-- Henderson Elected to COMPTEL’s Executive Committee --
LOUISVILLE, KY, March 24, 2011 - Lightyear Network Solutions, Inc. (OTCBB:LYNS, news, filings)(www.lightyear.net), a provider of telecommunication services to business and residential customersthroughout North America, reported that J. Sherman Henderson III, Chief Executive Officer of Lightyear,discussed the increasingly important role that VoIP (Voice over Internet Protocol) and wireless telephonywill have in the business community. Mr. Henderson made his remarks as an Executive Roundtablepanelist at the COMPTEL Plus Spring 2011 Convention & Expo, which was held March 20-23 in LasVegas.
“We believe that VoIP, including SIP (Session Initiation Protocol) with its capacity for multimediacommunication applications, will continue to be an integral part of overall communications as telecomcontinues to evolve,” Henderson said. “We also expect to see an increase in telecom firms capitalizing oninternational markets in the VoIP space.”
VoIP is continuing to gain market acceptance at the enterprise level. Its benefits, including low rates, easeof usage, expanded feature sets and increasing reliability/quality, make it an important industry driver.Total VoIP revenue in the United States tops $10.4 billion and is expected to grow at a 17 percent CAGRfrom 2010 to 2013, according to U.S. Business VoIP Overview.
“We also believe there is a significant opportunity in the wireless sector to capitalize on mid-sizecompanies, which is a market that Lightyear expects to focus on. Wireless customers total approximately303 million in the United States, generating approximately $160 billion in revenue. The convenience ofmobile devices, faster data speeds and smartphones continue to lure new consumers to the wirelessnetworks.”
At the conference, Henderson was elected to the Executive Committee of COMPTEL, having previouslyserved as Chairman of the organization for six terms, most recently in 2008. COMPTEL is the leadingindustry association representing competitive communication service providers and their supplierpartners.
Randy Ammon, Chief Operating Officer of Lightyear, also participated in the conference as a TechnologyForum panelist, and discussed recent developments in the wireless and wireline markets.
“We were pleased to have had Lightyear so well represented at this year’s conference,” Mr. Hendersonadded, “and appreciate the recognition that Lightyear has achieved in the industry.”
About Lightyear Network Solutions, Inc.
Through its wholly owned subsidiaries, Lightyear Network Solutions provides telecommunication servicesto 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 multiplewireless providers. Lightyear built its own VoIP network in 2004 to enhance its product offerings and haspartnered 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. LightyearNetwork 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 ExchangeCommission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 andRule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject tovarious risks and uncertainties that could cause Lightyear’s actual results to differ materially from thosecurrently anticipated. These forward-looking statements may include, without limitation, statements aboutour marketing and acquisition opportunities, business strategies, competition, expected activities andexpenditures as we pursue our business plan. Although we believe that the expectations reflected in anyforward-looking statements are reasonable, the risks and uncertainties which could cause our actualresults to differ materially from those currently anticipated includes changes in market conditions, ourability to integrate acquired operations, the ability to obtain additional financing on satisfactory terms,customer acceptance of products, regulatory issues, competitive factors, or other business circumstancesand risk factors described in our filings with the Securities and Exchange Commission. Lightyearundertakes no obligation to revise or update any forward-looking statements in order to reflect events orcircumstances that may arise after the date of this press release.