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Lightbridge Announces Update on Strategic Review14 December 2005
Lightbridge, Inc. (NASDAQ: LTBG), a leading
analytics, decisioning and e-commerce company, today announced that it has
concluded its investigation of possible strategic alternatives for its
Telecom Decisioning Services (TDS) business.
The Company reviewed a number of possibilities and has decided to continue
to operate the business.
Commenting on the decision, Bob Donahue, president and CEO, stated, "Over
the last six months, we have been fully engaged in the process of exploring
alternatives and opportunities for TDS. The process has run its course and
we believe it is in the best interest of our shareholders to retain the
business."
Donahue added, "Our existing customer relationships are important to us.
We will continue to provide our clients, the national and regional wireless
carriers, with high quality credit decisioning and analytics as well as
customer contact services."
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 and payment
authorization services. Lightbridge solutions leverage intelligent
automated systems and human expertise, delivered primarily through the
efficiencies and cost savings of an outsourced business model. Businesses
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.
Note to Editors: LIGHTBRIDGE is a registered trademark and the Lightbridge
logo is a trademark 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 belief that it is in the best interest of its shareholders to
continue to operate the TDS business and 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, (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
2004 Annual Report on Form 10-K and its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2005. The Company undertakes no obligation
to update any forward-looking statements.
Contacts
Lynn Ricci
Investor & Media Relations
Lightbridge, Inc.
781/359-4854
Email Contact
SOURCE: Lightbridge
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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