TORONTO, July 7 /PRNewswire/ --

- Redknee's Service Bureau to Provide Wholesale Billing and Content
Settlement for Tier-1 Wireless Operator

Redknee (TSX:RKN), a leading provider of business-critical billing and 
charging software and solutions for communications service providers, 
announced that a leading Tier-1 operator from the Asia Pacific (APAC) region 
has selected Redknee's InBill solution to manage its wholesale billing with 
its Mobile Virtual Network Operator (MVNO) partners through Redknee's service 
bureau operations. The operator joins an extensive line-up of service 
providers who leverage Redknee's wholesale billing expertise to maximize the 
value of their networks by effectively and efficiently managing multi-party 
settlements.

The operator maintains a large wholesale division, providing
telecommunications services to other service providers and carriers around 
the globe. As a result, it required a complete wholesale billing solution 
that supported multiple business models and addressed multi-party settlement
requirements.

InBill's solution service bureau offering provides the operator with the
tools and expertise to achieve converged settlement, the ability to process
event records from any source, enhanced reporting and an independent tool for
revenue assurance. Redknee's service bureau is a cost-efficient model for the
operator, delivering a turnkey wholesale billing solution that is reliable 
and scalable to meet the growing needs of its business.

InBill is part of Redknee's portfolio of monetization solutions, which
includes Redknee's flagship Turnkey Converged Billing solution. InBill helps
service providers maximize the value of their network with a comprehensive 
and cost-effective interconnect, wholesale, MVNO, and content settlement 
software solution. Based on almost a decade of proven reliability to resolve 
and reconcile disputes rapidly, InBill provides the platform for other
telecommunications software solutions such as fraud detection, network
auditing, revenue assurance, best-cost routing and other network analysis and
management tools.

"We are pleased to be selected as the provider of choice for this leading
operator's wholesale billing and content settlement needs. Redknee remains
committed to delivering our software solutions through both traditional
license and service bureau business models," Lucas Skoczkowski, Redknee's CEO
stated. "This new contract further advances Redknee's strategy of growing our
business both organically and through acquisition, as we focus on expanding
our global customer footprint and increasing recurring revenue."

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. References to Redknee refer to the combined 
operations of the parent Redknee Solutions Inc, and all wholly owned 
subsidiaries.

For more information, visit http://www.redknee.com.

Caution Regarding Forward-Looking Information:

This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that include
Redknee's preliminary unaudited estimate of revenue expected to be realized in
fiscal 2009 from an order and product performance. Such 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 the anticipated results,
performance or achievements or developments expressed or implied by such
forward-looking statements. Such factors include, but are not limited to:
deployment scheduling, product performance, technological change and changes
in the industry in which Redknee competes; changing global economic conditions
and uncertainties; the impact of foreign currency exchange rates; credit and
collection risk; departure of key personnel; departures of key customers; and
other risks detailed from time to time 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 and filed on www.sedar.com.
Readers are cautioned not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
Forward-looking statements 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.

For further information: Media Relations Contact: Ashleigh Young, Mi 
liberty, +44(0)20-7751-4444, ayoung@miliberty.com; Mark Yaphe, Vice President, 
Product Management & Marketing, +1-905-625-2298, mark.yaphe@redknee.com; 
Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943, 
david.charron@redknee.com; Investor Relations: Isabel Fernandes-Cunha, 
+1-905-625-2421, isabel.fernandes@redknee.com or 
investor_relations@redknee.com