TORONTO, September 23 /PRNewswire/ -- 
In the news release, "Real-Time Solution Brings Convergence at All Levels, 
and Re-Defines Billing For Operators In High Growth Markets" issued on 23 
Sep 2009 12:40 GMT, by Redknee Solutions Inc. LSE:RKN over PR Newswire, we 
are advised by a representative of the company that the headline should have 
read: 'Redknee Addresses the Needs of Multi-Service Operators With Converged 
Billing Solution Upgrade' and the subheadline reads: 'Real-Time Solution 
Brings Convergence at All Levels, and Re-Defines Billing For Operators In 
High Growth Markets' as incorrectly transmitted by PR Newswire.
Complete, corrected release follows:



- Real-Time Solution Brings Convergence at All Levels, and Re-Defines 
Billing For Operators In High Growth Markets

Redknee (TSX:RKN), a leading provider of business-critical billing and 
charging software and solutions for communications service providers, 
announced the general availability version of Real-Time Turnkey Converged 
Billing (TCB) 8.1. Redknee is pleased to announce that six operators are 
already in the process of installing or upgrading to TCB 8.1, and will be 
benefiting from the ability to converge multiple services onto one billing 
platform - reducing overhead costs and providing them with the ability to 
launch flexible pricing plans and targeted service offerings to their 
subscriber base.

Among the latest key enhancements to TCB is the ability for operators
offering triple and quad-play offerings (including wireless, wireline,
satellite and broadband technologies) to support everything from one billing
platform; enabling faster time-to-market, increased network visibility and
lower support costs. Additionally, TCB's enhanced unified rating engine and
integrated bundle and balance management tools enable operators to create and
launch highly targeted promotions quickly with a web based GUI (Graphical 
User Interface). Since all the services are being managed through one 
platform, specially priced cross-service 'bundles' can be created 
- generating increased usage by the subscriber, and more revenue for the 
operator.

Redknee's CEO Lucas Skoczkowski commented:

"We are very excited about Redknee's latest release of Turnkey Converged
Billing. TCB helps operators achieve the next level in monetizing the value 
of their networks by providing them with more choices in how they launch and
price their services, along with increased configurability of the features,
and reduced time to market. With Redknee's software, customers are achieving
unmatched savings in OPEX, increased revenue through real-time marketing
promotions and cross-service bundles, and enhanced self-care capabilities for
both subscribers and distributors. Redknee is dedicated to innovation that
helps our customers remain ahead of their competition, while allowing them to
stay focused on running their business and keeping their subscribers happy."

Redknee's award-winning TCB is a complete billing and customer care
solution that delivers centralized business intelligence and a full suite of
billing capabilities to operators around the globe. The solution extends
beyond traditional billing and functions as a merchandising platform that
optimizes and improves the overall subscriber service experience. As a 
result, network operators can better manage partner relationships, quickly 
roll out new services and deliver targeted, real-time promotions to their 
subscribers. Its real-time rating and charging capabilities enable operators
to process all payment types from a single platform - prepaid, postpaid and 
hybrid accounts can all be managed with ease. From activation and 
provisioning, to real time rating, billing, invoicing, partner management, 
mobile money services, and full customer care capabilities, TCB expertly 
addresses the needs of network operators throughout the world's high 
growth markets.

For more information about Redknee, visit http://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 http://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