Redknee Launches Mobile Network Payment System

Toronto, Canada (March 1, 2001)- Redknee Inc., a leading provider of mobile applications and infrastructure solutions for wireless operators, today announced the successful launch of Redknee’s Synaxis™ 2200 product providing a system for Secure Storage and Mobile Payments for prepaid subscribers.

"With the tremendous growth in wireless prepaid markets, network operators are looking for ways of increasing profitability and improving the flexibility of wireless prepaid systems", said Lucas Skoczkowski, COO of Redknee Inc.

Building on Redknee’s success in deploying differentiating carrier-grade prepaid solutions for wireless network operators, the Synaxis™ 2200 offers new payment options and promotional opportunities for prepaid subscribers.

Redknee’s Synaxis™ 2200 product provides network operators and service providers the ability to store, modify and transact secure network-based information, including credit card transaction handling, prepaid voucher and coupon information, and confidential location data in support of location service applications. Enhanced flexibility and management of secure network data enables wireless carriers the benefit of improved network performance and marketing opportunities involving prepaid vouchers and coupons.

With Redknee’s Synaxis™ 2200, mobile subscribers can also direct funds from their wireless prepaid accounts for payments towards location-based services and mobile commerce transactions.

Synaxis™ 2200 integrates into existing mobile networks and financial institutions and ensures the integrity of private, confidential network information through industry-strength encryption, SSL and SET.

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/.