Credit Guides And Credit Services

Lightbridge's Authorize.Net Partners with Infinite Peripherals on New Mobile Payment Solution

LAS VEGAS--(BUSINESS WIRE)--April 19, 2004--Lightbridge, Inc. (Nasdaq:LTBG), a leading provider of technology solutions that manage customer transactions and the parent company of Authorize.Net, and Infinite Peripherals, a leading provider of handheld mobile solutions, today announced a partnership to bring full-service wireless payment processing to the mobile marketplace via the Authorize.Net Payment Gateway.
This partnership will enable merchants with an Authorize.Net Payment Gateway account to process credit card transactions initiated through a PDA or Smart Phone and Infinite Peripherals' hardware payment solution. This combination creates a convenient, flexible, and secure payment solution for mobile merchants who otherwise would not be able to process credit card transactions.

"We are very excited to partner with Infinite Peripherals to bring this new mobile solution to our resellers and merchants," said Prakash Kondepudi, executive vice president, Lightbridge's Authorize.Net Business Unit. "Now, merchants can connect to the Authorize.Net Payment Gateway regardless of location, creating additional opportunities to drive sales and grow their businesses."

The distribution of this combined mobile payment solution will be handled by Authorize.Net resellers. The solution is being demonstrated by both companies at the Electronic Transactions Association (ETA) Annual Meeting and Expo at the MGM Grand in Las Vegas, April 21 and 22.

"This technology opens the door for merchants with mobile sales teams or non-traditional storefronts to expand their business and increase revenue by accepting more payment types from consumers," said Jeff Scott, director of marketing and sales for Infinite Peripherals. "We anticipate the opportunities for this technology to grow as businesses and consumers embrace the convenience and security of mobile transactions. Merchants will appreciate the ability to use their PDA or Smart Phone to process secure mobile transactions."

About Authorize.Net (www.authorize.net)

The Authorize.Net service 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, at retail, 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

Lightbridge, Inc. (Nasdaq:LTBG) is a leading provider of technology services and software that manage customer transactions. The Lightbridge suite of solutions leverages both 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 manage their customer transactions so they can make smarter decisions, deliver better services, provide secure payments, and optimize the Lifetime Value of their customers. For more information, visit www.lightbridge.com or call 1-800-LIGHTBR.

About Infinite Peripherals

Infinite Peripherals, Inc. was founded in 1993 as a source for receipt printers for the point-of-sale market. Seizing upon opportunities to sell into other markets, Infinite Peripherals now supplies printers, mechanisms, and other printer-related components to customers in the following markets: Mobility, Point of Sale, Gaming, Medical, Hospitality, ATM, Retail, Amusement, Security, Time and Attendance, and Industrial Measurement. Information about Infinite Peripherals can be found at http://www.ipcprint.com. Information about the Mobile Charge solution bundle can found at www.MobileCharge.Net.

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, products, services and markets 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) uncertainties about the impact of partnerships on the Company's business, (v) market acceptance of the Company's new 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, 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 2003 Annual Report on Form 10-K. The Company undertakes no obligation to update any forward-looking statements.

Contacts


Lightbridge, Inc.
Authorize.Net Business Unit
David Schwartz, 425-201-8687
or
Infinite Peripherals
Richard Keever, 866-278-7860 x224

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