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Redknee Solutions Announces Formation of Special Committee to Review Strategic Alternatives

TORONTO, Aug. 22, 2016 /CNW/ -Redknee Solutions Inc. ("Redknee" or the "Company") (TSX: RKN), a leading provider of real-time monetization and subscriber management software, today announced it has formed a special committee of independent members of the board of directors of the Company to consider various strategic and financing alternatives potentially available to the Company to enhance shareholder value, including a possible sale of the Company. As part of this process, the Company has engaged TD Securities Inc. as financial advisor.

While the Company has initiated this process, there is no certainty that any transaction or alternative will be undertaken or pursued. The Company has not set a definitive schedule to complete its evaluation and no decision on any particular transaction or alternative has been reached at this time. The Company does not intend to disclose ongoing developments with respect to this process, but in accordance with its continuous disclosure obligations, will disclose material developments if, as and when they occur.
Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world for communications service providers. Our market-leading portfolio of monetization and subscriber management solutions includes real-time billing, charging, policy and customer care modules and is available on premise, cloud-based, or as Software-as-a-Service. With a central focus on driving customer success, Redknee's products power growth and innovation for operators globally. Established in 1999, Redknee Solutions Inc. (TSX: RKN) can be found on the Toronto Stock Exchange. For more information about Redknee, please go to www.redknee.com.


For additional information please contact:

Redknee Solutions:

Kristin Donelson
Kristin.Donelson@redknee.com
+1 905 625 2190

Investor Relations:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427
kthissen@national.ca