ACE*COMM Announces Change to Executive Management Team

Apr 20, 2001, 01:00 ET from ACE*COMM Corporation

    GAITHERSBURG, Md., April 20 /PRNewswire Interactive News Release/ --
 ACE*COMM Corporation (Nasdaq:   ACEC), the innovator of Convergent Mediation(TM)
 and provider of Next Generation Network (NGN) Operations Support Systems
 (OSS), announced today that its president and chief operating officer, Gino
 Picasso, has accepted a position as chief executive officer of Iridium
 Satellite LLC, a provider of worldwide satellite communications services.
 George T. Jimenez, CEO and Chairman of the Board of Directors, will assume the
 role of interim president. The Company has initiated a search for a new
 president.
     "We appreciate Gino's contribution to the Company and the leadership
 provided during his tenure.  While we regret his departure, we wish him the
 best in his new endeavor," said Mr. Jimenez.  "Gino and I have been working
 closely, over the last few weeks, on an interim plan that will transition most
 of his responsibilities to me and other senior managers."
     "This was not an easy decision for me to make," said Mr. Picasso.
 "Although I am excited about the new opportunity, it has also been a privilege
 to be a member of this excellent team and working with George.  There are a
 number of exciting initiatives underway for the Company and it employees and I
 have great confidence in their future."
 
     About ACE*COMM:
     ACE*COMM (Nasdaq:   ACEC) delivers product based solutions for
 Telecommunications and Internet service providers worldwide.  The Company
 develops technology and provides related services for voice, conventional data
 networks and Internet protocol (IP) based networks.  ACE*COMM specializes in
 products and services that enable the capture, management, enhancement,
 warehousing and distribution of network data used to support the business
 operations of service providers.  These Operations Support System (OSS)
 solutions are provided by the Company to a broad range of customers,
 delivering both public and private communications services, and include
 wireless carriers, incumbent and competitive local exchange carriers, national
 and international long distance carriers, internet services providers and
 enterprises.  ACE*COMM is a registered ISO 9001 quality standard company.
 
     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 orders 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.
 
     ACE*COMM and the ACE*COMM logo are registered trademarks, and Convergent
 Mediation is a trademark of ACE*COMM Corporation.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X88458271
 
 

SOURCE ACE*COMM Corporation
    GAITHERSBURG, Md., April 20 /PRNewswire Interactive News Release/ --
 ACE*COMM Corporation (Nasdaq:   ACEC), the innovator of Convergent Mediation(TM)
 and provider of Next Generation Network (NGN) Operations Support Systems
 (OSS), announced today that its president and chief operating officer, Gino
 Picasso, has accepted a position as chief executive officer of Iridium
 Satellite LLC, a provider of worldwide satellite communications services.
 George T. Jimenez, CEO and Chairman of the Board of Directors, will assume the
 role of interim president. The Company has initiated a search for a new
 president.
     "We appreciate Gino's contribution to the Company and the leadership
 provided during his tenure.  While we regret his departure, we wish him the
 best in his new endeavor," said Mr. Jimenez.  "Gino and I have been working
 closely, over the last few weeks, on an interim plan that will transition most
 of his responsibilities to me and other senior managers."
     "This was not an easy decision for me to make," said Mr. Picasso.
 "Although I am excited about the new opportunity, it has also been a privilege
 to be a member of this excellent team and working with George.  There are a
 number of exciting initiatives underway for the Company and it employees and I
 have great confidence in their future."
 
     About ACE*COMM:
     ACE*COMM (Nasdaq:   ACEC) delivers product based solutions for
 Telecommunications and Internet service providers worldwide.  The Company
 develops technology and provides related services for voice, conventional data
 networks and Internet protocol (IP) based networks.  ACE*COMM specializes in
 products and services that enable the capture, management, enhancement,
 warehousing and distribution of network data used to support the business
 operations of service providers.  These Operations Support System (OSS)
 solutions are provided by the Company to a broad range of customers,
 delivering both public and private communications services, and include
 wireless carriers, incumbent and competitive local exchange carriers, national
 and international long distance carriers, internet services providers and
 enterprises.  ACE*COMM is a registered ISO 9001 quality standard company.
 
     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 orders 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.
 
     ACE*COMM and the ACE*COMM logo are registered trademarks, and Convergent
 Mediation is a trademark of ACE*COMM Corporation.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X88458271
 
 SOURCE  ACE*COMM Corporation