Daleen Announces Move to OTC Bulletin Board.

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 30, 2002

Daleen Technologies Inc. (Nasdaq:DALN), a global provider of licensed and outsourced billing, customer care, event management and rating solutions that manage the revenue chain announced today that it has received notice from The Nasdaq Stock Market of the determination by the Nasdaq Listing Qualifications Panel that the Company's common stock will be delisted from The Nasdaq SmallCap Market effective at the opening of business Tuesday, December 31, 2002. Daleen's common stock will be immediately eligible for quotation on the Over-the-Counter Bulletin Board (OTCBB) effective with the open of business December 31, 2002, under the symbol DALN.

The delisting is based on Nasdaq's determination that the transactions associated with Daleen's recent asset acquisition of Abiliti Solutions, Inc. constitute a reverse merger under Marketplace Rule 4330(f). As of the closing of the transaction, Daleen did not meet the initial listing criteria as required under Rule 4330(f) due to the reverse merger determination.

The OTC Bulletin Board is a regulated quotation service that displays real-time quotes, last sales prices and volumes for more than 3,600 securities. OTC Bulletin Board securities are traded by a community of market makers that enter quotes and trade reports through a highly sophisticated computer network. Investors work through a broker/dealer to trade OTC Bulletin Board securities. Information regarding the OTC Bulletin Board can be found on its website at http://www.otcbb.com.

Gordon Quick, Daleen's new president and CEO commented, "While Nasdaq's ruling is a disappointment, it should not affect the continued progress or the business of our new organization. Given the recent transactions, including the new capital infusion, we are stronger than we have been in some time. We have a more stable revenue base, a broader suite of products and capabilities, a larger resource base, and a strengthened balance sheet. We are very excited about our future!"

About Daleen

Daleen Technologies, Inc. is a global provider of high performance billing, customer care, event management and rating software, with a comprehensive outsourcing solution for traditional and next generation service providers. Daleen's RevChain(TM) billing and customer management solutions utilize advanced Internet technologies to enable providers to reach peak operational efficiency while driving maximum revenue from products and services. With its recent acquisition of the assets of Abiliti Solutions, Inc., Daleen expanded its presence among large network wholesalers and resellers in the U.S., adding new product and delivery capabilities, including the Simpliciti.net(TM) event management, RateIT(TM) rating engine, Network Strategies(R) billing, and BillingCentral(TM) ASP outsourcing solutions. Daleen was listed in 2002 as No. 63 on the Technology Top 500, a national ranking by Deloitte and Touche of the fastest growing technology companies in North America.(a) More information can be found on the company's website at http://www.daleen.com.

Information with Respect to Forward-Looking Statements. Statements in this release may be considered "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These include statements regarding the intent, belief or current expectations of the company and the assumptions on which these statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the ability of the company to successfully integrate the Abiliti assets, operations and management, ability of the company to maintain current customer relationship, the company's ability to continue as a going concern; the ability of the company to increase its revenues; the fact that the company has not yet achieved profitability; variance of quarterly operating results; competition; use of strategic relationships to implement and sell our products; potential customers' market position and lack of financial resources; low price and volatility of the company's common stock and the impact of the delisting from The Nasdaq SmallCap Market; on-going securities class action against the company; the costs and success of the company's international expansion; and the rights and preferences of the series F convertible preferred stock stockholders. These factors and others are described in the company's most recent SEC filings including the Proxy and the most recently filed Form 10-K and in the company's Quarterly Reports on Form 10-Q, as well as the company's proxy statement on Schedule 14A filed in connection with the proposed asset purchase and private placement. The company undertakes no obligation to update the forward-looking statements in this news release.

(C)Daleen Technologies, Inc. All rights reserved. Daleen, the Daleen logo, RevChain and IIA are trademarks, or service marks, of Daleen Technologies, Inc. in the United States and other countries. All other trademarks and registered trademarks are property of their respective owners. (a) See the 2002 Deloitte & Touche Technology Fast 500 report issued in October 2002.