ACE*COMM'S NetPlus(R) Wins ''Product of the Year'' from Internet Telephony(R) Magazine; NetPlus(R) Telecom Management System is Recognized for Voice-Over-IP (VoIP) Capabilities.

GAITHERSBURG, Md. -- ACE*COMM Corporation (NASDAQ:ACEC), a global provider of network business intelligence and advanced operations support systems (OSS) solutions, today announced that Technology Marketing Corporation's (TMC(R)) Internet Telephony(R) magazine has designated its NetPlus(R) telecommunications management system (TMS) a winner of the magazine's prestigious Product of the Year Awards for 2005. Internet Telephony(R) is the premier publication in the rapidly growing VoIP/IP telephony industry.

NetPlus(R) integrates with IP-based vendor equipment, and extends telemanagement functionality into the VoIP platform with a migration that is transparent to end-users, the transport technology, and the equipment vendor.

"As the move to VoIP builds, a TMS built on open standards with APIs that allow other systems to access its functionality and data is required to fully realize the benefits of VoIP," said George T. Jimenez, CEO of ACE*COMM. "NetPlus(R) is built on open standards, so that organizations can easily extend the system as new network devices are added and new services are made available. Further, as IT and telephony intertwine and merge, NetPlus(R) can track and access data in near real-time from all sources and make its data available to other IT management systems."

According to Internet Telephony(R) editors, the selected companies demonstrate the vision, leadership and attention to detail that are the hallmarks of Product of the Year award winners. Rich Tehrani, TMC President and Editor-in-Chief of Internet Telephony(R) magazine, said, "The companies selected to receive Internet Telephony(R) Product of the Year Awards for 2005 have been instrumental in the explosive growth of VoIP and the larger IP telephony industry this year. We're proud to reward their hard work and innovation."

According to TMC Editorial Director Greg Galitzine, "The Product of the Year awards exemplify the best that this industry has to offer. The companies earning this distinction have demonstrated a commitment to quality, and a commitment to the further development of the IP telephony industry through their contributions. All winners deserve this great honour, and I look forward to seeing other innovative solutions from them as they continue to contribute to the future of VoIP and IP telephony."

A full list of Product of the Year winners will be published in the January, 2006 issue Internet Telephony(R) magazine (www.itmag.com).

For more information about TMC and Internet Telephony(R) magazine, please visit www.tmcnet.com.

For more information on NetPlus(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 NetPlus 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.