ACE*COMM Regains Compliance with Marketplace Rules for Private Placement Transaction

  
    
  
  
    
      ACE*COMM Corporation (NASDAQ:ACEC), 
      today reported that upon review of the private placement of convertible 
      notes and warrants transaction completed by the Company on June 11, 
      2007, the Nasdaq Staff determined that the transaction failed to comply 
      with Marketplace Rules 4350(i)(1)(D), IM4350-2 and 4310(c)(17). The 
      Staff notified the Company on July 23, 2007 that based on subsequent 
      submissions of amended, restated and supplemental agreements and other 
      materials, the issues relating to the private placement had been 
      corrected and the Company has regained compliance. As previously 
      disclosed, on July 16th the NASDAQ Listing Qualifications staff granted 
      the Company an extension, through September 5, 2007, to regain 
      compliance with other NASDAQ listing requirements.
    
    
      About ACE*COMM
    
    
      ACE*COMM is a global provider of value-added services, mobile content 
      delivery applications 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 networks. These 
      solutions provide revenue-generating mobile applications and the 
      analytical tools required to extract knowledge from operating networks—knowledge 
      customers use for 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 Verisign. Headquartered in the Washington, 
      DC area, ACE*COMM has corporate offices in Australia, Canada and the UK. 
      ACE*COMM is an ISO 9001 compliant company. For more information, visit www.acecomm.com.