Lightbridge Appoints Industry Veteran as Director of Business Alliances; Larry Lindquist To Lead Lightbridge's Partner Program.

Business/Technology Editors

BURLINGTON, Mass.--(BUSINESS WIRE)--March 12, 2001

Lightbridge, Inc. (Nasdaq:LTBG), a global provider of mobile business solutions to wireless carriers, today announced the appointment of Larry Lindquist as director of business development. In this role, Lindquist will work closely with the Lightbridge executive team to further develop and strengthen the company's global partnership and alliance program.

Lindquist is responsible for the development of a global business strategy, creation of policies and procedures for external strategic partners, establishment of appropriate criteria and processes for partner selection, determination of resource needs, and development of a team to deliver on business initiatives. This new team will be charged with creating alliances to strengthen Lightbridge and its position as a leading telecommunications provider to the international marketplace.

"Because the wireless industry is driven and defined by partnerships, it is important that each company capitalize on its collective strengths and proficiencies to fully meet the increasing industry demands," said Brian Connolly, vice president of sales. "We are fortunate to be able to draw on Larry's exceptional experience and keen insight to drive the development of Lightbridge's strategic partnerships. Moreover, his ability to provide competitive assessment and analysis of the market will prove invaluable as Lightbridge moves to keep pace with the evolving wireless industry."

Lindquist joins Lightbridge from OrderTrust, a leading order processing network company for the e-commerce and direct marketing industries. At OrderTrust, he served as the Company's senior business development manager, focusing on structuring and closing new strategic, marketing and reseller partnerships.

Prior to his employment at OrderTrust, Lindquist spent three years at Bell Atlantic Directory Group (BADG), serving as the company's associate director of strategy and business development.

A resident of Topsfield, Mass., Lindquist earned a bachelor of arts in political science from the University of New Hampshire, a graduate certificate for management and administration from Harvard University Extension and a masters in business administration from Suffolk University School of Management.

About Lightbridge

Lightbridge is a global provider of mobile business solutions, offering wireless carriers a flexible, comprehensive suite of technologies and services designed to increase revenue, productivity and customer loyalty. Building on its 12 year heritage in the wireless telecommunications arena, Lightbridge integrates a reliable infrastructure for the mobile business economy that supports the complete customer lifecycle, including customer acquisition, risk management, prepay and replenishment, customer relationship management and retention. On February 7, 2001, Lightbridge completed an acquisition of Corsair Communications, Inc., a provider of real-time, prepaid billing solutions for the global wireless industry. While continuing to set the standards for pervasive customer care, Lightbridge now enables carriers to significantly increase the volume of new subscribers by offering either prepay or post pay billing administration models. For more information visit http://www.lightbridge.com or call 800-LIGHTBR.

Forward-looking Statements 

Statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. Such statements include, but are not limited to, statements about the future financial performance of the company as well as the company's plans, objectives, expectations, intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of Lightbridge, and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements.

The matters discussed in this release include forward-looking statements that may involve a number of risks and uncertainties. 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) continuing rapid change in the telecommunications industry that may affect both Lightbridge and its clients, (iii) uncertainties associated with Lightbridge's ability to develop new products, services and technologies, (iv) market acceptance of Lightbridge's new products and services and continuing demand for Lightbridge's products and services by telecommunications companies, (v) the impact of competitive products, services and pricing on both Lightbridge and its clients, (vi) changing economic conditions, (vii) integration, employee retention, recognition of cost and other benefits and revenue synergies, and other risks associated with acquisitions including the corsair merger, (viii) the company's ability to execute on its plans, (ix) economic and political instability in the domestic and international markets and (x) the factors disclosed in Lightbridge's filings with the u.s. Securities and exchange commission. Lightbridge undertakes no obligation to update any forward-looking statements.

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