SOURCE: Lightbridge, Inc.

July 11, 2006 09:45 ET

Lightbridge Joins the Russell 3000 Index

BURLINGTON, MA -- (MARKET WIRE) -- July 11, 2006 -- Lightbridge, Inc. (NASDAQ: LTBG), a leading e-commerce, analytics and decisioning company, today announced that it was one of the 237 companies added to the Russell 3000 index effective July 3, 2006.

Membership in the Russell 3000, which remains in place for one year, means that Lightbridge will also be automatically added to the small-cap Russell 2000® Index as well as the appropriate growth and style indexes. RUSSELL determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes.

Commenting on the news, Robert Donahue, CEO of Lightbridge said, "We are honored to be listed on the Russell 3000 index. This achievement reflects our focus on delivering solid operating and financial performance, and should increase our visibility with investors and institutions that rely on the Russell indexes as part of their investment strategy."

Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index. According to Russell, an industry-leading $3.8 trillion in assets currently are benchmarked to these indexes.

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 Russell Index

Russell, a global leader in multi-manager investment services, provides investment products and services in 44 countries. Russell manages more than $167 billion in assets and advises clients worldwide representing $2.4 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com.

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 historical facts, including, without limitation, those relating to the Company's focus on delivering solid operating and financial performance, and belief that its visibility with investors and institutions should increase 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) 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 and its most recently filed Quarterly Report on Form 10Q. The Company undertakes no obligation to update any forward-looking statements.

Contact Information

  • Contact Information:
    Lightbridge, Inc.
    Financial & Media Contact
    Lynn Ricci
    781-359-4854