Evolving Systems - Press Release

17 August 2009 - Evolving Systems' Trading Symbol Reverts to "EVOL" from "EVOLD"

ENGLEWOOD, Colorado – Evolving Systems, Inc. (NASDAQ-EVOLD), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that its common stock will resume trading under the ticker symbol "EVOL" as of August 18, 2009. The Company's common stock had temporarily been trading under the symbol "EVOLD" to reflect its 1-for-2 reverse stock split that took effect on July 21, 2009.

About the Company
Evolving Systems, Inc. is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia.

CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations. For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 11, 2009, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com

CONTACTS:
Investor Relations
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303.393.7044
jay@pfeifferhigh.com

Press Relations
Sarah Hurp
Marketing Manager
Evolving Systems
+44 1225 478060
sarah.hurp@evolving.com

Evolving Systems is a registered trademark of Evolving Systems, Inc.

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This initial 'connection' stage shapes your customer's impression of how easy it is to do business with you.

We'll help you offer greater choice and flexibility by streamlining your provisioning process to fulfill orders quickly and accurately.

Your customers trust you to provide accurate and reliable billing... and you need those figures to make better business decisions.

Efficient management of every change and every upgrade helps you maintain customer loyalty and maximize your profits.

Increase the value of your subscriber base by creating personalized upgrade offers and pinpointing the customers you need to target.

Tertio ™ Service Activation

Event-driveb, Aytomated Service Activation

Key to Profitability

An effective activation system is critical to an operator's profitability. The activation system is involved in providing every service to every subscriber - voice, data, content, information or messaging. The volume of activation transactions handled by operators is huge - and still growing. The activation system needs to support many new network technologies and increasingly complex activation processes as more data and content services are introduced.