MTC Launches Redknee's Integrated Real-Time Billing Solution

TORONTO, Canada - Redknee Inc., a leading global provider of communication software to wireless telecommunication network operators, today announced that MTC in Kuwait has launched Redknee's integrated Real-Time Billing solution to enable value based billing for SMS, MMS, GPRS and mobile content.

The Redknee solution is a comprehensive real-time system which offers advanced, flexible service control and billing for all value-added services. The key benefit of Redknee's solution is the bundling of multiple services and infrastructure, including SMSC, MMSC, GPRS and WAP Gateways, enabling MTC to combine their billing and rating of messaging and data offerings to deliver and support a wide range of end-user experiences.

MTC will be able to offer compelling and consistent services and bill in real-time based on content, volume, time of day, service type, roaming scenarios and application-specific parameters. The integrated suite of Synaxis products allows for consistent provisioning, and management of services - providing for operational savings while supporting advanced services. Redknee's Real-time Billing solution offers underlying infrastructure capabilities (including SMS-Cs, MMS-Cs, GPRS elements, etc.) to be leveraged in a unified manner while enabling a cohesive billing strategy to provide a simple, transparent end-user experience.

Redknee's Real-time Billing solution also provides network operators customized services and flexible rating plans that can be easily adjusted to specific subscriber groups to help develop their market and customer base. Successful deployment in Kuwait could secure Redknee's Real-time Billing solution a roll out throughout the MTC Group that stretches across the Kingdom of Bahrain, Jordan, Iraq and Lebanon.

"Redknee's Real-Time Billing solution provides MTC with the flexibility to deploy, support and charge for a range of value-added services, including SMS, MMS, GPRS, content downloads, and data applications, while enhancing the subscriber experience and opening up new high value revenue streams," stated Mr. Haitham Al-Khaled Deputy Director General, Business Development Division. "The provisioning of a wider range of services to our customer base aligns with our vision to provide greater customer satisfaction and services that meet our customers' lifestyle and needs."

"With Redknee's Real-Time Billing solution, network operators have the ability to offer innovative services while accurately billing and managing these services in real time, with support for intelligent per-subscriber tariffing and profiling for prepaid and postpaid subscribers," said Lucas Skoczkowski, CEO of Redknee.

The Redknee Real-Time Rating and Billing solution is currently available and deployed with mobile network operators globally.

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/.

About MTC Group:
Mobile Telecommunications Company (MTC) was founded in 1983 and is the largest mobile operator in Kuwait with over 2.5 million customers across the region in Kuwait, Bahrain, Jordan, Iraq and Lebanon. MTC is listed on the Kuwait Stock Exchange and has achieved a sound reputation for high level of business successes, often exceeding investor's expectations.

In September 2002, MTC entered into a Partner Network Agreement with Vodafone, the world's leading mobile community. The agreement was the first of its kind in the Middle East and has been followed with an agreement in Bahrain. MTC-Vodafone Bahrain was launched on 15th December with the official ceremony taking place on 28th December 2003.

The MTC Group now operates in five countries. In Kuwait and Bahrain the company is known as MTC-Vodafone and in Jordan as Fastlink. 2004 has seen significant developments in the company's desire to become an internationally recognized regional company with the launch of the Atheer service in Iraq and the decision by the Government of Lebanon to handover the management of LibanCell to the MTC Group. MTC is looking to expand internationally and eventually globally through acquisitions, partnerships and green-field opportunities.