Redknee to list on Toronto Stock Exchange

    RNS Number : 2816G
  Redknee Solutions Inc.
  21 October 2008
   

 For Immediate Release  21 October 2008
    Redknee
    ("Redknee" or "the Company")

    Redknee Common Shares Approved for Trading on Toronto Stock Exchange
    
Listing will allow Redknee to broaden its investor base

    TORONTO - October 21, 2008 - 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. EST 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 additional information please contact:

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


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