Evolving Systems' Trading Symbol Reverts to "EVOL" From "EVOLD"

ENGLEWOOD, CO--(Marketwire - August 17, 2009) - Evolving Systems, Inc. (NASDAQ: EVOLD)
(NASDAQ: EVOL), 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.