SOURCE: Lightbridge

June 13, 2006 09:00 ET

Lightbridge Announces Its New Enhanced Disaster Recovery Service

Best in Class Disaster Recovery Rolled Out to All EDM and CAS Clients

BURLINGTON, MA -- (MARKET WIRE) -- June 13, 2006 -- Lightbridge, Inc. (NASDAQ: LTBG), a leading e-commerce, analytics and decisioning company, today announced it has implemented its new Enhanced Disaster Recovery service to all its Telecom Decisioning Services (TDS) clients. The configuration will provide clients with increased data protection, redundant processing and real time data replication over a private fiber ring.

Commenting on this most recent service offering, Tom Tivnan, VP of Operations said, "We are pleased to offer a best in class disaster recovery solution as part of the standard configuration for all EDM and existing CAS platform users. Real-time sub-second replication and automated failover of data provides continued superior system performance which is important to maintain our clients' revenue cycle."

Bob Donahue, president and chief executive officer, added, "Enhanced Disaster Recovery was an important milestone on our product roadmap. Lightbridge strives to offer leading edge technology to our clients and this offering is another example of our capital investments that benefit our clients."

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.

Note to Editors: LIGHTBRIDGE is a registered trademark, and the Lightbridge logo, EDM and CAS are 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 historical facts, including, without limitation, those relating to the Company's 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) 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) current and future economic conditions generally and particularly in the telecommunications and payment processing industry, (v) 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, (vi) the impact of restructuring and other charges on the Company's business and operations, (vii) integration, employee retention, recognition of cost and other benefits and revenue synergies, and other risks associated with acquisitions including the acquisition of Authorize.Net, (viii) 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, governmental regulation and the application of existing laws to Authorize.Net's business and dependence on relationships with third party payment processors, (ix) demand for the Company's products and services, (x) market acceptance of the Company's new or enhanced products, services or technologies, (xi) the impact of competitive products, services and pricing on the Company and its products and services, and (xii) 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. The Company undertakes no obligation to update any forward-looking statements.

Contact Information

  • Contacts:
    Lynn Ricci
    Director, Investor & Media Relations
    Lightbridge, Inc.
    781/359-4854
    Email Contact