Redknee Launches Mobile Money Airtime Reseller

    RNS Number : 9145V
  Redknee Solutions Inc.
  04 June 2008
   

 For immediate release  4 June 2008


    Redknee Solutions Inc.
    ('Redknee' or 'the Company')


    Redknee Launches Mobile Money Airtime Reseller 

    Telecom Management Group MDC Purchases Voucherless Top-Up Solution Designed for Pre-Paid Wireless Subscribers

    TORONTO - June 4, 2008 - Redknee (AIM: RKN), a leading provider of mission-critical software and services for communications service
providers, including end-to-end convergent billing, real-time charging and rating and personalization, today announced the launch of Mobile
Money Airtime Reseller. The solution, recently purchased by telecom management group MDC, enables voucherless, pre-paid wireless airtime
top-up, and addresses the needs of many high-growth/emerging market operators and subscribers.

    "MDC needed a reliable and flexible charging alternative to the traditional top-up voucher," stated Hussein Rifai, Chairman of MDC.
"High-growth markets often require creative solutions to address unique business challenges, and we looked to Redknee to deliver the
solution best suited to our distinct needs."
    Mobile Money Airtime Reseller distributes airtime from the operator to dealers and airtime resellers who trade directly with the
pre-paid wireless subscriber using mobile handsets, eliminating the reliance on physical retail vouchers or wireless phone cards.  Once
distributed to the dealer/reseller network, the airtime is sold and transferred to the end subscriber with a markup allowing the dealer and
reseller to earn income.  In addition to creating an entrepreneurial framework, the operator benefits from reduced overhead and distribution
costs by eliminating the need to produce and support vouchers. This service is especially tailored for high-growth markets where issues of
theft and fraud or the lack of retail infrastructure would otherwise hinder voucher sales and top-up capabilities.
    Historically, the purchase of pre-paid top-up minutes has largely occurred through a physical voucher-based distribution system, but is
now trending towards the use of a secure mobile network that allows for the seamless, affordable transfer of airtime minutes, boosting the
productivity and efficiency of all entities involved in these services. 
    "According to recent industry research, high-growth markets now comprise over 40 percent of wireless operator EBITDA and over 90 percent
of growth, and mobile money capabilities are becoming an increasingly essential part of the subscriber's everyday life in these regions,"
said Lucas Skoczkowski, CEO at Redknee. "Once again, Redknee is at the forefront of providing innovative solutions that operators require in
order to capture additional revenue and grow their subscriber base in even the most challenging environments." 

    Mobile Money Airtime Reseller is a product within Redknee's Mobile Money Services, which is a component of the Turnkey Converged Billing
product portfolio enabling sophisticated top-up, money transfer and payment applications for users and third parties.

    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. (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, please visit
www.redknee.com.
    About MDC
Management & Development Company is headquartered in Lebanon and focused on the management of telecommunications operations in Africa and in
the CIS region. It provides hands on expertise and understanding of the local markets for optimization of the operations and achievement of
leadership position in the markets served.

    For additional information please contact:

 Media Relations Contact:        Financial Public Relations :
 Heidi Rosenberg                 Jeremy Garcia 
 NPI PR                          Buchanan Communications
 [phone]                 [phone]
 [e-mail]                 [e-mail]


                                 Redknee Solutions:
                                 Colley Clarke, Chief Financial
 Mark Yaphe, Vice President,     Officer
 Product Management & Marketing  [phone]
 [phone]                 [e-mail]
 [e-mail]


 Nomad:
 Canaccord Adams Limited
 Ryan Gaffney/Andrew Chubb
 [phone]


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