Independent Research Report Ranks ACE*COMM a Leading Developer of Parental Controls for the Youth Mobile Market.

GAITHERSBURG, Md. -- Market Strategy Consultant iGR Indicates That Deploying Parental Management Solutions for Kids with Cell Phones is One of the Most Pressing Product Strategies for Wireless Operators Today

ACE*COMM Corporation (NASDAQ:ACEC), a global provider of advanced OSS, value-added services, and network business intelligence solutions, today announced that an independent research report by iGR - "Mobile Phones, Children and Parental Controls", August 2006 - has ranked ACE*COMM's Parent Patrol(TM) as a leader in the parental controls marketplace. iGR is a market strategy consultancy focused on the wireless and mobile communications industry.

"From conversations with multiple mobile operators, we understand that the need to provide a solution that incorporates parental controls is one of the most pressing product strategies for wireless service providers today," said Iain Gillott, wireless analyst at iGR and acknowledged mobile industry authority. "Our data clearly shows that there is a significant untapped mobile market with children, but the mobile operators must be responsible in addressing this opportunity. In the competitive wireless marketplace, operators need to provide the appropriate parental protection and management capabilities in order to responsibly target younger subscribers with parents' blessings."

According to the iGR report, "ACE*COMM, a leader in the parental control industry, is offering Parent Patrol and is a good example of a network-based product that has met with wide acceptance and a high level of interest from the mobile operators."

iGR characterizes the market trend for parental controls as not being limited to Tier 1 operators, indicating that many Tier 2 and 3 operators are planning services that offer parents controls over their child's cell phone usage. "It is not a question of if an operator will offer parental controls, but when," said Mr. Gillott. "Carriers are already procuring these solutions. We can expect to see rollouts in this calendar year."

"iGR's research provides further confirmation that our Parent Patrol(TM) approach is right on track," said George Jimenez, CEO of ACE*COMM. "Parent Patrol(TM) is not an expensive handset-based solution, nor does it require parents to sign up for a whole new service that includes proprietary handsets. Parent Patrol(TM) is a flexible network-based solution that can be added onto an existing family plan, lets parents apply restrictions on a per-child basis, and can include filtering to prevent kid's access to communications and content that may be inappropriate. It is easy to market, can be offered to existing or new subscribers, encourages parents to bring younger children into family plans, and gives the service provider a good corporate citizen stamp of approval."

For more information on Parent Patrol(TM), visit: www.parent-patrol.com.

About Iain Gillott:

Iain Gillott, the founder and president of iGR, is an acknowledged wireless and mobile industry authority. He is a frequent speaker on industry issues and trends and has addressed audiences around the world and at many of the leading industry trade shows, including CES, SuperComm, WiMAX World, BREW, 3G Americas, and CTIA. In addition, he is frequently quoted in various publications, including Investors Business Daily, the Wall Street Journal, Telephony, RCR, Newsweek International, Wireless Week, and Business Week and has appeared on CNN, CNBC, and TechTV.

About iGR

iGR is a market strategy consultancy focused on the wireless and mobile communications industry. Founded by Iain Gillott, one of the wireless industry's leading analysts, iGR provides research and analysis on the impact new wireless and mobile technologies will have on the industry, on vendors' competitive positioning, and on clients' strategic business plans. iGR clients typically include service providers, equipment vendors, mobile Internet software providers, wireless ASPs, mobile commerce vendors, and billing, provisioning, and back office solution providers. iGR offers a range of services to help telecom companies improve their position in the marketplace, clearly define their future direction, and, ultimately, improve their bottom line.

A more complete profile of the company can be found at www.iGR-Inc.com.

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 and the ACE*COMM logo are registered trademarks, and Parent Patrol 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.