724 Solutions to Reschedule Fourth Quarter and Year End 2004 Results a

    Business Editors

    SANTA BARBARA, Calif.--(BUSINESS WIRE)--Jan. 25, 2005--724 Solutions (NASDAQ:SVNX) (TSX:SVN), a leading provider of next-generation IP-based network and data services, today announced that it will reschedule the release of its financial results for the fourth quarter and year ended December 31, 2004 and the subsequent conference call. The earnings release and conference call, which was originally scheduled for January 26, 2005 after the market close, are now scheduled for February 9, 2005.
    724 Solutions and its external auditors require more time to complete the quarterly and year end close procedures.
    A conference call for analysts will be held on February 9, 2005 at 5:00 P.M. EST. Dial-in details are: +1-416-641-6444.
    A replay of this call will be available for 48 hours after the event and can be accessed at: 800-633-8284 or +1-402-977-9140, reservation #21221027. This event will also be available via webcast.

    About 724 Solutions

    724 Solutions (NASDAQ:SVNX) (TSX:SVN) delivers reliable, scalable technology and solutions that allow mobile network operators to rapidly deploy flexible and open next generation IP-based network and data services. Additionally, in conjunction with mobile operator partners, the company provides a series of actionable alerting solutions to enterprises to assist them in lowering operating costs and improving customer relationship management. 724 Solutions is a global company with development operations in Canada and Switzerland with its corporate office in Santa Barbara, California. For more information, visit www.724.com.

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CONTACT: 724 Solutions Kelly Lazarus, 805-884-8306 email: klazarus@724.com

KEYWORD: CALIFORNIA INTERNATIONAL CANADA INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING EARNINGS CONFERENCE CALLS SOURCE: 724 Solutions

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