ACE*COMM Awarded 2002 'Product of the Year' by Technology Marketing Corporation's Communications Solutions Magazine.

Business Editors/High-Tech Writers

NORWALK, Conn. & GAITHERSBURG, Md.--(BUSINESS WIRE)--March 20, 2003

NetPlus(R) EOSS Singled Out For Its Technological Excellence and

Vision

ACE*COMM Corporation (NASDAQ:ACEC), a global provider of advanced operations support systems (OSS) technologies, announced today that Technology Marketing Corporation (TMC(TM))'s Communications Solutions(R) magazine, named NetPlus(R) EOSS as a Product of the Year winner for 2002.

Communications Solutions(R) is the premier publication in the rapidly growing IP telephony industry.

"ACE*COMM's NetPlus(R) is a clear leader in the communications and telecom industry. We're proud to reward their hard work and innovation with a Product of the Year Award for 2002," said Rich Tehrani, president of TMC and group editor-in-chief of Communications Solutions(R). "The Product of the Year award honors the outstanding teams who developed and manufactured the products and services on our winning list, and also educates our readers on the vast array of offerings in this market. Choosing the winners was a difficult process."

NetPlus(R) is an advanced enterprise operations support system (EOSS) specifically designed for convergent networks. It contains modules and applications that let large enterprises track and manage all aspects of their communications network. Depending on the size and scope of the network, NetPlus(R) can save enterprises thousands of dollars per month in network management headaches and cost leaks.

ACE*COMM recently launched NetPlus(R) 6 - the next generation of advanced enterprise and network management system featuring new levels of usability and interoperability.

NetPlus(R) 6 features the following:

-- Enhanced network and communications performance.

-- Expedited deployment of new services and technologies.

-- Support for application servers and third party plug-ins.

-- The seamless integration and/or replacement of disparate systems.

-- Increased reliability and operational efficiencies.

-- Workflow Engine with business rule and process definition for improved productivity and data accuracy.

"The Communications Solutions Product of the Year Awards are an important tradition and the perfect way for us to honor companies developing cutting-edge products and services," added Marc Robins, TMC's Vice President of Publications and Trade Shows.

A full list of Product of the Year winners appears at: http://www.tmcnet.com/comsol/cs_poy02.htm.

About TMC(TM)

Since 1972, Technology Marketing Corporation (TMC(TM)) has produced industry-leading trade magazines and events focused on technology and telecommunications.

TMC(TM) publishes two magazines: Customer Inter@ction Solutions(TM) and Internet Telephony(R) , two online publications, Planet PDA(TM) Magazine and BiometriTech(TM) Magazine, and a series of e-mail newsletters, including Communications Solutions eNews.

TMC(TM) is also the first publisher to test new products in its own on-site laboratories, TMC Labs(TM), and provide factual and unbiased product reviews. TMC also produces INTERNET TELEPHONY(R) Conference & Expo, Planet PDA(R): The Enterprise PDA Event and BiometriTech Conference & Expo. TMCnet.com publishes more than 25 topical online newsletters.

For more information about TMC, visit its Web site at www.tmcnet.com.

About ACE*COMM

ACE*COMM is a global provider of advanced Convergent Mediation(TM) products and Enterprise Telemanagement software applications. ACE*COMM's solutions are employed in wired and wireless networks that deliver voice, data, mixed media and Internet communications. Their proven technology provides the ability to capture, secure, validate, and enhance data from multiple networks.

These operations are performed interactively with a data warehouse, and processed information is distributed in near real-time, to all types of carrier OSS (Operations Support Systems) and BSS (Business Support Systems). Solutions are matched to each customer's business environment.

They provide the analytical tools required to extract knowledge from operating networks - knowledge our customers use to generate more revenue, reduce costs, accelerate time-to-market for new services, and deliver more effective customer support.

For more than 20 years, ACE*COMM technology has been effectively deployed in over 3500 installations in more than 65 countries world-wide - including over 100 installations in China - enabling the success of customers and partners such as AT&T, Cisco, Marconi, Motorola, Alcatel, General Dynamics, TRW, Unisys and Siemens.

ACE*COMM is a registered ISO 9001 quality standard company. For more information, visit www.acecomm.com.

ACE*COMM, NetPlus, 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 future events 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.

The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.