Evolving Systems' Trading Symbol Reverts to "EVOL" From "EVOLD"

ENGLEWOOD, CO--(Marketwire - August 17, 2009) - Evolving Systems, Inc. (NASDAQ: EVOLD) (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that its common stock will resume trading under the ticker symbol "EVOL" as of August 18, 2009. The Company's common stock had temporarily been trading under the symbol "EVOLD" to reflect its 1-for-2 reverse stock split that took effect on July 21, 2009.

About the Company

Evolving Systems, Inc. is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia.

CAUTIONARY STATEMENT

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations. For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 11, 2009, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com.

Contact Information: CONTACTS: Investor Relations Jay Pfeiffer Pfeiffer High Investor Relations, Inc. +1 303 393 7044 Press Relations Sarah Hurp Marketing Manager Evolving Systems +44 1225 478060