SOURCE: JMI Telecom Corporation

May 20, 2008 09:30 ET

JMI Telecom Signs Agreement With Lightyear Network Solutions

CHARLOTTE, NC--(Marketwire - May 20, 2008) - JMI Telecom Corp. (PINKSHEETS: JMIT), a next-generation telecommunications products and services company, today announced it has signed an agreement with Lightyear Network Solutions, LLC to provide local and long-distance phone service throughout the country. JMI Telecom is a public utility serving North Carolina and Kentucky through its partnership with Lightyear, which offers national, regional, local and long-distance calling, among other services. Lightyear, based in Louisville, Ky., serves the telecommunications needs of more than 120,000 customers across the nation. "The JMI Telecom consumer base and brand name will benefit from this partnership. We have dramatically increased our footprint with this agreement and plan to market these new areas aggressively," says company President and C.E.O. Kyle Freeman.

About JMI Telecom Corp.

JMI Telecom Corp., a Competitive Local Exchange Carrier (CLEC) in North Carolina and Kentucky, with offices in Charlotte, N.C., and San Diego, Calif., offers next-generation telecommunications products and services including local and long-distance telephone service, Digital Phone/VoIP (Voice over Internet Protocol), dial-up Internet and prepaid home telephone service to customers. For more information, visit

About Lightyear Network Solutions

Lightyear Network Solutions, LLC, based in Louisville, Ky., was founded as UniDial in 1993 by telecom industry veteran J. Sherman Henderson III as a national sales and marketing organization providing telecommunication services and solutions to commercial and residential customers. Lightyear offers a full suite of products including Local, Long-Distance, Data, VOIP and Internet services. Lightyear offers one bill and complete customer care for services over a number of national carriers and customizes its products to meet the client's specific needs. For more information, visit

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.

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