ACE*COMM's Network Business Intelligence(TM) (NBI) Suite Selected as Finalist for Two TeleStrategies 2006 Excellence Awards; NBI Achieves Recognition in Best New Product and Customer Success Categories.

GAITHERSBURG, Md. -- ACE*COMM Corporation (NASDAQ:ACEC), a global provider of advanced OSS, value-added services, and network business intelligence solutions, announced today that it has been selected by TeleStrategies, publisher of Billing World & OSS Today magazine, as a finalist in two categories for its Sixth Annual Excellence Awards. ACE*COMM Network Business Intelligence (NBI) is a finalist in the Best New Product category, and NBI's installation with a Tier 1 cable customer is a finalist in the Customer Success category. Published 12 times per year, Billing World & OSS Today is the most widely read magazine by the back-office software decision makers in the telecommunications industry.

ACE*COMM's NBI suite of products and underlying application platform collects, correlates, and transforms disparate data into actionable business information for operators to increase revenues, improve operating margins, and enhance utilization of network assets. NBI builds on ACE*COMM's extensive experience in converging information for use by network operators to support business decision-making and better serve their customers. ACE*COMM's NBI solutions have already been successfully deployed to reclaim $170 million per year in untapped subscriber revenues for one European Tier 1 carrier, and to uncover $41 million in unused network capacity for another UK carrier.

Billing World & OSS Today magazine editors selected the award finalists in six categories reflecting new products, innovation, customer success, operational excellence and more, from open nominations around the world. One winner will be selected from each category at the Billing & OSS World 2006 Excellence Awards reception on May 3 at the Billing & OSS World 2006 Conference & Exhibition in Miami.

"Being selected as a finalist in two award categories from a demanding team of judges confirms what our customers have been telling us: NBI is a winner," said John Bennett, President of ACE*COMM. "Being recognized in the company of our peers for our innovation and proven deployment success will underscore our value proposition to customers - NBI lets you gain greater visibility and insight to make better business decisions."

ACE*COMM's NBI suite collects data from disparate parts of an operator's network and environment, enables the correlation and analysis of data from many internal and external network sources, and provides tools for the operator to uncover revenue leakage, improve asset deployment, optimize marketing expenditures, facilitate network planning, and provide for the efficient migration of network resources. NBI also has the potential to identify where services need to be improved or new services can be introduced. For more information 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 for extracting 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 and the ACE*COMM logo are registered trademarks, and ACE*COMM Network Business Intelligence 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 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.