TORONTO, June 6, 2008 - Redknee Solutions Inc. (“Redknee” or the “Company”) (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, announces that the Company was informed on 4 June 2008 that, on 4 June 2008, Colley Clarke, Chief Financial Officer of Redknee, purchased 24,500 Common Shares in the capital of the Company (“Common Shares”) at a price of 38.5p per Common Share.
Following the share purchases, Colley Clarke holds 274,500 Common Shares representing approximately 0.46 % of the issued share capital of Redknee.
The issued share capital of the Company as at the date of this announcement is 59,235,646 Common Shares.
For additional information please contact:
North American Media Relations Contacts:
VP Product Management and Marketing
+1 905 625 2298
Financial Public Relations:
+44 (0) 20 7 466 5000
Colley Clarke, Chief Financial Officer
+1 905 625 2604
Canaccord Adams Limited
Ryan Gaffney/Andrew Chubb
+44 (0) 207 050 6500
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 90 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/