TORONTO, September 29 /PRNewswire/ --

- Redknee Wins Contract to Deliver Converged Billing and Customer Care
Solutions for Smart Telecom in Nepal

Redknee (TSX: RKN), a leading provider of business-critical software and 
solutions for communications service providers, is pleased to announce that 
it has been selected by Smart Telecom of Nepal for its converged billing and 
customer care software solutions, and for its expertise in supporting 
high-growth network operators. Smart Telecom is rolling out both wireless and 
satellite services as it enters one of the fastest growing mobile markets in 
the world. Nepal's teledensity rate was only 6 percent in 2006 and has grown 
to 23 percent today, however more than 80 percent of the population lives in 
rural and difficult geographic terrain, with no or limited access to 
telecommunications services.

Subhas Bajracharya, CEO, Smart Telecom comments:

"The challenge of providing service to a geographically dispersed market
and the desire to meet the needs of underserved rural populations meant
that we needed a partner who was an expert in supporting operators in
high growth markets. Redknee's expertise and best-in-class solutions give
us the confidence that we will be the operator to finally bring a
competitive wireless offering to the people of Nepal."

Redknee's Turnkey Converged Billing solution will provide Smart Telecom
with the ability to launch voice, messaging and data services to its prepaid
and postpaid customers over both GSM and satellite networks. With Redknee's
Turnkey Converged Billing (TCB), Smart Telecom will be able to streamline
system deployment and reduce costs and time-to-market, while delivering an
unparalleled service experience to its subscribers. Redknee will also provide
full interconnect billing support through its InBill solution, which will
enable Smart Telecom to have greater visibility into its networks'
transactions, allowing them to achieve converged settlement and accurate
interconnect billing.

Smart Telecom has also acknowledged that while providing the
infrastructure is the first step to improving telecommunications in the
region, encouraging adoption will be contingent on providing targeted service
offerings and a high quality customer experience. Smart Telecom will leverage
Redknee's Turnkey Converged Billing mobile self care capabilities, as well as
deploy Redknee's Airtime Reseller solution to enable voucherless airtime
top-ups. By providing a convenient way for customers in all regions to top-up
their account, Redknee's Airtime Reseller will enable Smart Telecom to
establish a network of voucherless minute-to-minute 'resellers', reducing the
need to build and support retail branches.

Billy Liew, Redknee's VP APAC Region comments:

"This is another strategic customer win for Redknee, as we continue to
gain market share in the real-time converged billing space. The selection
of Redknee's complete end-to-end solution by Smart Telecom reinforces our
leadership in this space, and we are excited to support Smart Telecom's
success in one of the fastest growing mobile markets - Nepal."

Redknee's Turnkey Converged Billing is an end-to-end real-time convergent
billing solution that provides operators the ability to manage any service
across any access technology, and supports all payment types with a single
data model approach.  TCB's unified real-time architecture reduces complexity
and time to market for launching new services. From activation and
provisioning, to real time rating, billing, invoicing, partner management,
mobile money services, interconnect, roaming and full customer care, TCB
expertly addresses the needs of network operators throughout the world's high
growth markets.

For more information on Redknee's products and solutions, please visit
http://www.redknee.com.

About Smart Telecom:

Smart Telecom Pvt. Ltd. was established in May, 2008. It was established
with the noble ambition of providing telecom and related services primarily 
to the deprived population of the rural areas of Nepal. The head office of 
the Company is located at Kumaripati, Lalitpur. The Company has an important 
role to play in the development of Telecom sector of Nepal in which the
telecommunication penetration is only 20% of the total population. The 
company was awarded the Telecom License in July, 2008 to start the service 
initially to 398 remote VDCs of Nepal. The company will use both VSAT 
technology as well as GSM wireless technology to provide telecommunication 
service in those VDCs. Together with voice, message and data, it also intends 
to bring other value added services as per need of the rural population.

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. Established in 1999, Redknee Solutions Inc. 
(TSX: RKN) 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.

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; Investor Relations: Isabel Fernandes-Cunha, 
+1-905-625-2421, isabel.fernandes@redknee.com or 
investor_relations@redknee.com