ACE*COMM Appoints Jim Greenwell as President

  
    
  
  
    
      ACE*COMM Corporation (NASDAQ: ACEC), 
      a global provider of value added services for telecom operators and 
      advanced operations support systems (OSS) solutions, today announced the 
      appointment of Jim Greenwell as president. Mr. Greenwell has over 18 
      years of management experience, including sales, marketing, business 
      development, and operations for telecommunications companies. Mr. 
      Greenwell will report to George T. Jimenez, who remains as CEO and 
      Chairman of the Board.
    
    
      “With his industry knowledge, leadership 
      skills and experience growing businesses profitably, Jim possesses the 
      capabilities to guide ACE*COMM to fully capitalize on the compelling 
      market potential for our technology,” said Mr. 
      George T. Jimenez, Chairman and CEO. “As 
      president, he will have the support of a cohesive, seasoned management 
      team committed to achieving the company’s 
      financial and business goals. I have challenged this team with some very 
      aggressive business growth and profitability goals, and I have the 
      utmost confidence in their ability to deliver.”
    
    
      Prior to joining ACE*COMM, Jim was senior vice president at LCC 
      International, a global leader in voice and data design, deployment and 
      management solutions to the wireless telecommunications industry, 
      responsible for the Americas and Asia Pacific Division. While there he 
      successfully reengineered the division back to profitability by 
      divesting certain operations, focusing on selling profitable new 
      business and controlling costs. Prior to heading up the Americas and 
      Asia Pacific Division, Jim served as vice president of sales and account 
      management where he exceeded sales goals and was instrumental in 
      bringing in some of the largest deals in the company’s 
      history. Prior to LCC, Jim was a managing director at Markowitz and 
      McNaughton, a consulting firm where he engineered a turn-around in 
      profitability and sales, building the company to record revenues while 
      decreasing turnover and increasing profitability. Jim also served as a 
      reengineering/change management consultant with Coopers and Lybrand and 
      was a sales manager for Environmental Tectonics Corporation. His career 
      began as a military intelligence officer in the U.S. Army where he 
      focused on Signals Intelligence. Jim is a graduate of Western Kentucky 
      University and holds an MBA from the Darden School of Business, at the 
      University of Virginia.
    
    
      “ACE*COMM has a rich tradition and reputation 
      in technology innovation and customer satisfaction,” 
      said Mr. Greenwell. “It is my goal to focus 
      our team on the fundamentals that have made our company a reputable and 
      successful global leader in providing network based solutions to our 
      customers. We have an opportunity to build upon a strong foundation of 
      committed professionals throughout the globe, a diverse and extensive 
      customer base, an excellent brand, and an innovative product focus that 
      will define our company’s success for the 
      future. It is a privilege to assume the role of President and I look 
      forward to working with everyone on the team to achieve our goals.”
    
    
      About ACE*COMM
    
    
      ACE*COMM is a global provider of value added services for telecom 
      operators 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 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 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, 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.
    
  
ACE*COMM Corporation (NASDAQ: ACEC), a global provider of value
added services for telecom operators and advanced operations support
systems (OSS) solutions, today announced the appointment of Jim
Greenwell as president. Mr. Greenwell has over 18 years of management
experience, including sales, marketing, business development, and
operations for telecommunications companies. Mr. Greenwell will report
to George T. Jimenez, who remains as CEO and Chairman of the Board.

   "With his industry knowledge, leadership skills and experience
growing businesses profitably, Jim possesses the capabilities to guide
ACE*COMM to fully capitalize on the compelling market potential for
our technology," said Mr. George T. Jimenez, Chairman and CEO. "As
president, he will have the support of a cohesive, seasoned management
team committed to achieving the company's financial and business
goals. I have challenged this team with some very aggressive business
growth and profitability goals, and I have the utmost confidence in
their ability to deliver."

   Prior to joining ACE*COMM, Jim was senior vice president at LCC
International, a global leader in voice and data design, deployment
and management solutions to the wireless telecommunications industry,
responsible for the Americas and Asia Pacific Division. While there he
successfully reengineered the division back to profitability by
divesting certain operations, focusing on selling profitable new
business and controlling costs. Prior to heading up the Americas and
Asia Pacific Division, Jim served as vice president of sales and
account management where he exceeded sales goals and was instrumental
in bringing in some of the largest deals in the company's history.
Prior to LCC, Jim was a managing director at Markowitz and McNaughton,
a consulting firm where he engineered a turn-around in profitability
and sales, building the company to record revenues while decreasing
turnover and increasing profitability. Jim also served as a
reengineering/change management consultant with Coopers and Lybrand
and was a sales manager for Environmental Tectonics Corporation. His
career began as a military intelligence officer in the U.S. Army where
he focused on Signals Intelligence. Jim is a graduate of Western
Kentucky University and holds an MBA from the Darden School of
Business, at the University of Virginia.

   "ACE*COMM has a rich tradition and reputation in technology
innovation and customer satisfaction," said Mr. Greenwell. "It is my
goal to focus our team on the fundamentals that have made our company
a reputable and successful global leader in providing network based
solutions to our customers. We have an opportunity to build upon a
strong foundation of committed professionals throughout the globe, a
diverse and extensive customer base, an excellent brand, and an
innovative product focus that will define our company's success for
the future. It is a privilege to assume the role of President and I
look forward to working with everyone on the team to achieve our
goals."

   About ACE*COMM

   ACE*COMM is a global provider of value added services for telecom
operators 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 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 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, 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.