May 26th, 2005

SpeculatingStocks.com Stock Pick: Evolving Systems, Inc. (EVOL)

Price: $2.75 (long-term strong buy)

Evolving Systems, Inc. is a leading provider of innovative software solutions and services to the wireless, wireline and IP carrier market. They provide software and services to more than 50 network operators in 38 countries worldwide.

EVOL recently bottomed at the $1.70 and $2.00 levels and has been climbing heavily over the past seven trading days. Insiders have been purchasing over the past year and most heavily during the past month. Insider purchases for the month of May so far total $160,960.

The company maintains its profitable 2005 outlook and a view of between $44 and $50 million in revenue. Evolving Systems is in a hot industry and should meet or beat their expectations as IP services continue to grow.

SpeculatingStocks.com Target Price: We expect EVOL to hit $8.00 within the next 6-12 months.