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724 Solutions Inc. Announces First Turnkey Enterprise Alerts Application

Enterprise Edition to Provide Secure, Time-Sensitive, Personalized Alerts in Multiple Languages

Press Release Tuesday April 24, 6:31 am Eastern Time

TORONTO & AUSTIN, Texas--(BUSINESS WIRE)--April 24, 2001-- 724 Solutions Inc. (Nasdaq:SVNX - news; TSE:SVN - news), today announced the availability of its new Alerts Platform(tm) 3.0, Enterprise Edition, which enables businesses to offer an internally-based personalized alerts service for their customers, suppliers and employees worldwide. Available in several languages, including Japanese, Korean, French and Spanish, this new version allows enterprises to securely manage the content and delivery of alerts that contain time-sensitive information to a variety of wireless devices. 724 Solutions is the only worldwide provider of a turnkey enterprise alerts solution. With its cost-effective and comprehensive tool kits, the product can be quickly and easily deployed.

By enabling companies to bring an alerts system in-house behind an existing firewall, the 724 Solutions new enterprise edition ensures a secure environment while giving businesses control over information access. This enhanced security provides an additional level of comfort for the consumer, particularly when sensitive information is involved. Opening another communication channel between businesses and their customers, the Alerts Enterprise Edition allows companies to instantaneously notify users about critical information, including account activity, movement of a portfolio's net worth and unusual or suspicious credit card activity.

``By utilizing the 724 Solutions Alerts Enterprise Edition, companies can provide the personalized, targeted services necessary to maintain customer loyalty and attract new business,' said Alistair Rennie, General Manager, Applications Business Unit, 724 Solutions Inc. ``724 Solutions is committed to providing its customers a competitive edge by providing the tools necessary to build a strong foundation for advanced financial services as well as m-commerce. Offering customers our unique alerting technology is key to helping them drive large volumes of secure mobile transactions.'

The Alerts Enterprise Edition can be fully integrated into a business' existing databases and legacy applications and provides businesses the ability to offer a personalized alerting service to customers. The collected data from the alerts services can provide a customer with valuable insights into its customer base and can help enable the development of additional targeted services.

Enhancements of the 724 Solutions Alerts Enterprise Edition include:

Administrative and diagnostic tools: monitor system performance, user maintenance, alert status and server load
Multi-byte language support: translate into English, French, Spanish, Japanese and Korean, and run from a single software installation
Back-end systems support: monitor customer databases, flat files and legacy applications
Increased integration capabilities: integrate with a customer's existing user registration services
Detailed event logging: in-depth reporting of user and alert activities
About 724 Solutions Inc.

724 Solutions Inc. is a leading global provider of Internet infrastructure software that enables the delivery of secure mobile transaction solutions across a wide range of Internet-enabled devices. The 724 Solutions suite of products and services enables companies to realize value through the exploitation of the mobile Internet by building, deploying and integrating personalized and secure mobile commerce and lifestyle applications. 724 Solutions' customers include leading financial institutions such as Credit Suisse, SEBanken, JP Morgan Chase & Company, Citigroup, Bank of America and Bank of Montreal. With dual headquarters in Toronto, Canada, and Austin, Texas, the company has development and sales offices around the world. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). For additional information visit

This press release contains statements of a forward-looking nature. These statements are made under the ``safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include the statements herein regarding the services and features that will be offered as part of the 724 Solutions Alerts Platform, Enterprise Edition, now and in future releases, the benefits that customers and consumers will obtain through these services, and future demand for these services. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that 724 Solutions will be unable to attract customers in new industries, any failure by target customers or consumers to demand such products, competitive products and pricing from other providers, any inability of 724 Solutions to offer enhanced product offerings, and other risks described in 724 Solutions' SEC filings, including its annual report on Form 10-K. These risks are also described in 724 Solutions' filings with the Canadian Securities Administrators, including its prospectuses, material change reports, Annual Information Form and Management Information Circular. 724 Solutions does not undertake any obligation to update this forward-looking information, except as required under applicable law.


724 Solutions Inc., Austin
Public Relations:
Brooke Bulow, 512/306-4206
Lois Paul & Partners for 724 Solutions, Austin
Misty Zelent, 512/638-5315
Investor Relations:
724 Solutions Inc., Toronto
Monica Zaied, 416/228-2369
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