Lightyear Network Solutions Launches New VoIP Calling Platform
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Lightyear Network Solutions, Inc. (the "Company") (OTC Markets: LYNS), an established provider of data, voice and wireless telecommunication services to business and residential customers throughout North America, announced today that it has commercially launched its new VoIP (Voice over Internet Protocol) Calling Platform.
This new carrier-class platform, designed by Lightyear's in-house IT team, offers a number of benefits for Lightyear's popular IP telephony product, including increased functionality and flexibility. The platform provides Lightyear robust controls and features that were not available with the previous proprietary softswitch the company utilized under a licensing agreement.
Lightyear developed its own new platform using open source methodology because of its low cost and high uptime without the need for expensive licenses and long wait times for modifications. Open source developers are constantly updating the base application and adding new features, which Lightyear can easily incorporate into its platform.
Lightyear's new softswitch also provides a number of customer benefits, including:
Cleaner, faster call quality
Enhanced feature set not available from traditional offerings
Improved business continuity options over legacy systems
Additional capacity for simultaneous calls
Cost-competitive pricing for on-network calls
Reduced governmental fees compared with traditional phone service
"We are excited and proud to commercially deploy our new VoIP platform," said Stephen M. Lochmueller, Lightyear's Chief Executive Officer. "Our IT team has worked diligently on this project for a number of months, and the platform performed exceptionally well in beta testing. This new VoIP architecture will allow Lightyear to adapt to its customer needs very quickly to set us apart from our competitors."
About Lightyear Network Solutions, Inc.
Through its wholly owned subsidiaries, Lightyear Network Solutions, Inc. 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, Windstream, CenturyLink, tw telecom, XO Communications and Cisco. Lightyear Network Solutions, Inc. 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 Form 10-K for the year ended December 31, 2011, filed on March 30, 2012, and other 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.
Lightyear Network Solutions, Inc.
Steve Rush, Marketing Manager, 502-410-1397
KEYWORDS: United States North America Kentucky
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