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Lightbridge Answers Sprint's Call

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Posted July 16, 2001 By Staff     Feedback

The Burlington, Mass., provider of business software to wireless carriers wins a three-year national contract extension from Sprint.

By Staff

Lightbridge (NASDAQ:LTBG), a Burlington, Mass., provider of business software to wireless carriers, has received a three-year contract extension from Sprint (NYSE:PCS). Financial terms were not disclosed.

The deal covers Lightbridge's customer acquisition system, which is used by Westwood, Kansas-based Sprint PCS to assess and sign-up new users.

"Lightbridge is providing Sprint PCS with what we believe, are the best tools available in the marketplace today to efficiently acquire quality customers while simultaneously controlling risk and combating subscription fraud," said Brian Connolly, a Lightbridge vice president of sales.

In addition to customer relationship management, Lightbridge's products also cover prepaid calling and real-time billing services.

Earlier this month, Lightbridge warned that second-quarter revenues would be between $45 million and $46 million -- be eight to 10 percent below expectations. Earnings per share are expected to be between 19 cents and 20 cents per share -- down from 23 cents per share in the same period a year ago.

Shares of LTBG were off 0.14, or 1 percent, to 14.95 at midday. In the last 52 weeks, the issue has ranged from 7.125 to 27.5.

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