PRESS RELEASE
July 7, 2011
Lightyear Announces Completion of its Subsidiary Customer Integration
LOUISVILLE, Ky., July 7, 2011 -- Lightyear Network Solutions, Inc. (OTCBB: LYNS), 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.
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