ACE*COMM Announces Preliminary Second Quarter Fiscal 2007 Results
January 24 2007 - 4:41PM
Business Wire
ACE*COMM Corporation (NASDAQ:ACEC), a global provider of service
delivery solutions and advanced operations support systems (OSS)
for wireline and wireless telecommunications operators, today
announced that, based on a preliminary review of results for the
second quarter ended December 31, 2006, it expects to report
revenue of approximately $3.1 million and a net loss of
approximately $2.5 million. Final results for the quarter will be
announced on Tuesday, February 6, 2007. Chairman and Chief
Executive Officer George Jimenez commented: �We continue to
experience delays by several significant customers in the award and
implementation of certain large, complex projects employing our
core products, as described in our first quarter 2007 earnings
announcement. In addition, development of new opportunities for our
traditional products has slowed in the face of industry
consolidation and intensifying competition. �In contrast, we
continue to be encouraged by the expanding opportunities to provide
value-added services to wireless operators, an area in which
ACE*COMM has positioned itself for growth with our Patrol Suite of
products. Since our first Tier 1 customer went live in Atlantic
Canada last November, with a subscriber service powered by our
award-winning and patent-pending Parent Patrol� solution, we have
generated favorable interest from several Tier 1 wireless carriers.
Last quarter, a U.S. wireless carrier with more than one million
subscribers also selected our Parent Patrol� solution. In recent
months, we have additionally announced channel agreements with
Alcatel-Lucent and VeriSign to offer Patrol Suite services to more
than 200 major carriers using their combined hosted services
environments. �Our goal is to firmly establish ACE*COMM as a major
player in the wireless value-added services sector within the next
12 months. This strategic initiative builds on our industry
expertise, service quality, unique product innovation, and customer
and channel relationships. In the process, we aim to diversify our
customer base, and improve ACE*COMM�s revenue visibility and
stability by providing more products and services under a recurring
revenue business model. We will discuss how we plan to achieve
these goals the during February 6, 2007 earnings conference.� About
ACE*COMM ACE*COMM is a global provider of value added services,
network business intelligence and advanced operations support
systems (OSS) solutions for telecommunications 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
capabilities. 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 4,000 installations in 70 countries
worldwide. ACE*COMM-installed products are currently enabling the
success of customers and partners such as Alcatel-Lucent, AT&T,
Cisco, General Dynamics, IBM, Level 3 Communications, Marconi,
Motorola, Northrop Grumman, Siemens, and Unisys. Headquartered in
the Washington, D.C. area, ACE*COMM has corporate offices in
Australia, Canada, China, and the U.K. 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 and Parent
Patrol are 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.
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