Profit names Redknee one of Canada's Hottest Startups
Ranked 3rd fastest growing company in Canada

Toronto, Canada (August 28, 2002) – Redknee Inc, a world leader in mobile network solutions, has been recognized among fastest growing companies in the third annual ranking of Canada’s Hottest Startups by PROFIT: Your Guide to Business Success. Canada’s Hottest Startups is the definitive ranking of emerging Canadian growth companies. Published in the September issue of PROFIT and online at PROFITguide.com, Canada’s Hottest Startups ranks young firms by revenue growth between 1999 and 2001.

“PROFIT’s ranking of Canada’s Hottest Startups delivers a snapshot of this country’s entrepreneurial spirit,” said acting editor Ian Portsmouth. “The sheer diversity of companies on this year’s list shows that Canadians can find opportunity in any industry. This year’s winners are thriving in a tough economy by creating new ways of doing business, if not by creating whole new industries.”

Redknee continues to build on its global success by rapidly delivering revenue-generating solutions to networks around the world. Redknee’s proven suite of service applications integrates seamlessly and securely with existing mobile network infrastructure and easily scales to support a rapidly expanding base of customers and applications. Open Standards Architecture (OSA) and compliance with the Parlay group’s open API specifications means fast deployment of new services in existing networks, and quicker ROI for network operators. Redknee’s commercially deployed suite of service applications includes Call and Data Control, Payment, Messaging, and Mobile Profile applications.

“Redknee is delighted to have our success recognized by the Canadian business community,” said CEO Duncan Ratcliffe. “Redknee’s strong global customer base has provided the momentum for us to be ranked as a Canadian leader.”

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: PROFIT: Your Guide to Business Success
Founded in 1982, PROFIT is Canada’s leading magazine for entrepreneurs. PROFIT reaches 371,000 readers across Canada, offering news, profiles and analysis geared to the informational needs of entrepreneurial business — the most dynamic sector of the Canadian economy. For more information visit PROFITguide.com.architecture solutions.