ACE*COMM Receives Nasdaq Listing Non-Compliance Notification
August 15 2007 - 4:30PM
Business Wire
ACE*COMM Corporation (NASDAQ: ACEC), today reported that Nasdaq has
notified the Company it is not in compliance with a continuous
listing requirement for inclusion on the Nasdaq Capital Market
because, pursuant to Nasdaq Marketplace Rule 4310(c)(4), the
Company�s price per share for its common stock closed below the
minimum $1.00 per share requirement for 30 consecutive business
days. Pursuant to Marketplace Rule 4310(c)(8)(D), the Company will
be provided 180 calendar days to regain compliance with Nasdaq�s
minimum bid price requirement. To do so, the bid price of the
Company�s common stock must close at $1.00 or more per share for a
minimum of 10 consecutive business days any time before February 6,
2008. If ACE*COMM does not achieve this requirement by February 6,
2008, Nasdaq Staff will determine whether the Company meets the
Nasdaq Capital Market initial listing criteria as set forth in
Marketplace Rule 4310(c), except for the bid price requirement. If
so, Staff will notify the Company that it has been granted an
additional 180-day calendar compliance period. If the Company is
not eligible for an additional compliance period, Staff will
provide written notification that the Company�s securities will be
delisted. The Company may appeal the Staff�s determination at that
time. About ACE*COMM ACE*COMM is a global provider of advanced
operations support and service delivery solutions (OSS) for
telecommunications service providers and enterprises. ACE*COMM�s
advanced OSS solutions are applicable to a range of legacy through
next-generation networks that include wired, wireless, voice, data,
multimedia and Internet communications networks. Network operators
use them for revenue management, cost reduction, improved
operational efficiency, acceleration of time-to-market for new
services, and more effective customer care. ACE*COMM�s service
delivery solutions provide mobile service providers with
award-winning, in-demand consumer-oriented services to help them
achieve and sustain market share, generate new revenue and position
themselves as market innovators. For more than 20 years, ACE*COMM
technology has been effectively deployed for more than 300
customers, spanning more than 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, Motorola, Northrop Grumman, Siemens,
and Verisign. Headquartered in Gaithersburg, MD, ACE*COMM has
corporate offices in Australia, Canada, and the UK. ACE*COMM is an
ISO 9001 quality standard compliant company. For more information,
visit www.acecomm.com.
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