Redknee Secures New Customer - Powers Personalized Services for North American Tier-One Communications Service Provider



    
    Multi-million dollar Contract will ENABLE subscribers to personalize their
    wireless experience

    
    TORONTO, Jan. 20 /CNW/ -- Redknee (TSX/AIM: RKN), a leading provider of
mission-critical software and solutions for communications service providers,
today announced that a North American tier-one communications service provider
has awarded Redknee a multi-million dollar contract for a solution that will
enable its wireless subscribers to gain greater control over their mobile
experience by being able to set individual user limits and preferences for
voice, text, and data services. The company anticipates that the bulk of the
revenue from this contract will be recognized during fiscal 2009.
    By allowing wireless subscribers to personalize individual settings
within their family or corporate accounts, subscribers can control costs,
better manage time, and help keep adult and other inappropriate content off of
the handset. Families can help ensure a safer wireless experience with better
control over monthly bills, while corporate users can reduce costs and protect
accounts from misuse or abuse.
    This solution is part of Redknee's new Next Generation Rating and
Charging portfolio, which allows network operators to effectively
differentiate themselves from their competitors, while boosting consumer
loyalty and customer satisfaction.
    
    Lucas Skoczkowski, CEO of Redknee, commented:
    
    "We are delighted to have secured this contract to provide a leading U.S.
operator with a solution from our Next Generation Rating & Charging portfolio.
Redknee, with its real-time capabilities, continues to gain market share in
the growing wireless segment. Additionally, we are also focused on addressing
the needs of fixed, broadband, and satellite operators - further increasing
our addressable market opportunities. Redknee's strategy is to leverage the
strength of our solutions to pursue the high growth markets of Africa, the
Middle East and Asia Pacific, while addressing growth segments of Tier-1
operators in Europe and North America."
    
    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 70 network operators in
over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX/AIM: RKN)
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 preliminary unaudited estimate of revenue expected to be recognized
in fiscal 2009 from a purchase order.  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: 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 additional information please contact:
    

    
    Media Relations Contact:
    US: Simon Marshall
    Mi liberty
    +1 770 919 7366
    smarshall@miliberty.com
    

    
    EMEA: Ashleigh Young
    Mi liberty
    +44 20 7751 4444
    ayoung@miliberty.com
    

    
    Mark Yaphe, Vice President, Product Management & Marketing
    +1 905 625 2298
    mark.yaphe@redknee.com
    

    
    Nomad:
    Canaccord Adams Limited
    Ryan Gaffney/Andrew Chubb
    +44 (0) 207 050 6500
    

    
    Financial Public Relations:
    Jeremy Garcia
    Buchanan Communications
    +44 (0) 20 7 466 5000
    jeremyg@buchanan.uk.com
    

    
    Redknee Solutions:
    Colley Clarke, Chief Financial Officer
    +1 905 625 2604
    colley.clarke@redknee.com

    




For further information:

For further information: Media Relations: US: Simon Marshall, Mi
liberty, +1-770-919-7366, smarshall@miliberty.com; EMEA: Ashleigh Young, Mi
liberty, +44-20-7751-4444, ayoung@miliberty.com; Mark Yaphe, Vice President,
Product Management & Marketing, +1-905-625-2298, mark.yaphe@redknee.com;
Nomad: Ryan Gaffney or Andrew Chubb, both of Canaccord Adams Limited,
+44(0)207-050-6500; Financial Public Relations: Jeremy Garcia, Buchanan
Communications, +44(0)20-7-466-5000, jeremyg@buchanan.uk.com; Redknee
Solutions: Colley Clarke, Chief Financial Officer, +1-905-625-2604,
colley.clarke@redknee.com, all for Redknee Web Site: http://www.redknee.com


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