Redknee Common Shares Approved for Trading on Toronto Stock Exchange



    
    Listing will allow Redknee to broaden its investor base

    Redknee ("Redknee" or "the Company")

    
    TORONTO, Oct. 21 /CNW/ -- Redknee (AIM: RKN), a leading provider of
mission-critical software and solutions for communications service providers,
is pleased to announce that it has been approved for listing on the Toronto
Stock Exchange ("TSX"), one of the largest exchange groups in the world for
high growth technology companies.
    Trading in Redknee shares on the TSX is anticipated to commence at 9:30
a.m. EDT on October 22, 2008 with the symbol RKN. Redknee believes the listing
of its shares on the TSX will enable it to broaden its investor base, raise
the Company's profile in Canada and North America and provide a presence on
its local Canadian exchange.
    The TSX listing is in line with Redknee's growth strategy to increase
market share in key geographic regions while continuing to add new operators,
increase sales within its existing customer base and follow its disciplined
product development strategy. Part of this strategy involves continuing to
assess strategic acquisition opportunities as well as key technical and sales
partnerships. The listing on the TSX will support many of these activities by
allowing Redknee to broaden its profile across a number of territories and
expand its investor base in Canada and North America.
    In February 2007, Redknee was admitted to trading on AIM, raising
CAD$35.7 million net of expenses.  The Company's strategy following admission
has been to invest and expand its sales, marketing and customer support
capabilities as well as funding ongoing research and product development.
    The Company remains committed to its AIM listing and UK shareholders, and
Redknee's listing on the AIM market will continue and remains unaffected by
the listing of Redknee shares on the TSX.  Redknee is headquartered in
Toronto, Canada and has customers in more than 50 countries worldwide.
    
    Lucas Skoczkowski, Redknee's Chief Executive Officer commented:
    
    "We always intended to list Redknee on the TSX and are delighted to have
completed this process, and we remain committed to Redknee's strategy to
address the significant market opportunity in the high growth markets of
Africa, Middle East and Asia."
    As approved by Redknee's shareholders at the Shareholder AGM held in June
2008, Redknee's Articles of Association will be amended upon listing on TSX to
remove its status as a mutual fund corporation.  Redknee's TSX symbol will be
(TSX: RKN).
    
    For more information about Redknee, visit www.redknee.com
    About Redknee:
    
    Redknee is a leading global provider of innovative communication software
products, solutions and services. Redknee's award-winning solutions enable
operators to monetize the lifetime value of each subscriber transaction while
personalizing the subscriber experience to meet mainstream, niche and
individual market segment requirements. Redknee's revenue generating solutions
provide advanced converged billing, rating, charging and policy for voice,
messaging and new generation data services to over 60 network operators in
over 50 countries. Established in 1999, Redknee Solutions Inc. (RKN: AIM) is
the parent of the wholly-owned operating subsidiary Redknee Inc. and its
various subsidiaries. References to Redknee refer to the combined operations
of those entities. For more information, visit http://www.redknee.com
    
    Caution Regarding Forward-Looking Information
    
    This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that relate to
Redknee's growth strategy, market share, and strategic acquisition
opportunities.  Such forward-looking statements are not promises or guarantees
and involve known and unknown risks, uncertainties and other factors and
assumptions that may cause the actual results, performance or achievements of
Redknee, or developments in Redknee's business or industry, to differ
materially from the anticipated results, performance or achievements or
developments expressed or implied by such forward-looking statements. Such
factors include, but are not limited to:  the demand for the Company's
products; the potential for growth in the markets served by Redknee; the
Company's position in the market and future opportunities therein;
fluctuations in Redknee's revenues from quarter to quarter and year to year
depending upon sales cycles; customer demand and the timing of customer
purchase decisions; intense competition in the markets in which Redknee
competes; technological change and changes in the industry in which Redknee
competes; changing global economic conditions and uncertainties; the impact of
foreign currency exchange rates; credit and collection risk; departure of key
personnel; departures of key customers; and other risks detailed from time to
time in the Company's filings with the Ontario Securities Commission including
Redknee's Annual Information Form dated for the fiscal year ended September
30, 2007.  Readers are cautioned not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
Forward-looking statements are provided for the purpose of providing
information about management's current expectations and plans relating to the
future.  Readers are cautioned that such information may not be appropriate
for other purposes.  Redknee does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any forward-
looking statements to reflect any change in its expectations or any change in
events, conditions or circumstances on which any such statement is based,
except as required by law.




For further information:

For further information: Media, Ashleigh Young, Mi liberty, +44 (0)20
7751 4444, ayoung@miliberty.com, for Redknee; or Mark Yaphe of Redknee, Vice
President, Product Management & Marketing, +1-905-625-2298,
mark.yaphe@redknee.com; or Nomad, Ryan Gaffney or Andrew Chubb, +44 (0) 207
050 6500, both of Canaccord Adams Limited, for Redknee; or Financial Public
Relations, Jeremy Garcia of Buchanan Communications, +44 (0) 20 7 466 5000,
jeremyg@buchanan.uk.com, for Redknee; or Colley Clarke of Redknee Solutions,
Chief Financial Officer, +1-905-625-2604, colley.clarke@redknee.com Web Site:
http://www.redknee.com


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