SOURCE: Authorize.Net

May 23, 2007 11:09 ET

Authorize.Net Holdings, Inc. Selected for Boston Globe 100

Nineteenth Annual Survey Lists the Top 100 Publicly Traded Companies Headquartered in Massachusetts

MARLBOROUGH, MA -- (MARKET WIRE) -- May 23, 2007 -- Authorize.Net Holdings, Inc. (NASDAQ: ANET), formerly Lightbridge, Inc., announced today that the company ranks 71 on this year's Boston Globe 100, an annual listing of Massachusetts' top publicly traded companies.

Selection for the Globe 100 is based upon a composite score derived from financial data for the four quarters ended December 31, 2006. Additonal eligibility criteria include being a public company for the entire 2006 calendar year and reporting a positive net income for both 2005 and 2006.

"Being included in the prestigious Globe 100 is a tremendous accomplishment for Authorize.Net Holdings, our employees and stockholders," stated Bob Donahue, president and chief executive officer of Authorize.Net Holdings, Inc. "Now that we have completed the transformation from the telecommunications company known as Lightbridge to Authorize.Net, an industry leading payments company focusing on small to medium-sized merchants, we hope to maintain our presence on the Globe 100."

Shirley Leung, Boston Globe business editor, added, "The companies in the Globe 100 have distinguished themselves in not only their respective fields but among other Massachusetts businesses. This year's Globe 100 highlights the broad spectrum of both old and new Massachusetts companies, from cutting-edge sectors like biotechnology to long-standing staples like construction."

About Authorize.Net Holdings, Inc. (

The Authorize.Net Payment Gateway provides secure, reliable, Internet Protocol (IP) based payment gateway solutions that enable merchants to authorize, settle and manage electronic transactions anytime, anywhere, via Web sites, retail stores, mail order/telephone order (MOTO) call centers and wireless devices. In addition to its payment solutions, Authorize.Net offers extensive value-adding products designed to help merchants manage their business, fight fraud, and improve profitability. Authorize.Net is sold through an extensive network of partners that offer its IP-based payment services to their merchant customers.

AUTHORIZE.NET, LIGHTBRIDGE and the Authorize.Net logo are registered trademarks of Authorize.Net Holdings, Inc. All other marks are the property of their respective owners.

About The Boston Globe

The Boston Globe is wholly owned by The New York Times Company (NYSE: NYT), a leading media company with 2006 revenues of $3.3 billion, including The New York Times, The International Herald Tribune, The Boston Globe, 15 other daily newspapers, WQXR-FM and more than 30 Web sites, including, and The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.

Forward-looking Statements

Certain statements in this news release that are not historical facts, including, without limitation, those relating to the Company's strategic vision, goals, products, services, markets, hopes to maintain a presence on the Globe 100, and growth prospects including, without limitation, its belief that its focus on the payment processing industry will generate attractive returns 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, and technologies, (v) current and future economic conditions generally and particularly in the 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 most recent Annual Report on Form 10-K, and other public filings. The Company undertakes no obligation to update any forward-looking statements.

Contact Information