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BTC Deploys Lightbridge PrePay IN Solution.

Business Editors

SAO PAULO, Brazil--(BUSINESS WIRE)--March 3, 2004

Successful Integration of Lightbridge PrePay IN Solution with

Nortel Networks Allows BTC to Provide Prepaid Wireless Voice,

Data and Multimedia Services

Lightbridge, Inc. (Nasdaq: LTBG), a leading provider of technology solutions that manage customer transactions, today announced that the Lightbridge(R) PrePay IN(TM) solution has been successfully implemented by Bahamas Telecommunications Company, Ltd. (BTC), the primary operator in the Bahamas. This deployment allows BTC to deliver prepaid subscribers new, revenue-generating voice and data services.

The implementation supports BTC with its end-to-end Intelligent Network (IN) prepaid voice and data services solution and implementation consulting services as a part of this new relationship. The Lightbridge solution allows BTC to simplify the migration to its next-generation wireless network by supporting both TDMA and GSM/GPRS technologies on a single platform. The real-time rating engine at the core of this solution, supporting voice, data and short message services (SMS), enables BTC to introduce innovative rate plans and marketing programs targeted to specific market segments.

"We are excited to be up and running with Lightbridge PrePay IN, which gives us the ability to bring new data services to our GSM subscriber base," said Leon Williams, chief operating officer and senior vice president at BTC. "We chose Lightbridge because its solution is making it possible for us to manage both our TDMA and GSM subscribers on a single, cost-effective platform."

"The Lightbridge PrePay IN solution will enable BTC to offer its prepaid customers the most comprehensive voice and data features and functionality available," said Ed DeArias, vice president, worldwide sales and marketing of Lightbridge. "The continued success of our relationship with Nortel Networks is a testament to both companies' commitment to meet operators' needs for highly scalable, cost-effective solutions, while providing the services that attract, retain and increase network usage of subscribers."

Lightbridge, Inc. and Nortel Networks recently reached an agreement to resell the Lightbridge PrePay IN solution to Nortel's GSM customers around the world.

Lightbridge PrePay IN is a leading infrastructure-independent solution for wireless prepaid billing. Based on industry standard hardware and software, it supports multiple wireless technology standards as well as multiple infrastructure vendor providers. The feature-rich, highly scalable IN-based application enables the wireless operator to offer high-quality, innovative subscriber services such as virtual private network (VPN), call waiting, three-way calling, call forwarding, FreePhone, premium rate, prepaid long distance and individual call screening (ICS). The Lightbridge PrePay IN solution supports more than 34 million prepaid subscribers worldwide.

About Bahamas Telecommunications Company, Ltd.

The Bahamas Telecommunications Company Ltd. (BTC) has been a regulator until 2000 and continues to be a provider of telecommunications services in The Bahamas for more than 100 years. Today, the company offers modern, fully digital switching networks which provide high-speed communications services to residential and business consumers throughout the Bahamas. These services are transmitted via fibre optics, copper, coaxial, satellite and wireless media. Additional information on BTC can be obtained from our web site at www.btcbahamas.com.

About Lightbridge

Lightbridge is a leading provider of technology services and software that manage customer transactions. Lightbridge's suite of solutions leverages both intelligent automated systems and human expertise, delivered via 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, ensure secure payments and optimize the Lifetime Value of their customers. For more information, visit www.lightbridge.com or call 1-800-LIGHTBR.

LIGHTBRIDGE and the Lightbridge logo are registered trademarks and PREPAY and PREPAY IN are trademarks of Lightbridge, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

Forward-Looking Statements

Statements that 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 Company's products and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of the Company, and are subject to significant 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) 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 other markets in which the Company does business that may affect both the Company and its clients, (iv) continuing demand for the company's products, (v) the Company's ability to execute on its plan to develop alliances and strengthen current alliances, and (vi) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 3, 2004
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