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                                        Evolving Systems, Inc. (NASDAQ-EVOL) 
                                          is a global provider of software and 
                                          services that enable communications 
                                          companies to support and manage their 
                                          existing networks, as well as to migrate 
                                          easily to next generation networks.
                                        Evolving Systems' mission critical 
                                          software solutions support more than 
                                          150 million wireless subscribers and 
                                          150 million access lines worldwide.
                                        The Company's portfolio includes 
                                          innovative and comprehensive products 
                                          for: 
                                        - Activation 
                                          - Mediation & Assurance 
                                          - Numbering Solutions 
                                          
                                          These products enable operators to improve 
                                          the efficiency of delivering new services 
                                          over existing and new technologies, 
                                          helping them to simplify operations, 
                                          reduce costs and improve the customer 
                                          experience. Evolving Systems' products 
                                          are designed with the flexibility and 
                                          scalability to suit operators from start-ups 
                                          to established Tier 1 carriers.
                                        Traditionally known as a leading provider 
                                          of number portability solutions, Evolving 
                                          Systems has completed three acquisitions 
                                          since November 2003. These acquisitions 
                                          were: 
                                        CMS Communications (US), November 2003 
                                          
                                          Telecom Software Enterprises (US), October 
                                          2004 
                                          Tertio Telecoms (UK), November 2004 
                                        
                                        Founded in 1985 in the United States, 
                                          the Company has headquarters in Englewood, 
                                          Colorado.
                                        Activation
                                          Evolving Systems' Tertio solution is 
                                          a modular suite of packaged software 
                                          that provides a scaleable, high performance 
                                          service activation system. It is designed 
                                          to help operators activate services 
                                          quickly, flexibly and cost-effectively 
                                          across multi-technology domains.
                                        The Tertio Activation Designer and 
                                          Tertio Service Composer applications 
                                          provide easy to use graphical tools 
                                          for configuring services and the processes 
                                          for activating them.