LOUISVILLE, Ky. — (BUSINESS WIRE) — Lightyear Network Solutions, Inc. (OTCBB:LYNS, news, filings), a provider of data, voice and wireless telecommunication services to business and residential customers throughout North America, today announced that it has completed a major phase of its integration with its subsidiary, SouthEast Telephone.
This major accomplishment includes consolidating all of the approximately 30,000 existing SouthEast Telephone residential and business customers into Lightyear’s Portal System, its in-house, state-of-the-art, proprietary client service and account management system. Lightyear’s Portal System was designed and developed internally and now contains the company’s entire customer base of approximately 60,000 customers. The system has the capacity for adding more than a million additional accounts.
“We are pleased to announce this important news about the integration of our SouthEast Telephone customers into the Lightyear Portal System,” said Stephen M. Lochmueller, Chief Executive Officer of Lightyear. “No matter if it’s a single-line residential customer or large multi-location business client, Lightyear values all of our customers, and our Portal System enables us to manage them efficiently and deliver exceptional customer care to them.”
“Having all our customers on one centralized invoicing and client management platform offers a significant benefit to the company, including creating operational efficiencies, eliminating unnecessary system redundancies and maximizing headcount,” Mr. Lochmueller added. “We believe this integration will contribute to our strategy to increase organic growth and profitability.”
Lightyear acquired SouthEast Telephone, which has a 41-county footprint in Kentucky, in the Fourth Quarter 2010. SouthEast is a provider of voice and data telecom products, including local and long-distance phone service and DSL. Its customer base consists primarily of residential customers.
About Lightyear Network Solutions, Inc.
Through its wholly owned subsidiaries, Lightyear Network Solutions 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.