JMI Telecom Signs Agreement With Lightyear Network Solutions

CHARLOTTE, NC, May 20 (MARKET WIRE) --
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
ourfootprint 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 www.jmitelecom.com.

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 www.lightyear.net.

"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
disclaimsany obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's expectations or
future
events.

CONTACT
JMI Telecom
1-800-533-6131

Investor Relations
1-866-880-6561

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