724 Solutions Inc.

724 Solutions Inc.

March 14, 2005 08:03 ET

724 Solutions Joins BridgePort Networks' MobileIGNITE Alliance


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: 724 SOLUTIONS

NASDAQ SYMBOL: SVNX
TSX SYMBOL: SVN

MARCH 14, 2005 - 08:03 ET

724 Solutions Joins BridgePort Networks' MobileIGNITE
Alliance

NEW ORLEANS--(CCNMatthews - Mar 14, 2005) -

Initial Focus on Multimedia Messaging Services Over Wi-Fi as Part of
Standards-Based Interoperable MobileVoIP Convergence Solutions

BridgePort Networks, the leader in MobileVoIP convergence, today named
724 Solutions (Nasdaq:SVNX)(TSX:SVN), a leading provider of
next-generation IP-based network and data services, to the MobileIGNITE
Alliance (Mobile Integrated Go-to-Market Network IP Telephony
Experience). The MobileIGNITE Alliance brings together leading
technology companies to speed time to market of MobileVoIP convergence
solutions for mobile carriers and other service providers, by working on
open, standards-based interoperability.

MobileVoIP Convergence combines the personalization and mobility of
mobile phone services with the flexibility, innovation and outstanding
cost economics of the rapidly growing VolP sector. The end-to-end
solutions tested by MobileIGNITE alliance members are based on open
standards interoperability. Such solutions help service providers
improve the quality, coverage and cost of mobile service delivery, and
to add mobility to fixed VoIP telephony services, using a single
subscriber phone number identity.

724 Solutions will work with BridgePort Networks and other members of
the MobileIGNITE alliance to ensure its X-treme Mobility Suite (XMS)
interoperates with BridgePort Networks' NomadicONE Network Convergence
Gateway Software and other required network elements and terminals,
including dual mode cellular/Wi-Fi phones, advanced fixed SIP-based VoIP
terminals and PC-based soft clients.

The initial focus area will be to deliver and enrich Multimedia
Messaging Services (MMS), including picture/video messaging and other
applications utilizing the MMS transport over broadband Wi-Fi
environments.

"724 Solutions brings deep mobile data services expertise to the
MobileIGNITE Alliance," said Mike Mulica, President and CEO, BridgePort
Networks. "MobileVoIP is not only about voice services, but also about
delivering mobile operator centric messaging and multimedia services to
fixed and wireless broadband IP environments. As Bob Metcalfe, the
founder of 3Com and inventor of Ethernet, said recently at our Global
Convergence Summit, we are glad that VoIP begins with a V -- since
SIP-based VoIP services lead us along a path to Video."

MobileIGNITE program members collectively bring a full complement of
pre-tested hardware and software elements for network infrastructure and
end-user devices together with deployment and integration services.
These end-to-end solutions allow end users to seamlessly roam between
mobile and VoIP services using a single phone number identity.

"724 Solutions is a strong proponent of the vision of convergence
between mobile and broadband networks, including Wi-Fi," said John Sims,
CEO of 724 Solutions. "As Wi-Fi enables the acceleration of multimedia
mobile services with higher bandwidths, our X-treme Mobility Gateway
(XMG) and X-treme MMS Accelerator (XMA) can turbo-charge the performance
of mobile multimedia services. We are enthusiastic about the opportunity
to work with BridgePort Networks and other MobileIGNITE alliance members
to bring interoperable, standards-based convergence solutions to market
and ensure a smooth and timely migration to an IP Multimedia System
(IMS) environment."

The MobileIGNITE alliance is based on open standards, such as the
Session Initiation Protocol (SIP), Signaling System 7 (SS7) and 802.11,
and members share a commitment to migrate their solutions to an IMS (IP
Multimedia System) network environment. This permits program members to
offer near-term standards-based go-to-market solutions that leverage
existing low cost SIP compatible terminals such as softphones, IP phones
and analog telephone adapters in combination with legacy cellular
phones, as well as supporting the new emerging cellular/WiFi dual mode
handsets.

To learn more, please visit Bridgeport Networks at CTIA Wireless Booth
#4865, Hall E or 724 Solutions at Booth #2619, Hall C.

About BridgePort Networks™

BridgePort Networks™ is the leader in MobileVoIP convergence --
combining the personalization and mobility of mobile phone services with
the flexibility, innovation and outstanding cost economics of the
rapidly growing VoIP sector. The core product, the NomadicONE™
Network Convergence Gateway (NCG), uses roaming technology to extend
single identity phone number services over multiple access networks,
including: mobile, cable, DSL and WiFi. The NomadicONE NCG is a key
component of an open standards partner ecosystem, MobileIGNITE™, that
comprises end-to-end solutions that improve the quality, coverage and
cost of mobile service delivery and the mobility of VoIP services.
BridgePort Networks is a global company, headquartered in Chicago, Ill.
To learn more about BridgePort Networks, visit:
www.bridgeport-networks.com.

BridgePort Networks logo, NomadicONE and MobileIGNITE are trademarks of
BridgePort Networks Inc. All other trademarks are properties of their
respective owners.

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, Calif. For more information, visit www.724.com.

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