Exhibit 99.1
(ACECOMM LETTERHEAD)
ACE*COMM REPORTS RESULTS
FOR THE FOURTH QUARTER AND FISCAL YEAR 2007
Fourth Quarter Fiscal 2007 Highlights
    Revenue increased 29% over 3Q FY07
 
    $4.2 million in new growth financing secured
 
    Increased to 4 the number of wireless operators implementing Parent Patrol®
Gaithersburg, MD — September 18, 2007
- ACE*COMM Corporation (ACEC.PK), a global provider of network business support and advanced operations support systems (BSS and OSS) solutions, today reported financial results for the fourth quarter and fiscal year 2007, both ending June 30, 2007.
Revenues for the fourth quarter of 2007 totaled $4.0 million compared to $3.1 million in Q3, 2007 and $6.5 million for the same quarter in fiscal year 2006. Net loss for the quarter was $1.6 million, or $0.09 per fully diluted share, compared to net loss of $2.6 million or $0.14 per share for Q3, and $0.5 million, or $0.03 per fully diluted share, for the same quarter a year ago.
For the year ended June 30, 2007, the Company recorded revenues of $13.3 million, compared to $26.7 million for fiscal year 2006. The Company had a net loss and loss per fully diluted share of $9.5 million and $0.53, respectively, compared to a net income and income per fully diluted share of $0.3 million and $0.02 for fiscal year 2006.
“After three quarters of weak results, our numbers are moving in the right direction this quarter and we are at the top of the range we pre-announced last month,” said Jim Greenwell CEO of ACE*COMM. “Although the target markets we are now focusing on are still developing, the actions we took to align our business with industry dynamics in these areas are starting to pay off. The restructuring of our organization, introduction of new management and our recent new financing are all helping position ACE*COMM for possible growth next fiscal year. We are also encouraged by the growing opportunities we are seeing for sales of our new products.
“Recent indications are that a number of Tier 1 and Tier 2 market operators who will be offering new value-added services — like Parent Patrol® — to their subscribers will be deciding how best to move forward in the coming year. Some of these are already using our technology in their service offerings and we consequently expect that the number of opportunities to which we will be exposed will increase. We now have four wireless operator customers in various stages of deployment of Parent Patrol® and continue in discussions with some of the largest mobile service providers, both directly and through our channel partners, Alcatel-Lucent and VeriSign. We believe that with AT&T’s recent announcement about its launch of wireless controls, this market will now move at a more robust pace and we are prepared for the challenge.”
 
© 2007 ACE*COMM   News Release   1 of 5
        A07.JNN.0220

 


The following information was filed by Ace Comm Corp on Wednesday, September 19, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Ace Comm Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ace Comm Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account