ACE*COMM To Retain Nasdaq Listing Pending Further Staff Review

  
    
  
  
    
      ACE*COMM Corporation (NASDAQ:ACEC), 
      today announced that on July 16th, the NASDAQ Listing Qualifications 
      staff notified the Company that based on the plan and supporting 
      materials submitted by the Company, they had determined to grant the 
      Company an extension, through September 5, 2007, to regain compliance 
      with NASDAQ listing requirements. The Company must achieve a minimum 
      threshold in at least one of stockholders equity, market value or net 
      income by that date.
    
    
      The Company would still be subject to delisting if the NASDAQ staff 
      determines the Company does not satisfy the listing requirements at that 
      time, although the Company may appeal the staff’s 
      determination to the NASDAQ Listing Qualifications Panel.
    
    
      Throughout this period of review and appeal (if any) the Company’s 
      securities will remain listed on the NASDAQ stock market.
    
    
      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.
    
    
      ACE*COMM, the ACE*COMM logo, Parent Patrol and N*VISION are 
      registered 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 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.