Lightyear Network Solutions Announces Year End 2011 Financial Results

Lightyear Network Solutions, Inc., an established provider of data, voice and wireless telecommunication services to business and residential clients throughout North America, announced today its financial results for the year ended December 31, 2011.

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, local and long distance service, and conferencing. Lightyear as well offers wireless services to clients 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 Communication and Cisco. Lightyear Network Solutions, Inc. is headquartered in Louisville, Ky. Additional information can be found at: www.lightyear.net.

The Company has utilized the non-GAAP information set forth below as an additional device to aid in understanding and analyzing its financial results for the years ended December 31, 2011, and December 31, 2010. Management believes that these non-GAAP measures will allow for a better evaluation of the operating performance of the Company's business and facilitate meaningful comparison of the results in the current period to those in prior and future periods. Reference to these non-GAAP measures should not be considered a substitute for results that are presented in a manner consistent with GAAP.

A limitation of utilizing these non-GAAP measures is that GAAP accounting does actually reflect the underlying financial results of the Company's business. In a word, management believes that the GAAP measures as then as the corresponding non-GAAP measures of the Company's financial performance should be considered at the same time.