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Press Release - April 6, 2005

Lightbridge Announces Revised Fourth Quarter and Year End 2004 Financial Results in Light of Recent Lease Accounting Clarification by SEC

BURLINGTON, Mass.—(BUSINESS WIRE)—April 6, 2005—Lightbridge, Inc. (NASDAQ: LTBG), a leading analytics, decisioning and e-commerce company, today announced a major release of its Enhanced Decision Management (EDM) platform. This release is one in a series which the Company believes will significantly advance Lightbridge's CAS platform and capabilities.

Enhanced Decision Management is designed to:

  • Combine technology, dynamic workflow, predictive analytics, business process management and rules management into a unified platform for decision management across an enterprise.
  • Provide access to a wide range of internal and 3rd party data sources from a single integrated platform.
  • Leverage advanced and proven technology and tools to streamline the decision management process.
  • Provide tools that allow the business user to manage the entire decision process from visualization of the decision flow, structuring rules sets, and introduction of data and models to the deployment of strategies to parallel, simulation and production environments.

Offered on an ASP basis, EDM is an integrated real-time decision management system that allows lenders and service providers to capture decision data, integrate this information into one cohesive process, apply complex business rules, make decisions and analyze results, quickly, easily and seamlessly. The EDM technology is designed to simplify data source and third party implementations, significantly reducing the time and effort required to integrate them into the decisioning process. EDM leverages some of the latest technologies and solution offerings including real-time access to decision data, visualization modeling, business process management, rules management, decisioning simulations, and parallel decision verification.

Included in this platform release is the introduction of Lightbridge's Strategy Management Workbench that provides lenders and service providers with a user friendly web application for self management of the decision process. Later in 2005, this offering will allow clients to self manage the decision process including the introduction of existing data sources, business rule sets, decision tables, decisioning workflow and strategy deployment.

According to Pat Grimm, vice president of Research and Development, "These advancements allow our customers to quickly implement new services, reduce the cost of managing their strategies, and enable faster time to market implementations. Lightbridge's Enhanced Decision Management is a highly flexible and customizable platform that we believe will continue to demonstrate our strong position in the telecommunications market and extend our services in other markets."

About Lightbridge
Lightbridge, Inc. (NASDAQ:LTBG) is a leading analytics, decisioning and e-commerce company that businesses trust to manage customer transactions. Lightbridge adds value to fraud screening, credit qualification, payment authorization, billing, and enhanced voice services. Lightbridge solutions leverage intelligent automated systems and human expertise, delivered primarily through the efficiencies and cost savings of an outsourced business model. Businesses around the world 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, CAS, Enhanced Decision Management and EDM are trademarks 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 belief as to the materiality of the adjustments described herein 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, or the acquisition of Authorize.Net, (vi) the impact of restructuring and other charges, and lease accounting adjustments 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) potential state, federal and international regulation of voice conferencing and related compliance and operating costs, regulatory assessments and potential suspensions of service pending compliance with such regulation, and (x) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its 2004 Annual Report on Form 10-K. The Company undertakes no obligation to update any forward-looking statements.

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Contacts:

Lightbridge, Inc.
Lynn Ricci
781-359-4854
lricci@lightbridge.com