SOURCE: Lightbridge

December 05, 2006 08:30 ET

Authorize.Net Launches New Seal Program Designed to Increase Consumer Confidence and Sales Conversion for the Company's 158,000 Merchants

BURLINGTON, MA -- (MARKET WIRE) -- December 5, 2006 -- Authorize.Net Corp., a service of Lightbridge, Inc., (NASDAQ: LTBG), today announced the formal launch of the Authorize.Net Verified Merchant Seal™ which confirms to consumers that Web sites displaying the seal are verified Authorize.Net merchants. The seal is available free of charge to Authorize.Net's 158,000 merchants for display on their Web sites to create confidence for consumers who may be concerned about the security of making online purchases.

For over ten years Authorize.Net has been one of the largest providers of secure and reliable Internet Protocol (IP) payment gateway services. The company is committed to providing its merchant customers with the highest level of transaction processing security, including being certified as compliant with the Payment Card Industry (PCI) Data Security Standard. By launching the Authorize.Net Verified Merchant Seal, the company leverages both its unique position in the e-commerce industry and its vigilant commitment to the industry's highest security standards to boost consumer confidence on behalf of its merchants.

"One study after another has shown that there is still a significant percentage of the U.S. population that has concerns about shopping online," stated Roy Banks, Authorize.Net president. "By displaying the Authorize.Net Verified Merchant Seal on their Web sites, our customers can immediately enhance consumer confidence, potentially increasing their sales. We're pleased to offer the seal free as part of our payment gateway service. We simply want to do everything we can to help our merchants be successful. As the busy holiday season is now upon us, we truly believe displaying the seal can be a critical differentiator for them."

Rich Principal, chief brands officer of Innovative Beverage Concepts, which operates the e-commerce Web sites Mocafé.net and Teaology.com was one of a significant number of Authorize.Net customers to implement the seal during its soft-launch phase. "Innovative Beverage Concepts has been selling products online since 1996 and from our inception we've partnered with Authorize.Net to offer safe and secure credit card and electronic check transaction processing for our customers," stated Principal. "The Authorize.Net Verified Merchant Seal will significantly assist us in establishing confidence for our customers, undoubtedly leading to increased sales. In only a short time, we're already feeling the positive benefits of displaying the seal."

Additional information on the Authorize.Net Verified Merchant Seal can be found at http://www.authorize.net/seal. Authorize.Net merchants interested in displaying the seal can quickly configure it in the Authorize.Net Merchant Interface. The HTML code for the seal can be implemented on as many Web pages as the merchant would like.

About Authorize.Net® (www.authorize.net)

Now celebrating its tenth year, Authorize.Net provides secure, reliable, Internet Protocol (IP) based payment gateway solutions that enable over 158,000 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. 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 is a service of Lightbridge, Inc.

About Lightbridge® (www.lightbridge.com)

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 Innovative Beverage Concepts, Inc. (www.mocafe.net and www.teaology.com)

Headquartered in Aliso Viejo, CA, Innovative Beverage Concepts, Inc. is a leader in producing innovative products for the coffee and tea industry since 1996. Innovative Beverage Concepts, Inc. brands include Mocafe™ Professional Coffee & Tea Bar Products, TEAOLOGY® tea, a modern methodology in tea™ and Mocafe Organics™, makers of the first organic frappes on the market. Innovative Beverage Concepts, Inc products can be found in leading retailers nationwide.

AUTHORIZE.NET, LIGHTBRIDGE, and the Lightbridge logo are registered trademarks and the Authorize.Net Verified Merchant Seal 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, partnerships, services, certifications, the Authorize.Net Verified Merchant Seal, security, 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 adverse impact that the Company's decision to exit the TDS business will have on its revenues, net income, stock price, and future business and operations, (ii) risks and costs associated with the Company's continuing commitments under TDS customer contracts and TDS related operating leases and the difficulty of transitioning TDS customers to other vendors and subleasing or exiting facilities, as the case may be, (iii) risks and costs associated with the termination of employees, (iv) dependence on a limited number of clients, (v) the Company's revenue concentration in the wireless telecommunications business, (vi) 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, (vii) the impact of competitive products, services and pricing on both the Company and its products and services, (viii) market acceptance of the company's new or enhanced products, services, technologies and/or the Authorize.Net Verified Merchant Seal, (viii) current and future economic conditions generally and particularly in the telecommunications and payment processing industry, (ix) 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, or its decision to exit the TDS business, (x) the impact of compensation expense, restructuring, asset impairment and other charges on the Company's business and operations including, without limitation, those related to the Company's decision to exit the TDS business, (xi) integration, employee retention, recognition of cost and other benefits and revenue synergies, and other risks associated with acquisitions, (xii) 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 (xiii) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its 2005 Annual Report on Form 10-K, second quarter 2006 Quarterly Report on Form 10-Q and other public filings. The Company undertakes no obligation to update any forward-looking statements.

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