ENGLEWOOD, CO--(Marketwire - May 16, 2012) - Evolving Systems, Inc. (NASDAQ: [ EVOL ]), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced that Thad Dupper, chief executive officer, will present at the B. Riley & Co. 13^th Annual Investor Conference in Santa Monica, CA, on Tuesday, May 22, 2012, at 3:00 p.m. Pacific Time. The conference is being held at the Lowes Santa Monica Beach Hotel.

The Company's presentation material will be made available on May 22, 2012, at [ www.evolving.com ].

About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: [ EVOL ]) is a provider of software and services to 50 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of connected devices. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. Further information is available on the web at [ www.evolving.com ].

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. Specifically, statements about Company management's plans to present at the B. Riley investor conference are forward-looking statements. 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, and important factors that could cause actual results to differ materially from those contained in the forward-looking statements, please refer to the Company's Form 10-K filed with the SEC on March 30, 2012, as well as other SEC filings, including Forms 10-Q, 10-Q/A, 8-K and press releases.