ACE*COMM Announces Departure of President John Bennett

  
    
  
  
    
      ACE*COMM Corporation (NASDAQ:ACEC), 
      a global provider of advanced OSS and value-added services applications, 
      today announced that John Bennett, its president since June 2005, will 
      be leaving the Company.
    
    
      "Through some difficult times, John has demonstrated his leadership and 
      professionalism,” said George T. Jimenez, CEO 
      of ACE*COMM. “Over the course of the past 
      year, he has worked diligently to manage our corporate operations and 
      sales functions, and has been a most effective representative of the 
      company’s interests around the world. On 
      behalf of the rest of the management team, I would like to express our 
      appreciation for his contributions and wish him well in his future 
      endeavors.”
    
    
      Mr. Bennett’s duties will be assumed by other 
      members of the management team, until a replacement is named.
    
    
      Management will be holding a conference call on Thursday, October 26, 
      2006 at 5:30 pm, Eastern Standard Time, to discuss the first quarter 
      results and current corporate activities. To participate, please call 
      866-837-9780 (within the United States) or 703-639-1418 (outside the 
      United States). When prompted, enter the ACE*COMM reservation number 986238. 
      Internet users can hear a simultaneous live Webcast of the 
      teleconference at http://acecomm.com 
      or http://www.fulldisclosure.com. 
      A taped replay of the call will be made available from the ACE*COMM 
      Corporate Web Site after 8:30 pm, on Thursday, October 26, 2006.
    
    
      About ACE*COMM
    
    
      ACE*COMM is a global provider of 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 for extracting 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 an ISO 9001 compliant company. For more information, 
      visit www.acecomm.com.
    
    
      ACE*COMM and the ACE*COMM logo are registered trademarks, and 
      ACE*COMM Enterprise Patrol is a trademark, 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.
    
  
ACE*COMM Corporation (NASDAQ:ACEC), a global provider of advanced
OSS and value-added services applications, today announced that John
Bennett, its president since June 2005, will be leaving the Company.

   "Through some difficult times, John has demonstrated his
leadership and professionalism," said George T. Jimenez, CEO of
ACE*COMM. "Over the course of the past year, he has worked diligently
to manage our corporate operations and sales functions, and has been a
most effective representative of the company's interests around the
world. On behalf of the rest of the management team, I would like to
express our appreciation for his contributions and wish him well in
his future endeavors."

   Mr. Bennett's duties will be assumed by other members of the
management team, until a replacement is named.

   Management will be holding a conference call on Thursday, October
26, 2006 at 5:30 pm, Eastern Standard Time, to discuss the first
quarter results and current corporate activities. To participate,
please call 866-837-9780 (within the United States) or 703-639-1418
(outside the United States). When prompted, enter the ACE*COMM
reservation number 986238. Internet users can hear a simultaneous live
Webcast of the teleconference at http://acecomm.com or
http://www.fulldisclosure.com. A taped replay of the call will be made
available from the ACE*COMM Corporate Web Site after 8:30 pm, on
Thursday, October 26, 2006.

   About ACE*COMM

   ACE*COMM is a global provider of 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 for
extracting 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 an ISO 9001 compliant company.
For more information, visit www.acecomm.com.

   ACE*COMM and the ACE*COMM logo are registered trademarks, and
ACE*COMM Enterprise Patrol is a trademark, 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.