ACE*COMM To Retain Nasdaq Listing Pending Further Staff Review
23 7월 2007 - 9:00PM
Business Wire
ACE*COMM Corporation (NASDAQ:ACEC), today announced that on July
16th, the NASDAQ Listing Qualifications staff notified the Company
that based on the plan and supporting materials submitted by the
Company, they had determined to grant the Company an extension,
through September 5, 2007, to regain compliance with NASDAQ listing
requirements. The Company must achieve a minimum threshold in at
least one of stockholders equity, market value or net income by
that date. The Company would still be subject to delisting if the
NASDAQ staff determines the Company does not satisfy the listing
requirements at that time, although the Company may appeal the
staff�s determination to the NASDAQ Listing Qualifications Panel.
Throughout this period of review and appeal (if any) the Company�s
securities will remain listed on the NASDAQ stock market. About
ACE*COMM ACE*COMM is a global provider of value-added services,
mobile content delivery applications 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 networks. These solutions provide revenue-generating
mobile applications and the analytical tools required to extract
knowledge from operating networks�knowledge customers use for 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 Verisign. Headquartered in the Washington, DC area,
ACE*COMM has corporate offices in Australia, Canada and the UK.
ACE*COMM is an ISO 9001 compliant company. For more information,
visit www.acecomm.com. ACE*COMM, the ACE*COMM logo, Parent Patrol
and N*VISION 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 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 Corp (MM) (NASDAQ:ACEC)
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