Product Update

RNS Number:9592H
Redknee Solutions Inc.
19 November 2007









Media Relations Contact:                Investor Relations Contact:

Heidi Rosenberg                         Jeremy Garcia
NPI PR                                  Buchanan Communications
[phone]                         [phone]
[e-mail]                         [e-mail]

Dalia Asterbadi                         Colley Clarke
[phone]                         [phone]
[e-mail]             [e-mail]


Immediate Release                                    19 November 2007




                              Redknee Solutions Inc
               
                Redknee Extends Turnkey Converged Billing Solution

                           with Mobile Money Services

  Mobile Money Services, the Latest Offering of the Turnkey Converged Billing
      Solution, Enables Faster and Easier Remittances for Emerging Markets


TORONTO -Nov. 19, 2007 - Redknee Solutions Inc. ("Redknee" or the "Company")
(AIM: RKN), a leading provider of innovative infrastructure software that
monetizes and personalizes services and content for mobile operators, today
announced it has extended the real-time Turnkey Converged Billing solution with
the introduction of Mobile Money Services.


Redknee Mobile Money Services is a licensable option that is now available to
mobile operators who want to offer secure, easy-to-use and cost-effective mobile
money capabilities across different mobile access networks, operators and
international borders.


Redknee's value-added Mobile Money Services allows self-care mobile account
top-ups and money transfers for mobile operators to take a leadership approach
to mobile money services. A number of significant drivers make this an
attractive new service offering for mobile operators in emerging markets such as
Africa, Middle East and S.E. Asia. Redknee's unique centralized solution and
integration support for multi-vendor networks can provide a strong, sustainable
competitive advantage to capture the growing need for mobile money services.


"Our recent research indicates that 85% of the next billion mobile subscriptions
will come from emerging markets such as Africa, Middle East and Southeast Asia.
However, according to the GSM Association, less than 1 billion out 6.5 billion
people worldwide have a bank account," said Leslie Arathoon, Director, Product
Strategy with Pyramid Research. "This fact, coupled with increasing
liberalization of wireless regulations and the growing sophistication of
telecommunications infrastructure in emerging markets have set the stage for
widespread demand for and adoption of mobile funds transfer services. As funds
transfers and other mobile money activities play an increasingly larger role in
the economies of many countries, carriers who can deliver differentiated,
low-cost mobile money services will have a competitive advantage."


Lucas Skoczkowski, CEO at Redknee commented:

"We expect that Redknee's Mobile Money Services will benefit both the operators
and subscribers in the emerging economies worldwide.  Redknee is capable and
committed to meeting the requirements of emerging markets with product quality,
scalability and innovation, as exemplified through our modular deployments of
the Turnkey Converged Billing solution. We expect to build upon the strong
demand from our existing customers and capture additional market share from new
customers interested in enhancing their business."


Mobile Money Services provides a centralized and scalable solution that
addresses current and anticipated mobile fund transfer needs of mobile
subscribers. The system provides taxation, currency conversion and settlement to
support mobile operator partnerships. Mobile Money Services offers mobile
operators a configurable suite of services without the need to uplift existing
infrastructure, accelerating the time to market and rapidly driving usage,
adoption and new revenues.


For more information on Redknee, visit www.redknee.com.


About Redknee
Redknee (RKN : AIM), established in 1999, provides real-time monetization and
personalization products, solutions and services to over 30 mobile operators
globally. Redknee Monetization products enable mobile network operators to
optimize the lifetime value of each subscriber through advanced billing, rating
and charging. Redknee Personalization products enable operators to offer
personalized voice, messaging, and data services for the enterprise and
consumers to meet mainstream, niche and individual market segment requirements.
Redknee customers provide services to over 290 million wireless subscribers in
over 20 countries. Redknee Solutions Inc. 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 www.redknee.com.











                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCUWSARBNRAAUA