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Contact:
Stephen Nykolyn
Redwood Technologies Inc.
403-829-0098

REDWOOD TECHNOLOGIES AMONG 15 INNOVATIVE COMPANIES SELECTED TO PRESENT AT MOBITECHFEST 2008

Redwood empowers mobile phone users with their flagship product - momentem™ - a call tagging and mobile expense management solution for BlackBerry users, being presented as part of MobiTechFest Conference on September 9th in Mountain View

CALGARY, Alberta and FOLSOM, California, Sep 03, 2008 - Redwood Technologies and its flagship service - momentem™ are among 15 companies that have been chosen to present to investors and industry executives at TechCoire's MobiTechFest 2008 in Mountain View, Calif. The conference will be held September 9th at the Microsoft Conference Center in Mountain View, CA More than 150 of the mobile industry's top investors, innovators and executives will attend conference. The event focuses on bringing together professionals from related disciplines to showcase the most promising innovations from the mobile industry to a group of leading investors. Investor firms confirmed to attend include Accel Partners, Angels Forum, Asset Management Company, AT&T Ventures, Artiman Ventures, Blumberg Capital, Band of Angels, Globespan Capital Partners, Keiretsu Forum, North Bay Angels, Norwest Venture Partners, First Round Capital, Nexit Ventures, MilkStreet Ventures, Panorama Capital, Sierra Ventures, Opus Capital, Storm Ventures, Sigma Partners and Trinity Ventures.

Redwood Technologies, an innovative developer of wireless software products and services for professional mobile phone users is one of the chosen companies to present at MobiTechFest. "We are delighted to be one of the finalists at MobiTechFest 2008 as we are gearing up for market launches in North America and Europe" says Redwood Technologies President, Terry Hughes. "The timing and location of this event is perfect for us as we expand." Redwood is launching momentem™, the first downloadable complete telecom expense management solution for BlackBerry smartphone users. momentem™ combines software with a managed service. momentem™ enables users to "tag" their mobile calls directly from the handset at the end of each call, and associate them with specific contacts and projects. The tagged call records are sent to the momentem™ service in real time using the phone's data connection. momentem™ also enables users to tag the time spent on e-mails, as well as log expenses and other activities, all via momentem™'s intuitive handset user interface. With momentem™, busy professionals can also allocate specific calls or e-mails to customers and projects, as well as attach notes or action items for follow-up.

Another vital part of the service is that users can generate on-demand reports of all of their tagged call activity, directly from the BlackBerry smartphone. The reports allow the user to analyze, sort, and match-up the activity with the entries noted on their phone bills. The reports also make it easier to detail the time and costs when creating expense reports or filling out timesheets. Professionals are no longer forced to wait for carrier bills to reconcile activity.

"The 'prosumer', the professional consumer, is one of the fastest growing segments of the mobile market," explained Terry Hughes of Redwood Technologies. "Redwood's goal has been to develop momentem™ as a downloadable software application and a service that users can sign up and begin using within minutes, with no need for any complex set-up or integration."

"MobiTechFest 2008 is literally a showcase of the latest technology being developed in the mobile industry, and the event is a must-attend for these innovative companies and the top investors in the field," said TechCoire founder Gopan Madathil. "We are pleased to select Redwood Technologies from a list of more than 40 companies that submitted to present at this exciting conference."

About MobiTechFest 2008 and TechCoire MobiTechFest is a part of the Investorfest® series of events produced by TechCoire, the leading organization of technology entrepreneurs and executives from Northern California. For the past eight years, TechCoire has developed and hosted leading-edge programs and events focused on helping early stage entrepreneurs. For more information about mobitechfest and to register, visit http://www.mobitechfest.com. For more information about TechCoire, visit http://techcoire.com.