Replies to post #934 on Symbolic Logic Inc. (EVOL)

[eastunder]

On 7-1-11 Closes Sale of Numbering Solutions Business to Neustar, Inc.

(link back to definative agreement)

Press Release Source: Evolving Systems On Friday July 1, 2011, 10:15 am EDT

ENGLEWOOD, CO--(Marketwire - 07/01/11) - Evolving Systems, Inc. (NASDAQ:EVOL - News), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it has closed the sale of its Numbering Solutions business to Neustar, Inc. (NYSE:NSR - News) for approximately $39.0 million in cash and the assumption of certain liabilities.

Thad Dupper, chairman and CEO of Evolving Systems, said, "The sale of our Numbering business was beneficial to our stockholders as well as to Neustar. Our going forward business model focuses on our Activation solutions -- specifically our Dynamic SIM Allocation™ (DSA), Tertio Service Activation™ (TSA), and Intelligent M2M Controller™ (IMC) products -- where we see excellent growth potential."

Lazard acted as financial advisor and B. Riley & Co. provided a fairness opinion to Evolving Systems for this transaction