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Lionbridge Announces the Resignation of its Chief Financial Officer
Aug 02, 2007 (08:08 AM EDT)


WALTHAM, Mass., Aug. 2 /PRNewswire-FirstCall/ -- Lionbridge Technologies, Inc. today announced that Steve Lifshatz will step down as senior vice president and chief financial officer effective August 24, 2007. The Company stated that Lifshatz's resignation is unrelated to his work performed at Lionbridge and no issues have been raised regarding the integrity of the company's financial statements.

"During his ten-year tenure with Lionbridge, Steve has made significant contributions to the Company," said Rory Cowan, CEO, Lionbridge. "We appreciate his dedication to the successful expansion of our business and wish him the best."

The Company has launched a search to identify a replacement Chief Financial Officer. Mr. Lifshatz will remain as CFO through August 24, 2007, at which time Jeff Fitzgerald, Lionbridge's Vice President and Controller, will assume the role of interim Chief Financial Officer until a permanent successor is hired.

About Lionbridge

Lionbridge Technologies, Inc. http://www.lionbridge.com 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 solution centers in 25 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit .

Contact: Sara Buda Lionbridge Technologies (781) 434-6190 sara_buda@lionbridge.com

CONTACT: Sara Buda of Lionbridge Technologies, +1-781-434-6190, sara_buda@lionbridge.com

Web site: http://www.lionbridge.com//