Lightyear Network Solutions Launches New Hosted VoIP Product

Lightyear Network Solutions, Inc. (OTCBB: LYNS), a provider of telecommunication services to business and residential customers throughout North America, today announced that it has expanded its network services portfolio by launching its new Hosted VoIP (Voice over Internet Protocol) product.

Lightyear’s Cloud-Based Voice Services offering allows small and medium-sized businesses (SMB) to move beyond conventional telephony into the increasingly popular VoIP world. The company’s business-grade VoIP offers a rapid and seamless integration from customers’ traditional PBX (Private Branch Exchange), Key or other existing telephone system.

"We are pleased to announce the launch of our new Hosted VoIP product, which further enhances our extensive product portfolio,” said Stephen M. Lochmueller, Chief Executive Officer of Lightyear. "Hosted VoIP is in line with our strategic plan to offer cost-efficient and cutting-edge products, and it makes ‘the cloud’ an affordable and valuable resource for consumers in the SMB space. It is a perfect offering for customers who not only are conducting domestic business, but are also dealing with the global community. As many of our customers have one or more locations, VoIP offers a cost-effective solution to their telecom needs. This new offering is another example of products that we believe will enhance our organic growth and increase margins.”

Lightyear’s Hosted VoIP features numerous benefits for end-users, including lower system costs compared with traditional telephony; an enhanced and robust feature set; the flexibility and scalability to be easily changed to suit to the customer’s needs; quick and easy installation; the reliability of a carrier-class network and state-of-the-art technology; and the ability to utilize fixed mobile convergence.

The product is ideal for the SMB sector that often lacks IT resources and does not wish to make a large capital investment in a phone system, and it is a perfect solution for businesses with multiple locations.

Lightyear’s Hosted VoIP provides its authorized agent partners a simple and attractive VoIP solution to push to customers in their selling areas across the nation. The product’s many advantages for its agents include: automated service activation, zero-touch intelligent device configuration, firewall and security server, guaranteed VoIP readiness assessment, streamlined operational support, and automated web-based quote generation, among others.

"As a Lightyear agent, I am really excited about the company’s new Hosted VoIP offering,” said Phil Maxson, whose telecom agency Telos, LLC is based in Lexington, Ky. "I expect to continue to see the migration from traditional telephone systems to VoIP offerings in the business community. VoIP technology, particularly Hosted VoIP, offers a tremendous ROI with ‘hard’ and ‘soft’ savings for customers, in addition to having a wide range of features and options, including unified messaging and mobile convergence. Hosted VoIP is a very attractive telecom solution for many of my clients.”

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 enhanced Internet services, MPLS, Ethernet, Voice over Internet Protocol (VoIP), local and long-distance service, local PRI and digital T1, 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.

Forward-Looking Statements

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.