ACEC Ace Comm Corp (MM)

ACE*COMM Corporation (NASDAQ: ACEC), a provider of advanced telecom operations support and Business Support systems (OSS-BSS) for service providers and value-added services (VAS) Solutions for wireless operators, today announced that based on a preliminary review of results for the fourth quarter ended June 30, the company expects to report revenue in the range of $3.8 to $4.0 million, an increase of approximately 26 � 30% over each of the prior three quarters. Jim Greenwell, ACE*COMM�s Chief Executive Officer, commented �We are pleased with the improving results for the fourth quarter. Earlier in the year we announced a plan to concentrate our efforts on recurring-revenue opportunities, particularly in the area of wireless VAS. Since then we have secured partner relationships in our key strategic channels, and we are now supporting the deployment of four wireless operators � double our previous number � with our Patrol Suite� products, both directly and through our partners.� �In addition, our newly developed revenue management solution, OpenARMS�, continues to generate strong interest in the mobility space. We are currently engaged with the company that operates the world�s largest mobile transaction network for our revenue management solution. To win this business, we augmented current service delivery platform applications with Open Source tools that expand the flexibility, capacity and speed of the functionality. We also won a new broadband mediation project with a large operator in the Middle East.� �Because of these improvements in both the financial and project areas, we expect to achieve similar financial results for the first quarter of the new fiscal year. Our goal is to be profitable in our traditional lines of business while investing in the growth potential of the Patrol Suite� products. We feel the next 16 months are key to acquiring clients and setting up the recurring revenue model.� Steve Delmar, Chief Financial Officer, added, �We have adjusted the expense base of the company to reflect the objectives we have established. The $4.2 million we raised last month will enable us to fund investment in our VAS business. For that business to achieve our growth plan, it must continue at a pace that matches developments in the market. We are beginning to see the early results attendant to sticking with the discipline we have adopted and we are encouraged by this quarter�s preliminary results.� About ACE*COMM ACE*COMM is a global provider of advanced operations systems (OSS) and service delivery solutions for telecommunications service providers and enterprises. ACE*COMM�s advanced OSS solutions are applicable to a range of legacy through next-generation networks that include wired, wireless, voice, data, multimedia and Internet communications networks. Network operators use them for revenue management, cost reduction, improved operational efficiency, acceleration of time-to-market for new services, and more effective customer care. ACE*COMM�s service delivery solutions provide mobile service providers with award-winning, in-demand consumer-oriented services to help them achieve and sustain market share, generate new revenue and position themselves as market innovators. For more than 20 years, ACE*COMM technology has been effectively deployed for more than 300 customers, spanning more than 4,000 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 Gaithersburg, MD, ACE*COMM has corporate offices in Australia, Canada, China, and the UK. ACE*COMM is an ISO 9001 quality standard compliant company. For more information, visit www.acecomm.com. 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.