Saudi Telecom Audit Department Selects ACECOMM to Review Efficiency Across Its Billing Operations

Business Wire, Oct 4, 2005

GAITHERSBURG, Md. -- Please replace the release dated Sept. 28, 2005 with the following corrected version due to multiple revisions.

The corrected release reads:

SAUDI TELECOM AUDIT DEPARTMENT SELECTS ACE*COMM TO REVIEW EFFICIENCY ACROSS ITS BILLING OPERATIONS

ACE*COMM Corporation (NASDAQ:ACEC), a global provider of network business intelligence and advanced operations support systems (OSS) solutions, today announced that it has won a significant contract with the Saudi Telecom (STC) Audit Department to analyze the operator's GSM network utilizing its Network Business Intelligence(TM) (NBI) suite of products.

Saudi Telecom serves 14 million customers throughout Saudi Arabia via its mobile and fixed line operations. It will initially use the ACE*COMM NBI platform to evaluate its GSM services to address revenue leakage and improve asset recovery.

Revenue leakage and asset recovery are increasingly becoming key issues for operators in competitive markets. Industry estimates conservatively suggest operators typically lose up to 3% of gross revenues due to leakage, with many case studies quoting significantly higher losses.(1)

ACE*COMM will utilize its NBI Dashboard, N*VISION(R), and revenue optimization applications. These will be deployed to identify any discrepancies occurring between STC's switches and the billing system. Raw data will be collected from the network and billing system, integrated and converted into a usable data model using N*VISION(R). The revenue optimization module will identify billing discrepancies and deliver results via the Dashboard. All of the ACE*COMM applications automate data collection and interrogation to ensure compliance with corporate governance requirements.

"STC's decision to use ACE*COMM's NBI practices is a clear endorsement that our approach addresses a key requirement for operators," said Noga Confino, Managing Director of EMEA, ACE*COMM. "We are committed to working with our customers to help them maximize profitability and operational efficiency."

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 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.

(1) Chorleywood Consulting, PBI Media, PWC & KPMG