WeDo Technologies Celebrates Continued Growth in Revenue and Business Assurance at its 5th User Group Meeting

LISBON, Portugal, May 31, 2010 - WeDo Technologies, leading innovator in the Revenue and Business
Assurance sector, announced its first quarter results at its fifth annual
User Group conference held in Madeira last week.

Comparing 1st quarter 2010 with 1st quarter 2009, orders grew by 12% to
EUR11 million; revenues were up by 4% to EUR10.9 million and EBITDA increased
by 1% to EUR1 million.

Delivering the results to an audience of 140 attendees drawn from 40 of
WeDo's more than 100 telecom service provider customers around the world, Rui
Paiva, WeDo Technologies' CEO, also announced a number of significant
milestones in the company's continued growth:

    - Customer base now includes seven out of ten of the world's
      top mobile service providers
    - More than 100 customers spread across 73 countries
    - Important new contract wins in the Latin American and Central
      and Eastern European markets
    - The opening of new offices in Panama, Chile, Singapore and
      Warsaw
    - The release of RAID 6.0, WeDo Technologies' eTOM-compliant
      Business Assurance platform
    - New business wins in the retail, utilities and finance
      sectors
    - A new revenue and risk sharing business model for the
      company's Praesidium consulting arm
    - Employee growth to nearly 400 people - drawn from 18
      different nationalities
    - An active acquisition policy to complement the company's
      successful organic growth so far

Centred around 15 case study presentations from customers, the User Group
event also included presentations from industry analysts and consultants as
well as a panel discussion on issues currently confronting revenue and
business assurance and fraud specialists.

About WeDo Technologies:

WeDo Technologies is the leading supplier of Revenue Assurance solutions
for the global telecoms industry. Business Assurance RAID, the company's
Revenue Assurance and Fraud product, has been implemented across the five
continents. With an international presence in Portugal, Australia, Brazil,
Chile, Egypt, France, Ireland, Malaysia, Mexico, Panama, Poland, Singapore,
Spain, UK and USA, WeDo Technologies is also a member of the GSM Association
and the TM Forum. The company was founded in Portugal in 2001. For more
information, visit www.wedotechnologies.com .

Porter Novelli Portugal - Maria Inês Oliveira, Email:
ines.oliveira@porternovelli.pt, Tel: +351-21-313-61-00

Porter Novelli Portugal - Maria Inês Oliveira, Email: ines.oliveira at porternovelli.pt, Tel: +351-21-313-61-00