Lightbridge announces FraudBuster(R) release 7.0 with new predictive intelligence

New Predictive Intelligence Capabilities Available With Lightbridge Fraud Centurion Suite; New Capabilities Allow Carriers to Quickly Realize a Return on Investment Through Demonstrable Reduction in Lost Revenue Due to Fraud

NEW ORLEANS, March 17, 2003 -- CTIA Wireless, Exhibit #6721 -- Lightbridge, Inc. (Nasdaq: LTBG), a global enabler of mobile business solutions for communications providers and online businesses, today announced the availability of FraudBuster(R) Release 7.0, an enhanced version of its industry-leading fraud management software for wireless carriers. Available as part of the Lightbridge(R) Fraud Centurion(R) Suite, FraudBuster 7.0 now includes new predictive intelligence, as well as additional workflow and automation features that help wireless carriers quickly and accurately identify and stop fraud. FraudBuster 7.0 further reduces the potential for loss and generates a quicker return on the carriers' revenue assurance investment.

The predictive intelligence module of FraudBuster 7.0 increases the speed and accuracy of fraud detection. At the heart of this module resides a supervised neural network which is born from Lightbridge's 13 years of experience helping wireless carriers detect fraudulent behavior patterns. This new intelligence module supplements Fraud Centurion's proven rules-based engine by analyzing subtle patterns in usage and subscriber data to quickly reveal behavior that is indicative of fraud. In 2002, Lightbridge Fraud Centurion monitored nearly 100 billion calls for fraud from a subscriber community of more than 55 million.

"With billions lost annually to telecommunications fraud, carriers need solutions that will help them quickly and efficiently identify fraudulent behavior patters," said Mike Mitsock, vice president of worldwide marketing and product management at Lightbridge. "In the ongoing war against identity theft and fraud, carriers are continuously looking for new solutions that quickly filter and prioritize the most critical information to be used by fraud analysts conducting investigations."

"Rules-based engines and predictive intelligence on their own are not silver bullets for identifying and mitigating fraud, but rather the combination of the two, as found in FraudBuster 7.0, offers carriers a powerful solution for fraud detection," stated Roger Entner, program manager, Wireless Mobile Services at The Yankee Group.

Lightbridge has leveraged its extensive experience working with global carriers of all sizes to build new models, workflow functionality and automation into FraudBuster 7.0 that meet the growing needs of carriers to reduce losses and improve fraud management efficiencies.

Additional New FraudBuster 7.0 Features

* Automated Suspect Number Management -- Gives carriers the ability to automatically identify and track subscriber phone numbers that are associated with fraud, thus improving fraud detection rates.

* Call Value Algorithm -- Offers analysts enhanced fraud investigation efficiency by highlighting calls with the greatest exposure to fraud based on cost calculation.

* Enhanced Reporting Capabilities -- Offers organizations new reporting functionality designed to monitor system and analyst effectiveness, including Return On Investment reports that highlight dollar savings via averted revenue loss, System Accuracy, Event Statistics by Group and Automated Suspect Number reports.

* Enhanced Account Visibility and Management -- Improvements to the user interface designed to enhance analyst workflow and efficiency by allowing analysts to view multiple services associated with a single account while investigating and closing a fraud investigation.

* Oracle 9i Integration -- Supports latest version of Oracle 9i and allows Fraud Centurion users to leverage new Oracle 9i functionality.

About Lightbridge, Inc.

Lightbridge is a global enabler of mobile and online business solutions, offering software and services designed to maximize the lifetime value of customers, minimize risk, and drive profitability. Lightbridge real-time applications qualify customers, assess credit, screen for fraud, authenticate customers, monitor transaction behavior, and prevent identity theft. Each year, Lightbridge manages and safeguards the personal information of millions of subscribers representing billions of transactions around the world.

Since 1989, Lightbridge has helped wireless carriers reduce the risks associated with 'faceless transactions.' Today's Lightbridge is applying that carrier-grade reliability and scalability to global e-businesses that want to minimize online customer risk with effective, efficient automated processes. Our combined solutions and services create a trusted environment for customers, while safeguarding business information and transactions. Businesses supported by Lightbridge have the competitive edge to translate prospects into profitable lifetime customers, whether transactions are completed on wired, wireless, or Internet devices. Visit us at http://www.lightbridge.com or call 800-LIGHTBR.


      Editorial Contacts:
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      Media Relations                      Matthew Geissman
      Lightbridge, Inc.                   PR Counsel for Lightbridge
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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, services and technology, market and industry trends, 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) 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, (iii) uncertainties associated with the Company's ability to develop new products, services and technologies, (iv) market acceptance of the Company's new products, services, and technologies, and continuing demand for the Company's products, services, and technologies by telecommunications companies, (v) the impact of competitive products, services and pricing on both the Company and its clients, (vi) current and future economic conditions including, without limitation, decreases or delays in capital spending by carriers and in new subscriber growth and global economic recession, (vii) the Company's ability to execute on its plans or strategies including, without limitation, its plans to develop integrated solutions with Siebel and to develop alliances, (viii) economic and political instability in the domestic and international markets including, without limitation, the impact of terrorist threats and hostilities and the declaration of war or similar actions, (ix) uncertainties associated with the Company's ability to expand into new markets, and (x) 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.

SOURCE Lightbridge, Inc.

Web Site: http://www.lightbridge.com