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Redknee Announces Two Contracts With Digicel Group in Honduras and Panama

April 1, 2009

Solution Provides Postpaid Billing Services To Support Growth

TORONTO, April 1 /PRNewswire/ — Redknee (TSX: RKN), a leading provider of mission-critical software and solutions for communications service providers, is pleased to announce two contracts with the Digicel Group (“Digicel”), the largest mobile telecommunications operator in the Caribbean and a new entrant to the Central American mobile market.

Digicel selected Redknee’s Turnkey Converged Billing solution to provide postpaid billing, invoicing and some customer care services to operations in both Honduras and Panama, supporting Digicel’s rapid growth strategy.

As the fastest growing mobile network operator in the Caribbean and with ambitious growth prospects in Central and Latin America, Digicel required a scalable customer relationship management system with a proven invoicing solution for postpaid wireless customers.

Mario Assaad, Digicel Group’s Chief Technology Officer, stated:

Digicel has worked with Redknee as we have expanded services across the Caribbean and Central America. We are optimistic that these contracts will support our growth in Panama and Honduras.”

Lucas Skoczkowski, CEO of Redknee stated:

The high growth markets are an important part of Redknee’s growth strategy, and we have been consistently gaining market share in these regions, especially with our Turnkey Converged Billing solution. We look forward to continuing to support Digicel’s growth in Central 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 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: 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.

About Digicel:

Since its launch in 2001, Digicel has become the largest wireless telecommunications operator in the Caribbean and the fastest growing wireless operator in Central America and Pacific. The company operates in 31 markets worldwide with total investments exceeding US$3.4 billion.

For more information, visit www.digicelgroup.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 product performance and capabilities, Redknee, customer and third party investment and resource allocation decisions, and business, economic and market conditions. 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 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; investment and resource allocation decisions of the company and its customers and partners; product performance and capabilities of the company’s solutions and products; loss of key customers; and other risks detailed in the Company’s filings with the Ontario Securities Commission including Redknee’s Annual Information Form dated for the fiscal year ended September 30, 2008. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made and which 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.

SOURCE Redknee


Source: newswire



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