ACEC Ace Comm Corp (MM)

ACE*COMM Corporation (NASDAQ:ACEC), today announced that on July 16th, the NASDAQ Listing Qualifications staff notified the Company that based on the plan and supporting materials submitted by the Company, they had determined to grant the Company an extension, through September 5, 2007, to regain compliance with NASDAQ listing requirements. The Company must achieve a minimum threshold in at least one of stockholders equity, market value or net income by that date. The Company would still be subject to delisting if the NASDAQ staff determines the Company does not satisfy the listing requirements at that time, although the Company may appeal the staff�s determination to the NASDAQ Listing Qualifications Panel. Throughout this period of review and appeal (if any) the Company�s securities will remain listed on the NASDAQ stock market. About ACE*COMM ACE*COMM is a global provider of value-added services, mobile content delivery applications and advanced operations support systems (OSS) solutions for telecommunications 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 revenue-generating mobile applications and the analytical tools required to extract knowledge from operating networks�knowledge customers use for 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 4,000 installations in 70 countries worldwide. ACE*COMM-installed products are currently enabling the success of customers and partners such as Alcatel-Lucent, AT&T, Cisco, General Dynamics, IBM, Level 3 Communications, Marconi, Motorola, Northrop Grumman, Siemens and Verisign. Headquartered in the Washington, DC area, ACE*COMM has corporate offices in Australia, Canada and the UK. ACE*COMM is an ISO 9001 compliant company. For more information, visit www.acecomm.com. ACE*COMM, the ACE*COMM logo, Parent Patrol and N*VISION 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.