724 Solutions Inc.
NASDAQ : SVNX
TSX : SVN

724 Solutions Inc.

November 10, 2005 08:05 ET

724 Solutions Strengthens Commitment to Mobile Voice over IP (VoIP) and Convergence Marketplace; Michael Luna, CTO of 724 Solutions, Appointed to MobileIGNITE Executive Steering Committee

SANTA BARBARA, Calif.--(CCNMatthews - Nov 10, 2005) -

724 Solutions (NASDAQ:SVNX) (TSX:SVN), a leading provider of next-generation IP-based network and data services, today announced that Michael Luna, 724 Solutions' Chief Technology Officer, has been appointed to the newly formed Executive Steering Committee of MobileIGNITE. The MobileIGNITE mission is to accelerate Fixed Mobile Convergence (FMC) through industry collaboration by promoting standards based end-to-end interoperable solutions that deliver converged services to improve the quality, coverage, flexibility and cost of mobile voice and data service delivery and the mobility of IP communication services.

"The fixed mobile convergence marketplace is a natural focus as we execute our vision of the Unwired Lifestyle™," said Michael Luna. "The unique collaborative work at MobileIGNITE will give mobile operators and other service providers a set of best practices based on proven interoperability between many different standards that will accelerate fixed mobile convergence."

In support of MobileIGNITE, 724 Solutions' Golden Gate will be demonstrated at the MobileIGNITE booth #1962 at the 3G World Congress and Exhibition in Hong Kong on November 14-18, in a Mobile VoIP Live! demonstration with Bridgeport Networks. 724's recently announced project Golden Gate, a key initiative to bridge the gap between SIP and IMS based networks and macro-cellular networks, seamlessly extends traditional messaging services such as SMS and MMS into the fixed network without requiring new client technology. Golden Gate provides the ideal bridge for MNOs and MVNOs to manage the transition between pre-IMS networks and fixed mobile converged networks. The joint demonstration with Bridgeport Networks, also a member of MobileIGNITE, seamlessly bridges two-way SMS and MMS from the macro-cellular network to the corporate enterprise network via integration with Microsoft Live Communications Server.

Project Golden Gate, based on 724's X-treme Mobility Suite which enables the Unwired Lifestyle™, leverages existing standards to provide an open, secure, multi-protocol access management server that extends the reach of value-added content services to existing wireless subscribers by enabling legacy subscribers to appear as part of the IMS/SIP network.

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.

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