Authorize.Net President, Roy Banks, Elected to Electronic Transactions

    Business Editors
    2005 ETA Annual Meeting & Expo

    LAS VEGAS--(BUSINESS WIRE)--March 15, 2005--Authorize.Net Corp., a service of Lightbridge Inc., (Nasdaq:LTBG), today announced that its president, Roy Banks, has been elected to the Electronic Transactions Association (ETA) Board of Directors.
    The ETA is an international trade association comprised of over 500 member companies from seven different countries that offer transaction processing products and services. The ETA's stated purpose is to "... influence, monitor and help shape the merchant acquiring industry by providing leadership through education, advocacy and the exchange of information" (http://www.electran.org/about/about_eta.asp).
    Banks joined Authorize.Net in July 1999 as vice president of business development. He was promoted to vice president and general manager in January 2000 and to president in October 2004. Under his guidance and leadership, Authorize.Net's merchant portfolio has grown from 35,000 active merchants to over 113,000. He has also been instrumental in the overall revenue growth and increased profitability of the Authorize.Net business. Prior to joining Authorize.Net, Banks held a number of positions with WordPerfect, Novell, Modus Media International and Power Quest. Prior to these positions, Banks served in the Department of the Navy from 1987 to 1992.
    "I am excited to be joining the Electronic Transactions Association Board of Directors," stated Banks. "Having recently served on the ETA Internet Committee, I truly understand and recognize first hand the value and vital role the ETA plays in helping to shape the payments industry. I sincerely believe I can make a difference and add significant value to the mission and objectives of the ETA and its ability to influence the payments industry."
    Added Robert Donahue, president and CEO of Lightbridge: "In the seven months we have been working together, I have been consistently impressed with Roy's leadership abilities and industry knowledge. Roy's extensive technology, sales and payments industry experience, plus his natural leadership abilities offer a unique blend of skills, experiences and credentials that will help increase the leadership and continued relevance of the ETA for years to come."

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

    Authorize.Net 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, 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(R) (www.lightbridge.com)

    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 or call 800-LIGHTBR.

    Note to Editors: AUTHORIZE.NET, LIGHTBRIDGE, and the Lightbridge logo are registered trademarks of Lightbridge Inc. 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 partnerships, memberships, products, services markets and growth prospects and successes 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 and payment processing industries, and other markets in which the company does business that may affect both the company and its clients, (iv) the impact of competitive products, services and pricing on both the company and its products and services, (v) market acceptance of the company's new or enhanced products, services and technologies, (vi) 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 or attacks on Authorize.Net's payment system that may impair the operations of its payment system, changes 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, and (vii) 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 and its most recent Quarterly Report on Form 10-Q. The company undertakes no obligation to update any forward-looking statements.

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CONTACT: Authorize.Net David Schwartz, 425-586-6039 or Lightbridge Inc. Lynn Ricci, 781-359-4854 lricci@lightbridge.com

KEYWORD: NEVADA MASSACHUSETTS UTAH INDUSTRY KEYWORD: RETAIL NETWORKING INTERNET E-COMMERCE TRADESHOW MANAGEMENT CHANGES SOURCE: Authorize.Net

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