Far EasTone Selects Redknee & CommVerge Solutions for IMS Solution

Redknee Monetization Products Enable Competitive Bundled Offering and Improved Service Quality

TORONTO - July 17, 2007 - Redknee (AIM: RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, announced today that two of its monetization products have been selected by Far EasTone Communications Co., Ltd. (4904:Taiwan Stock Exchange) (Far EasTone), a leader in converged mobile communication and Internet services, as part of Redknee's strategic reseller agreement with CommVerge Solutions Holdings (Asia) Inc. (CommVerge Solutions). The deal constitutes the first phase in a multi-phase project.

Far EasTone currently serves over 6 million subscribers and is actively moving forward with its strategy to provide a converged fixed-mobile service environment. The implementation of Redknee's next-generation network service capabilities will enable Far EasTone to introduce competitive bundled offerings and improved service quality across its subscriber-base, in addition to delivering operating and capital cost efficiencies.

Jeffey Gee, Executive Vice President, Network Division, of Far EasTone
"As one of the first operators to implement HSDPA and IMS in Asia, our criteria for a policy and data charging vendor were demanding. Together, Redknee and CommVerge Solutions have demonstrated a deep understanding of both our business requirements and the evolving nature of IMS standards."

CommVerge, in Phase 1 of the project, will provide project management and engineering expertise to integrate Redknee's Policy Decision Rules Server (PDRS) and Unified Rating & Charging System (URCS) with Far EasTone's telecommunications network in Taiwan.

Edmund Wei, President & CEO of CommVerge Solutions, commented: "This win provides further demonstration of CommVerge's integration competencies in advanced IMS networks. Working with Redknee's world leading standards-based products, we are confident in meeting Far EasTone's business and network convergence requirements."

Redknee's monetization products provide Far EasTone with a real-time converged rating, charging and policy management system for advanced data services across prepaid, postpaid, fixed and mobile subscribers in a unified platform. Redknee's PDRS and URCS products collectively provide a unified point of control and management of data services across all access types from 2.5G to High-Speed Downlink Packet Access
("HSDPA") and other emerging technologies.

Lucas Skoczkowski, CEO at Redknee, added:
"Redknee takes great pride in working with Far EasTone, one of Asia's leading operators and a pioneer in global data services and IMS. This contract is a further example of Redknee's growing leadership in monetizing mobile IMS networks around the world. By working with our partner CommVerge Solutions, we are deploying our open standard based monetization products to help Far EasTone achieve success through improved quality of service on a per-subscriber, per-transaction basis."

About Far EasTone Telecommunications
In realizing our vision "Anywhere, Anytime, Communications Enriching the Lives of People," we are aiming to be the preferred service provider for people who use wireless communication in Taiwan. We are providing an innovative environment for superior shareholder value, customer loyalty, employee satisfaction and community involvement. www.fareastone.com.tw.

About CommVerge Solutions (Asia) Ltd.:
CommVerge Solutions is a unique services company and a leading integrator of technology and business solutions, serving Telecommunications Service Providers throughout Asia. Since its inception in 1999, CommVerge has undertaken countless projects to design, implement and maintain converged voice and data networks, mobile network infrastructure, as well as 2.5G and 3G application platforms.
CommVerge's mission is to assist customers maximize value and reduce risk by offering superior professional services and network solutions designed to realize their business, technical and operational objectives. Headquartered in Hong Kong, CommVerge has established offices in Beijing, Shanghai, Singapore, Taipei, Seoul, Kuala Lumpur, Manila, Bangkok, Brunei Darussalam, and San Jose, California. To learn more, please visit www.commverge.com.

About Redknee:
Redknee (RKN : AIM), established in 1999, provides real-time monetization and personalization products, solutions and services to over 30 mobile operators globally. Redknee Monetization products enables mobile network operators to optimize the lifetime value of each subscriber through advanced billing, rating and charging. Redknee Personalization products enables operators to offer personalized voice, messaging, and data services for the enterprise and consumers to meet mainstream, niche and individual market segment requirements. Redknee customers provide services to over 290 million wireless subscribers in over 20 countries. For more information, visit www.redknee.com.

Dalia Asterbadi
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Colley Clarke
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