-- New Partners Expected to Help Drive Organic Growth --
LOUISVILLE, KY, November 9, 2010 - Lightyear Network Solutions, Inc. (OTCBB:LYNS, news, filings) (www.lightyear.net), a provider of telecommunication services to businesses and residential customers throughout North America, announced today that it has added new Authorized Agent Partners and independent Representatives from 16 states during the past 90 days.
The new Partners and Representatives have agencies based across the nation, including in states such as Alabama, Arizona, California, Colorado, Georgia, Hawaii, Illinois, Indiana, Minnesota, Missouri, Nevada, New York, North Carolina, Pennsylvania, Tennessee and Texas.
“We are pleased to announce that we have added a significant number of new Agent Partners and Representatives during the past 90 days,” said J. Sherman Henderson III, CEO of Lightyear. “We are already seeing results from our efforts to aggressively recruit new sales agents from across the country. In September, for example, which was one of our best months this year, approximately 73 percent of our new business was derived from our new sales agents, and we expect them to continue to help drive organic growth going forward.”
Lightyear’s strong value proposition, full array of network services, nationwide footprint, aggressive commission structure and superior back-office support are the thrust of its recruitment message to potential agent partners.
The new agents, whose telecom industry experience varies from several years to more than 15 years, will focus on selling Lightyear’s entire product portfolio of data, voice and wireless offerings to business and residential customers throughout their selling areas. Management believes these agents have the potential of driving more than a million dollars in new revenue in 2011.
“I am excited about having joined Lightyear as an Agent Partner,” said Chris Sauter, whose telecom agency Carmason Group is based in Littleton, Colorado. “Being a Lightyear agent affords me the opportunity to leverage the company’s strong carrier agreements and competitive pricing to gain considerable advantages for my large-volume, long-distance customers and win their business. Also, I’ve found that the company’s back-office sales, marketing and quoting support has been second to none.”
Lightyear, which began operations as UniDial, was an early adopter of the channel partner philosophy, starting in 1993 when agents were initially recruited to market its telecommunication services. These agents continue to market and sell telecommunication services to businesses throughout the United States.
About Lightyear Network Solutions, Inc.
Through its wholly owned subsidiaries, Lightyear provides telecommunication services to businesses and residential customers 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.
Steve Rush, Marketing Manager
Porter, LeVay & Rose, Inc.
Marlon Nurse, V.P. – Investor Relations