwide footprint --
LOUISVILLE, Ky.--(BUSINESS WIRE)--Lightyear Network Solutions, Inc. (OTCBB: LYNS - News) (www.lightyear.net), a provider of telecommunication services to large, medium and small businesses, as well as residential consumers throughout North America, today announced a new multi-year Carrier Services Agreement with XO Communications Services, Inc. to expand Lightyear’s nationwide footprint for its Dedicated Internet and Ethernet Private Line services.
“Lightyear is pleased to announce this new arrangement with XO, a highly respected provider of Ethernet and advanced data services for the wholesale services sector,” said J. Sherman Henderson, CEO of Lightyear. “This agreement provides our sales force yet another tool to sharpen Lightyear’s competitive edge in today’s technology marketplace. Lightyear’s increased presence across the nation, along with XO’s improved provisioning systems, strong service level agreements (SLAs), and automated quoting engines, will help bolster sales moving forward.”
Services such as XO’s Dedicated Internet Access and Ethernet Private Line allow businesses to quickly and reliably transmit mission-critical data between locations at speeds up to 10 Gbps. This has the potential to result in savings for clients on capital and overhead expenses, in addition to providing enhanced privacy for sensitive corporate data.
“We’re very pleased about this opportunity to support Lightyear customers with our Dedicated Internet Access and Ethernet services,” said Don MacNeil, vice president of XO Carrier Services sales operations. “Our robust IP and transport networks, combined with our nationwide reach, give XO the flexibility and scalability to meet the increasing bandwidth needs of Lightyear's customers. With this agreement, XO expects to add value to Lightyear’s business by enhancing its service offerings, reducing its costs and extending its market coverage.”
XO Communications is headquartered in Herndon, Va.
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. Lightyear’s product offerings include local PRI and digital T1, enhanced Internet services, MPLS, Ethernet, Voice over Internet Protocol (VoIP), local and long distance service, and conferencing. Lightyear also offers wireless services to customers in the U.S. through wholesale contracts with multiple wireless providers. Lightyear built its own VoIP network in 2004 to enhance its product offerings and has partnered with some of the most prominent names in telecom including: Sprint, Verizon, AT&T, Level 3, PAETEC, CenturyLink, XO Communications, Intelliverse, 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 forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.