SOURCE: Lightbridge

April 18, 2007 15:58 ET

Authorize.Net Announces eCheck.Net® Pre-Approval Program

Pre-Approval Virtually Eliminates the Underwriting Process and Setup Times

LAS VEGAS, NV -- (MARKET WIRE) -- April 18, 2007 -- 2007 ETA Annual Meeting & Expo -- Authorize.Net Corp., a service of Lightbridge, Inc., (NASDAQ: LTBG), announced today the completion of a major initiative to pre-approve merchants for eCheck.Net®, Authorize.Net's exclusive, fully integrated electronic check service. The pre-approval program virtually eliminates the underwriting process and setup time typical of an eCheck.Net account.

eCheck.Net enables Web and mail order/telephone order (MOTO) merchants to accept and process electronic check payments, which are deducted directly from their customers' bank accounts. By accepting electronic checks, merchants expand the payment options available to their customers, potentially increasing both customer loyalty and revenue. eCheck.Net can also be combined with Authorize.Net's popular Automated Recurring Billing™ (ARB) service to create an additional option for subscription-based payments.

eCheck.Net provides several benefits for merchants, but it also offers numerous advantages for Authorize.Net's extensive network of resellers. With great features like low buy rates, volume-based pricing, and the ability to set their own sell rates while offering price incentives, resellers are able to increase their monthly revenues while increasing merchant loyalty.

"eCheck.Net has been an important payment option for Authorize.Net merchants and resellers since its launch in 1997," stated Bob Donahue, president and chief executive officer of Lightbridge, Inc. "We want to provide the opportunity to as many merchants as possible to expand their revenue by accepting one of the fastest-growing payment methods for online customers. Our pre-approval program will make signing up for the service more convenient and faster than ever. We expect that our resellers will encourage their merchants to take advantage of this exciting opportunity."

Gary Mayberry, Gateway Specialist of iPayment, "As an Authorize.Net reseller, I applaud Authorize.Net for undertaking this initiative. By pre-approving these merchants, it will be significantly easier to upsell eCheck.Net and provide our merchants and their customers with a valuable new payment option."

Merchants interested in learning more about eCheck.Net can visit the Authorize.Net Web site at Authorize.Net will be contacting pre-approved merchants in the near future. Merchants may also contact their reseller to inquire about their pre-approval status.

A case study that illustrates how offering eCheck.Net as an additional payment option can help a business enhance its customer service by is available for download at

About Lightbridge and Authorize.Net (

Lightbridge's payment processing business, Authorize.Net provides secure, reliable, Internet Protocol (IP) based payment gateway solutions that enable over 166,000 merchants to authorize, settle and manage electronic transactions anytime, anywhere, via Web sites, at retail, mail order/telephone order (MOTO) call centers and on wireless devices. In addition to its payment solutions, Authorize.Net offers extensive value-add products designed to help merchants manage their business, fight fraud, and improve profitability. Authorize.Net is sold through an extensive network of reseller partners and leading financial institutions that offer its industry leading payment services to their merchant customers.

AUTHORIZE.NET, LIGHTBRIDGE, the Lightbridge logo and eCheck.Net are registered trademarks and Automated Recurring Billing is a trademark of Lightbridge, Inc. or its subsidiaries. All other marks are the property of their respective owners.

Forward-looking Statements

Certain statements in this news release that are not historical facts, including, without limitation, those relating to the Company's products, services, eCheck.Net, the Pre-Approval Program, markets and growth prospects and success are forward-looking statements that involve risks and uncertainties. Such statements are based upon the current beliefs and expectations of the management of the company. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, (i) the Company's revenue concentration in the payment processing business, (ii) continuing rapid change in the payment processing industry and other markets in which the Company does business that may affect both the Company and its customers, (iii) the impact of competitive products, services and pricing on both the Company and its products and services, (iv) market acceptance of the company's new or enhanced products, services, technologies, including the eCheck.Net Pre-Approval Program, (v) current and future economic conditions generally and particularly in the telecommunications and payment processing industry, (vi) uncertainties about the Company's ability to execute on, and about the impact on the Company's business and operations of, its objectives, plans or strategies as a result of potential technological, market or competitive factors, (vii) the impact of compensation expense, restructuring, asset impairment and other charges on the Company's business and operations, (viii) integration, employee retention, recognition of cost and other benefits and revenue synergies, and other risks associated with acquisitions, (ix) the industry risks associated with Authorize.Net's business and operations including, without limitation, illegal or improper uses of Authorize.Net's payment system, unauthorized intrusions and attacks on Authorize.Net's payment system that may impair the operation of its payment systems, changes in or failures to comply with credit card association rules and governmental regulations, changes in the application of existing laws and the impact of new laws, and dependence on relationships with resellers, certain financial institutions and third party payment processors, and (x) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its fourth quarter 2006 Quarterly Report on Form 10-Q, 2006 Annual Report on Form 10-K, and other public filings. The Company undertakes no obligation to update any forward-looking statements.

Contact Information