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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Redknee Sol. | LSE:RKN | London | Ordinary Share | CA7575241038 | COM SHS NPV (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:0307F
Redknee Solutions Inc.
03 October 2007
For immediate release 3rd October 2007
Redknee Solutions Inc
("Redknee" or the "Company")
Trading Statement
Redknee Solutions Inc. (AIM: RKN), a leading provider of innovative
infrastructure software that monetizes and personalizes services and content for
mobile operators, announces the following trading update for the 12 month period
ended 30 September 2007.
Due to the delay in closing two customer contracts and a renegotiation of one
other, coupled with the negative impact of the strong Canadian dollar against
the US dollar, the Company's results will be below market expectations.
Canadian-based Redknee reports in Canadian dollars but generates a majority of
its revenue from US dollar priced and denominated contracts.
Demand for Redknee's products, in the emerging markets and with Tier 1
customers, continues to grow and is supported by an increase in the Company's
backlog of new orders year on year. In addition, the Directors believe that
investments made by the Company following the placing and admission to AIM in
February 2007 will have a positive impact on Redknee's operational performance
in fiscal 2008 relative to fiscal 2007.
The Directors remain confident about the medium and long-term trading prospects
for the Group and believe that global mobile spend will continue to drive growth
opportunities.
For further details please contact:
Redknee Solutions Inc. Tel: +1 905 625 2279
Lucas Skoczkowski, Chief Executive Officer Fax: +1 905 625 2604
Colley Clarke, Chief Financial Officer
Buchanan Communications Tel: +44 (0) 20 7466 5000
Jeremy Garcia
Canaccord Adams Tel: +44 (0) 20 7050 6500
Neil Johnson / Ryan Gaffney
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
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