Lightyear Network Solutions Launches New VoIP Calling Platform
October 10 2012 - 3:56PM
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.
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 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.
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