Lightyear Network Solutions Expects To Reach Profitability in Fourth Quarter 2010

Lightyear Network Solutions, Inc., a provider of telecommunication services to businesses and residential clients throughout North America, has announced that it expects to attain profitability while the fourth quarter of 2010. The Company has as well provided unaudited summary results for October 2010, which reflect the first month of combined operations resulting from the Company's acquisition of SouthEast Telephone on October 1, 2010.

The month ended October 31

Lightyear's consolidated revenue for the month ended October 31, 2010, was $6.61 million, up 70.4% from $3.88 million in October 2009. Gross profit for the month was $2.23 million, up 77% from $1.26 million in 2009. Based upon these preliminary results and current trending, the Company expects to report increased revenue and profitability for the fiscal fourth quarter ending December 31, 2010.

"The fourth quarter is shaping up to be our strongest quarter to date, and we expect it to be the first quarter in which we will have reached profitability since we became a public company previously this year," said J. Sherman Henderson III, CEO of Lightyear. "We have added many new agents and are working to consolidate SouthEast Telephone into our operations. The Lightyear Portal System, our in-house, proprietary customer management system, has enabled us to continue to increase efficiencies and reduce costs during we add clients and increase revenue."

"Our strategy of focusing on more profitable products and services, during eliminating those with lower margins, has helped us not only to reduce costs now to organically grow revenue," said Stephen M. Lochmueller, President of Lightyear. "We are confident that our continued focus on our combined acquisition and organic growth strategy will result in improved profitability through 2011."

The revenue

The revenue and other financial estimates contained in this press release have not been audited or reviewed by our independent auditors, and consequently they express no opinion or other form of assurance as to this information. The Company provides no assurance that these preliminary results will not change following the Company's completing the fiscal fourth quarter 2010 and the financial audit of such results of operations.

Through its wholly owned subsidiaries, Lightyear provides telecommunication services to businesses and residential clients 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, 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.

Lightyear Network Solutions, Inc.Steve Rush, Marketing Manager, 502-410-1397steve.rush@lightyear.netorPorter, LeVay & Rose, Inc.Marlon Nurse, V.P. - Investor Relations, 212-564-4700marlon@plrinvest.com