SVN

SVNX

ERICY

February 15, 2005 09:00 ET

724 Solutions Signs Global Agreement with a Leading Telecom Provider to Provide Its X-treme Alerts Platform to Mobile Operators


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SVN

TSX SYMBOL: SVNX

AND SVNX

NASDAQ SYMBOL: SVN

AND ERICY

NASDAQ SYMBOL: ERICY

FEBRUARY 15, 2005 - 09:00 ET

724 Solutions Signs Global Agreement with a Leading
Telecom Provider to Provide Its X-treme Alerts
Platform to Mobile Operators

SANTA BARBARA, Calif. and CANNES, France--(CCNMatthews - Feb 15, 2005) -

724 Solutions (NASDAQ:SVNX) (TSX:SVN), a leading provider of
next-generation IP-based network and data services, today announced a
global agreement with Ericsson (NASDAQ:ERICY), a leading telecom
supplier, whereby the X-treme Alerts Platform will be available as a
part of Ericsson's managed services offering of hosted content and
application solutions for mobile operators worldwide.

The X-treme Alerts Platform is a standards-based actionable alerting
platform that allows mobile network operators and content providers a
turnkey solution to easily send highly personalized, permission-based
SMS or MMS alerts to subscribers. 724's Alerts Platform is incorporated
into Ericsson's managed content & application offering. Ericsson's
hosted offering provides operators a cost-effective means to rapidly
deliver new services to their customers and access to premium content
through the Ericsson Mobility World initiative, a broad network of
content and application providers that supply interesting and innovative
content.

"We believe this global agreement will allow mobile network operators
worldwide to drive their data ARPU and Alert services differentiation,
as several North American mobile operators have already done," said John
Sims, CEO of 724 Solutions. "724 Solutions is pleased with the success
of the managed content offering with Ericsson and we look forward to
future opportunities to help global mobile network operators expand
their premium content offerings to include application-to-person
services."

About 724 Solutions

724 Solutions (NASDAQ:SVNX) (TSX:SVN) delivers reliable, scalable
technology and solutions that allow mobile network operators to rapidly
deploy flexible and open next generation IP-based network and data
services. Additionally, in conjunction with mobile operator partners,
the company provides a series of actionable alerting solutions to
enterprises to assist them in lowering operating costs and improving
customer relationship management. 724 Solutions is a global company with
development operations in Canada and Switzerland with its corporate
office in Santa Barbara, California. For more information, visit
www.724.com.

Note to editors: 724 Solutions is hosting two 3GSM hospitality suites,
1.40 and 1.41, located in Hall 2, Level 1.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    724 Solutions
    Kelly Lazarus, (805) 884-8306
    klazarus@724.com