March 11, 2010 (FinancialWire) — Libra Alliance Corp. (OTCBB: LBAL), a provider of telecommunications services to businesses and residential consumers, has four new members to the company’s board of directors.

On February 12, 2010, Libra Alliance completed a securities exchange transaction pursuant to which it acquired Lightyear Network Solutions. Lightyear will continue to focus on servicing the telecommunications needs of its approximately 60,000 business and residential customers while pursuing a strategy to increase revenue and earnings via a combination of organic and acquisition growth.

Along with Henderson, the additional board members also serve as directors of LY Holdings, LLC, which is Libra’s majority shareholder.

The new board members are:

Chris Sullivan, a founder of the Outback Steakhouse restaurant company.

Ronald L. Carmicle, who has been the president of River City Development for more than 30 years. W. Brent Rice, an attorney and long-time partner in the firm of McBrayer, McGinnis, Leslie and Kirkland in Lexington, Kentucky and a real estate developer.

Rigdon O. “Rick” Dees, a radio and comedic performer.

Through its wholly owned subsidiary, Kentucky-based Lightyear Network Solutions, Libra provides telecommunication services to large, medium and small businesses and to residential consumers utilizing its network of independent agents and representatives throughout the United States.

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