Ace Comm Corp (MM) (NASDAQ:ACEC)
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ACE*COMM Corporation (NASDAQ:ACEC),
a global provider of service delivery solutions and advanced operations
support systems (OSS) for wireline and wireless telecommunications
operators, today announced that, based on a preliminary review of
results for the second quarter ended December 31, 2006, it expects to
report revenue of approximately $3.1 million and a net loss of
approximately $2.5 million. Final results for the quarter will be
announced on Tuesday, February 6, 2007.
Chairman and Chief Executive Officer George Jimenez commented:
“We continue to experience delays by several
significant customers in the award and implementation of certain large,
complex projects employing our core products, as described in our first
quarter 2007 earnings announcement. In addition, development of new
opportunities for our traditional products has slowed in the face of
industry consolidation and intensifying competition.
“In contrast, we continue to be encouraged by
the expanding opportunities to provide value-added services to wireless
operators, an area in which ACE*COMM has positioned itself for growth
with our Patrol Suite of products. Since our first Tier 1
customer went live in Atlantic Canada last November, with a subscriber
service powered by our award-winning and patent-pending Parent Patrol™
solution, we have generated favorable interest from several Tier 1
wireless carriers. Last quarter, a U.S. wireless carrier with more than
one million subscribers also selected our Parent Patrol™
solution. In recent months, we have additionally announced channel
agreements with Alcatel-Lucent and VeriSign to offer Patrol Suite
services to more than 200 major carriers using their combined hosted
services environments.
“Our goal is to firmly establish ACE*COMM as a
major player in the wireless value-added services sector within the next
12 months. This strategic initiative builds on our industry expertise,
service quality, unique product innovation, and customer and channel
relationships. In the process, we aim to diversify our customer base,
and improve ACE*COMM’s revenue visibility and
stability by providing more products and services under a recurring
revenue business model. We will discuss how we plan to achieve these
goals the during February 6, 2007 earnings conference.”
About ACE*COMM
ACE*COMM is a global provider of value added services, network business
intelligence 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 capabilities. 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 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 Unisys. Headquartered in the Washington,
D.C. area, ACE*COMM has corporate offices in Australia, Canada, China,
and the U.K. ACE*COMM is a registered ISO 9001 quality standard company.
For more information, visit www.acecomm.com.
ACE*COMM, NetPlus, the ACE*COMM logo, and N*VISION are registered
trademarks, and Convergent Mediation and Parent Patrol are 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 materialise, 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.