Lionbridge Reports Record First Quarter.

M2 PRESSWIRE-9 May 2007-Top Of Our Radar: Lionbridge Reports Record First Quarter(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:09052007

Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Activity on the NASDAQ market has brought this company to the attention of our research team. Lionbridge Technologies, Inc. (Nasdaq: LIOX), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

Lionbridge Technologies, Inc. (Nasdaq: LIOX) announced financial results for the quarter ended March 31, 2007. Financial highlights for the quarter include:

* Revenue of $108.6 million, an increase of $7.3 million from the fourth quarter of 2006.

* Gross margin of 33.5%, an increase of 120 bps from the prior quarter.

* GAAP net income of $232,000, or $0.00 per share based on 60.8 million weighted average fully diluted shares outstanding. Net income increased by $6.2 million or $0.10 per share from the fourth quarter of 2006.

* Non-GAAP cash earnings of $4.4 million or $0.07 per share. This marks an increase of $3.5 million or $0.06 per share from the prior quarter. The Company defines non-GAAP cash earnings as net income excluding merger, restructuring and related costs, stock-based compensation, amortization of intangible assets and unusual charges. Please see the section of this release entitled "Non-GAAP Financial Measures" and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

* An ending cash balance of $16.9 million. The Company's seasonal cash consumption during the quarter resulted from working capital increases to fund the growth of the business and continued debt repayment.

* Revenue from the Company's top 10 customers in Q1 increased 13% compared to the prior year and 12% from the prior quarter. Lionbridge also secured several new client programs during the quarter including contracts with an international telecommunications company, a world-renowned consulting organization and a market-leading consumer electronics company.

Also during the quarter, the Company accelerated market adoption of Freeway(TM), Lionbridge's web-based language management platform. The Company ended the quarter with approximately 1,000 users worldwide on Freeway. In addition, Logoport(TM), the Company's next generation translation memory technology, is now used by more than 1,500 active translators every week. This innovative, internet-architected platform enables Lionbridge to streamline multilingual content management and enables clients to optimize their global information assets across their global organization.

"Our existing customer relationships are growing, our pipeline of new business is strong and market response to our language technology continues to exceed our expectations," said Rory Cowan, CEO, Lionbridge. "In the first quarter we delivered solid revenue growth and increased earnings. With our traditional mid-year revenue ramp ahead of us and ongoing operational efficiencies, we expect this positive momentum to continue in the second quarter and the second half of 2007."

The Company provided an overview of its revenue expectations for the second quarter of 2007 with estimated revenue of $114.0 to $119.0 million.

The Company will host a conference call today at 9:00 am ET regarding the content of this release. The conference call will be carried live on the Internet. Instructions for listening to the call over the Internet are available on the Investor's page of the Lionbridge web site at http://www.lionbridge.com/webcast/may8/ . A replay will be available at this location for a week.

Non-GAAP Financial Measures

In this release, the Company's Cash Earnings disclosures are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations or cash provided by operating activities. Cash Earnings represents GAAP Earnings excluding amortization of acquisition-related intangible assets, restructuring, unusual items and stock based compensation expenses. Cash Earnings are presented because management believes it provides additional information with respect to both the performance of our fundamental business activities as well as the Company's ability to meet future debt service and working capital requirements. Management believes the cash earnings information is useful to investors for these reasons. Cash Earnings is a non- GAAP financial measure and should not be viewed as an alternative to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure is net income and has provided a reconciliation of Cash Earnings to net income on the last page of this press release.

About Lionbridge

Lionbridge Technologies, Inc. (Nasdaq: LIOX) is a provider of globalization and offshoring services. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to globalization, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains 50 solution centers in 25 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.

During afternoon trading shares are up 14% to $5.99 with over 1.6 million in volume. The Market Gainer Research Team will continue to gauge the short and long term affects that this announcement will have on the company

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