TORONTO, Canada - Redknee (TSX:RKN), a leading provider of business-critical software and services for communications service providers, including end-to-end converged billing, real-time charging, rating and personalization, today announced its results for the third quarter of fiscal 2009, ended June 30, 2009.

TORONTO, Canada - Symbol: NOT:TSX-V Shares Outstanding: 154,578,457 Fully Diluted: 164,098,457

HAMILTON, Bermuda - Second Quarter 2009 Earnings Summary - Second quarter total revenues, excluding Real Estate, of $132.0 million - Same store RevPAR down 24% in local currency, 33% in US dollars - Adjusted EBITDA before Real Estate of $26.7 million Key Events - Raised $141.3 million of cash in common share offering in May 2009 primarily for debt reduction - Completed sale of Lapa Palace for $42.0 million (EUR29.4 million), or 22x 2008 EBITDA - Entered into sale agreement for Windsor Court Hotel - Entered into agreement with the New York Public Library to spread future payments over 24 months - Same store revenue drop offset by 54% through fixed and variable overhead savings - Completed $16 million re-financing of Australian properties - Implemented launch of corporate brand strategy, including new website - Obtained tangible net worth covenant waivers on two facilities referenced in 2008 Form 10-K

CAMBRIDGE, Massachusetts - The global mobile gaming market will grow at a 16.6 percent CAGR to reach US$18 billion in 2014, driven by the explosive mobile subscriber growth in emerging markets, according to the latest report by Pyramid Research (www.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).

LONDON - The Law Society of England & Wales has appointed Make It Cheaper (www.makeitcheaper.com/) as its preferred supplier to assist its membership in cutting business electricity bills ( www.makeitcheaper.com/business-electricity.aspx). Make It Cheaper, the UK's largest energy price comparison and switching service for businesses, makes an average GBP1,500 saving per customer per year.