724 Solutions Inc.

724 Solutions Inc.

March 17, 2005 22:06 ET

724 Solutions Announces Filing of Form 10-K


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: 724 SOLUTIONS INC.

NASDAQ SYMBOL: SVNX
TSX SYMBOL: SVN

MARCH 17, 2005 - 22:06 ET

724 Solutions Announces Filing of Form 10-K

SANTA BARBARA, Calif.--(CCNMatthews - Mar 17, 2005) -

724 Solutions Inc. (NASDAQ:SVNX) (TSX:SVN), a leading provider of
next-generation IP-based network and data services, today announced that
it has filed its 2004 Annual Report on Form 10-K with the Securities and
Exchange Commission and Canadian Securities Regulators. This report
includes the audited financial statements for the year ended December
31, 2004. These results were previously announced in summary form on
February 9, 2005.

The Form 10-K contains an amended management discussion and analysis
pertaining to the company's 2003 results. The revisions do not have any
impact on financial results previously reported.

724 Solutions' 2004 Annual Report on Form 10-K is available on SEDAR
(www.sedar.com) and through the Securities and Exchange Commission
website (www.sec.gov).

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.

-30-

Contact Information

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