ACE*COMM to Provide Voice & IP Billing Mediation to Leading Greek Next-Generation Service Provider; Vivodi to Use ACE*COMM's N*V

ACE*COMM Corporation (NASDAQ:ACEC), a global provider of
network business intelligence and advanced operations support systems
(OSS) solutions, today announced that it has signed a contract to
provide its N*VISION(R) mediation solution to Vivodi
Telecommunications, S.A. Vivodi is a rapidly-growing next-generation
Voice-over-IP (VoIP) and IP/Data service provider in Greece.
N*VISION(R) is an advanced mediation solution that includes analytical
and service control tools. It will be introduced into the Vivodi
network to provide accurate measurement and billing of network
utilization for a variety of next-generation services.
   Vivodi provides integrated communications services over its own
network infrastructure, delivering voice, data, and Internet to
corporate and residential customers. Vivodi's network covers most
major cities in Greece, as well as several European cities for
interconnection with carrier customers and partners.
   "We realized that an advanced mediation platform was critical to
the effective implementation of our next-generation services," said
Ilias Liakopoulos, Vivodi's Director of IT & Network Development.
"After testing other solutions in the market, we selected ACE*COMM's
N*VISION(R) to provide the basis for an accurate billing process,
manage content and settlements, and ensure the seamless integration
with our BSS/OSS systems."
   "Vivodi is making progressive gains in Greece's rapidly evolving
next-generation market sector," said John Bennett, President of
ACE*COMM. "To better support their growth and expanding customer base,
they identified the requirement for an industry-class mediation
solution to maximize revenues from their IP-based services, and to do
more with network planning, service-level measurement, financial
performance monitoring, and customer-specific marketing. N*VISION(R) -
with its powerful data-mining tools - will help to ensure Vivodi's
effective business decision-making in an intensely competitive
marketplace."
   N*VISION(R), ACE*COMM's data management and specialized
network-usage data warehousing platform for voice or packet (IP)
networks, includes the environment and software tools to process,
distribute, and store records for OSS/BSS operations and
decision-making.
   For more information on N*VISION(R), contact: [e-mail]

   About ACE*COMM

   ACE*COMM is a global provider of network business intelligence 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 4000 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, the ACE*COMM logo, and N*VISION are registered
trademarks, and Convergent Mediation is a trademark, 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.