ACEC Ace Comm Corp (MM)

ACE*COMM Corporation (NASDAQ: ACEC), a global provider of advanced OSS, value-added services, and network business intelligence solutions, today announced that it has added three new North American customers in the municipal and federal government sectors for its NetPlus(R) enterprise OSS and telemanagement product suite. In total, these contracts represent an initial value of approximately US$800 thousand. They include: -- The county government for one of the most populous counties on the US west coast -- A major western municipal utility supplying basic utilities to millions of residents -- A congressional agency encompassing thousands of employees in multiple locations These new contracts are an illustration of the Company's strategy to aggressively penetrate the civilian government sector with the NetPlus(R) solution. ACE*COMM now has a total of nine government customers - encompassing state, local and related municipal governments - who use NetPlus(R) to manage internal communications systems and data. "NetPlus(R) provides our customers with the software tools and best-practice disciplines to automate network operations and management functions to improve communications and control service costs across the enterprise," said John Bennett, President of ACE*COMM. "Municipal and federal government organizations typically are seeking to enhance and improve how they manage their telecommunications inventories, business processes, and related expenses. They need to leverage and integrate with existing telecom and network infrastructure, demonstrate a compelling return-on-investment (ROI), and continuously incorporate new technologies to maximize efficiencies and reduce costs. NetPlus(R) delivers the software tools to consolidate and improve all organizational communications systems and technologies." NetPlus(R) provides an enterprise-level view of communications and data systems. It improves information flow inside and outside of the organization, and allows for more efficient operations by automating service administration, tracking network connections, detecting system errors and malfunctions, controlling network inventory assignments and configuration, monitoring traffic, and performing billing functions, all within a secure network environment. For more information about NetPlus(R), contact: info@acecomm.com. About ACE*COMM ACE*COMM is a global provider of value-added services, network business intelligence and advanced operations support systems (OSS) solutions for telecom service providers and enterprises. ACE*COMM's solutions are applicable to a range of legacy through next-generation networks that include wired, wireless, voice, data, multimedia, and Internet communications networks. These solutions provide the analytical tools required to extract knowledge from operating networks - knowledge customers use for asset recovery and revenue assurance, cost reduction, improved operational efficiency, acceleration of time-to-market for new services, and more effective customer care. For over 20 years, ACE*COMM technology has been effectively deployed for more than 300 customers, spanning over 4000 installations in 70 countries worldwide. ACE*COMM-installed products are currently enabling the success of customers and partners such as Alcatel, AT&T, Cisco, General Dynamics, IBM, Level 3 Communications, Marconi, Motorola, Northrop Grumman, Siemens, and Unisys. Headquartered in the Washington, DC area, ACE*COMM has corporate offices in Australia, Canada, China, and the UK. ACE*COMM is a registered ISO 9001 quality standard company. For more information, visit www.acecomm.com. ACE*COMM, NetPlus, and the ACE*COMM logo are registered trademarks of ACE*COMM Corporation. Except for historical information, the matters discussed in this news release include forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including, but not limited to: the failure of anticipated demand to materialize, delays or cancellations of orders due to various factors, including business and economic conditions in the U.S. and foreign countries; industry-wide slowdowns, any limitations on customers' financial resources, the continued convergence of voice and data networks, the continuing success of the Company's strategic alliances for product development and marketing, customer purchasing and budgetary patterns or lack thereof; pricing pressures and the impact of competitive products; the timely development and acceptance of new products; the Company's ability to adequately support its operations, and other risks detailed from time to time in the Company's Report on Form 10-Q and other reports filed with the Securities Exchange Commission.