07.03.2005 15:17:00
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Dobson Communications Extends Contract with Lightbridge; Lightbridge t
Business Editors/High-Tech Editors
BURLINGTON, Mass.--(BUSINESS WIRE)--March 7, 2005--Lightbridge, Inc. (NASDAQ: LTBG), a leading analytics, decisioning and e-commerce company, today announced that Dobson Communications Corporation (NASDAQ: DCEL) agreed to continue its successful utilization of the Lightbridge Customer Acquisition System(TM) (CAS) through 2007. Since 1997, Lightbridge's CAS service has provided Dobson with a high performance solution that screens subscriber applicants for wireless service plans at the point of purchase. Dobson leverages Lightbridge's analytic capabilities to streamline the decisioning process while managing fraud and reducing bad debt.
"We've been very pleased with our success with Lightbridge in streamlining the customer acquisition process," said Brian Boone, vice president of Business Operations for Dobson Communications. "Lightbridge's CAS solution enables us to provide a very quick turnaround on credit checks and application approvals, while at the same time, offering a quick and efficient way to minimize our bad debt exposure through the use of their Insight and ProFile databases, risk scoring and fraud detection solutions."
Commenting on the contract renewal, Bob Donahue, president and CEO of Lightbridge, stated, "We are very pleased to have been selected once again as Dobson's preferred supplier of customer acquisition and fraud screening products. Contract renewals are the ultimate acknowledgement that we are meeting our client satisfaction targets. This extension is a testament to the high level of value we are delivering to this important client."
About Dobson Communications
Dobson Communications is a leading provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns wireless operations in 16 states, with markets covering a population of 11.8 million. The Company serves 1.6 million customers. For additional information on the Company and its operations, please visit its Web site at http://www.dobson.net.
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 or call 800-LIGHTBR.
Note to Editors: LIGHTBRIDGE is a registered trademarks and Customer Acquisition System, CAS and the Lightbridge logo 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 objectives, plans, strategies and commitments for the future 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, the 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 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, strategies or commitments as a result of potential technological, operational, market or competitive factors, or the acquisition of Authorize.Net, (vi) continuing demand for the Company's products and services, and (vii) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its 2003 Annual Report on Form 10-K and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2004. The Company undertakes no obligation to update any forward-looking statements.
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CONTACT: Lightbridge, Inc. Lynn Ricci, 781-359-4854 Investor & Media Relations lricci@lightbridge.com
KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: SOFTWARE INTERNET E-COMMERCE MARKETING AGREEMENTS SOURCE: Lightbridge, Inc.
Copyright Business Wire 2005
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