Ace Comm Corp (MM) (NASDAQ:ACEC)
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From May 2019 to May 2024
ACE*COMM Corporation (NASDAQ: ACEC), today reported that Nasdaq has
notified the Company it is not in compliance with a continuous listing
requirement for inclusion on the Nasdaq Capital Market because, pursuant
to Nasdaq Marketplace Rule 4310(c)(4), the Company’s
price per share for its common stock closed below the minimum $1.00 per
share requirement for 30 consecutive business days.
Pursuant to Marketplace Rule 4310(c)(8)(D), the Company will be provided
180 calendar days to regain compliance with Nasdaq’s
minimum bid price requirement. To do so, the bid price of the Company’s
common stock must close at $1.00 or more per share for a minimum of 10
consecutive business days any time before February 6, 2008.
If ACE*COMM does not achieve this requirement by February 6, 2008,
Nasdaq Staff will determine whether the Company meets the Nasdaq Capital
Market initial listing criteria as set forth in Marketplace Rule
4310(c), except for the bid price requirement. If so, Staff will notify
the Company that it has been granted an additional 180-day calendar
compliance period.
If the Company is not eligible for an additional compliance period,
Staff will provide written notification that the Company’s
securities will be delisted. The Company may appeal the Staff’s
determination at that time.
About ACE*COMM
ACE*COMM is a global provider of advanced operations support and service
delivery solutions (OSS) 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-Lucent, AT&T, Cisco, General Dynamics, IBM, Motorola, Northrop
Grumman, Siemens, and Verisign. Headquartered in Gaithersburg, MD,
ACE*COMM has corporate offices in Australia, Canada, and the UK.
ACE*COMM is an ISO 9001 quality standard compliant company. For more
information, visit www.acecomm.com.