SOURCE: Lightbridge

September 07, 2005 09:00 ET

Alltel Extends Contract With Lightbridge

BURLINGTON, MA -- (MARKET WIRE) -- September 7, 2005 -- Lightbridge, Inc. (NASDAQ: LTBG), a leading transaction processing company, today announced that Alltel (NYSE: AT), a leading communications company, has agreed to extend its contract.

Alltel and Lightbridge recently signed an agreement which extends Alltel's use of Lightbridge credit and risk evaluation products and services. Lightbridge has provided a variety of credit and risk evaluation products and services to Alltel since 1992. Terms of the agreement were not disclosed.

"We are very pleased to have our contract with Alltel renewed," said Bob Donahue, president and CEO of Lightbridge. "Our Company continues to deliver quality products and services to our clients to help them efficiently and effectively manage their customer activations."

About Lightbridge

Lightbridge, Inc. (NASDAQ: LTBG) is a leading e-commerce, analytics and decisioning company that businesses trust to manage customer transactions. Lightbridge adds value to fraud screening, credit qualification, and payment authorization. Lightbridge solutions leverage intelligent automated systems and human expertise, delivered primarily through the efficiencies and cost savings of an outsourced business model. Businesses use Lightbridge to make smarter decisions, deliver better services, provide secure payments, reduce costs and enhance the lifetime value of their customers. For more information, visit www.lightbridge.com.

About Alltel

Alltel is a customer-focused communications company, providing wireless, local telephone, long-distance, Internet and broadband services to more than 15 million customers in 36 states and nearly $10 billion in annual revenues.

LIGHTBRIDGE is a registered trademark and the Lightbridge logo is a trademark of Lightbridge, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

Forward-looking Statements

Certain statements in this news release that are not statements of historical facts may constitute forward-looking statements including, without limitation, those related to the performance of our products and services. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, (i) dependence on a limited number of clients, (ii) the Company's revenue concentration in the wireless telecommunications business and the declining subscriber growth rate in that business, (iii) continuing rapid change in the telecommunications industry, payment processing industry and other markets in which the Company does business that may affect both the Company and its clients, (iv) continuing demand for the Company's products, services and technologies, (v) the impact of the exploration of strategic alternatives for the Company's TDS business unit on the Company and its business and operations, (vi) current and future economic conditions generally and particularly in the telecommunications industry and payment processing industry, (vii) the Company's ability to execute on its objectives, plans or strategies, including, without limitation, its plans to explore strategic alternatives for its TDS business unit and (viii) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its 2004 Annual Report on Form 10-K and its most recent quarterly reports. The Company undertakes no obligation to update any forward-looking statements.

Contact Information

  • Contact Information:
    Financial & Media Contact
    Lynn Ricci
    781-359-4854