724 Solutions Appoints K.P. Wilska to Board of Directors.

SANTA BARBARA, Calif. -- 724 Solutions, a leading provider of next generation mobile data solutions enabling seamless communications in an IP-based world, today announced the appointment of Kari-Pekka (K.P.) Wilska, an industry visionary with over 30 years of experience at Nokia, to its board of directors.

K.P., who is a Venture Partner with Austin Ventures, also serves on the board of directors of Brightpoint Inc. (NASDAQ: CELL), Mavenir Systems Inc., Paragon Wireless Ltd., and PulseWave RF Inc., is chair of the advisory board of Sipera Inc. and serves on the advisory board of Navini Networks Inc. Prior to his retirement in 2005, K.P. held a number of executive leadership positions within Nokia, including President of Nokia, Inc.

"K.P.'s vision of the wireless industry and particularly how convergence-focused services can enhance the lifestyle of subscribers will provide valuable input to our strategy for assisting mobile operators with the deployment and marketing of these services," said John Sims, Chief Executive Officer of 724 Solutions. "I am pleased to have K.P. join our board of directors and look forward to working with him as we execute on our vision of bringing the Unwired Lifestyle(TM) to our mobile operator customers and infrastructure partners."

K.P. Wilska stated, "Mobile operators have a unique starting point in the race to provide converged services, and premium data services have tremendous potential and upside for mobile operator service revenues. I look forward to working with the 724 Solutions team as they accelerate these revenue opportunities for mobile operators."

About 724 Solutions

724 Solutions delivers intelligent any-to-any service message and traffic handling solutions built upon a common carrier-grade architecture that allows mobile network operators and virtual network operators to rapidly deploy flexible and open next generation IP-based network and data services. The company's solutions enable the Unwired Lifestyle(TM), 724's vision of seamless communication without barriers; a vision of how subscribers will use mobile data services to enhance and enrich their professional and private lives with services relevant to their specific needs, with user communities preserved across generations of technology and with data services as reliable and ubiquitous as voice services. 724 Solutions is a global company headquartered in Santa Barbara, California and with development centers in Canada, Switzerland and India. 724 Solutions is privately owned by Austin Ventures. For more information, please visit www.724.com.