SOURCE: Redknee Solutions, Inc.

Redknee Solutions, Inc.

March 08, 2012 12:00 ET

Redknee Announces Normal Course Issuer Bid

TORONTO--(Marketwire - Mar 8, 2012) - Redknee Solutions Inc. (TSX: RKN). Redknee announced acceptance by the Toronto Stock Exchange ("TSX") of the Company's notice of intention to make a normal course issuer bid (the "Bid") in the open market through the facilities of the TSX.

Pursuant to the TSX notice, the Company proposes to purchase, from time to time, up to an aggregate of 4,701,696 common shares on the TSX, which is the maximum number of shares permitted to be purchased under the TSX rules and represents 10% of the public float. The average daily trading volume of the common shares for the six month period prior to acceptance of the Bid was 40,476 (the "ADTV"). In accordance with the requirements of the TSX, the Company shall purchase no more than 10,119 common shares per day, being 25% of the ADTV unless the Company makes a block purchase.

The specific timing and number of common shares purchased pursuant to the Bid will vary based on market conditions, regulatory requirements and other factors. The price that the Company will pay for any common shares will be the prevailing market price of such shares on the TSX at the time of acquisition. The purchases will be made by the Company in accordance with the TSX rules and policies. All common shares purchased by the Company pursuant to the Bid will be cancelled.

The Board of Directors believes that, from time to time, the market price of the common shares may not reflect their underlying value and, therefore, the Bid is in the best interests of the Company and is a desirable use of corporate funds.

Purchases over the TSX may commence on March 12, 2012 and the Bid will expire on March 11, 2013. As of March 8, 2012, the Company had 64,410,404 issued and outstanding common shares.

Forward-Looking Statements
Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the "Risk Factors" section of the Company's the most recently filed AIF which is available on SEDAR at and on the Company's web-site at

Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

About Redknee Solutions, Inc.
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 countries. References to Redknee refer to the combined operations of the parent Redknee Solutions, Inc., and all wholly owned subsidiaries.

Redknee®, Redknee Solutions, and the Redknee logo are trademarks or registered trademarks of Redknee Solutions Inc. All other company, product names and any registered and unregistered trademarks mentioned (if any) are used for identification purposes only and remain the exclusive property of their respective owners. For more information, visit

Contact Information

  • For further details please contact:

    Redknee Solutions Inc.
    Lucas Skoczkowski
    Chief Executive Officer
    David Charron
    Chief Financial Officer
    Tel: +1 905 625 2622

    Investor Relations
    Liolios Group, Inc.
    Matt Glover or Michael Koehler
    Tel: +1 949 574 3860