Exhibit 99.1
ACE*COMM APPOINTS JIM GREENWELL AS PRESIDENT
Gaithersburg, MD -
November 30, 2006 - ACE*COMM Corporation (NASDAQ: ACEC), a global provider of value added services for telecom operators
and advanced operations support systems (OSS) solutions, today announced the appointment of Jim Greenwell as president.
Mr. Greenwell has over 18 years of management experience, including sales, marketing, business development, and operations
for telecommunications companies. Mr. Greenwell will report to George T. Jimenez, who remains as CEO and Chairman of the Board.
“With his industry knowledge, leadership skills and experience growing businesses profitably, Jim possesses the capabilities
to guide ACE*COMM to fully capitalize on the compelling market potential for our technology,” said Mr. George T. Jimenez, Chairman
and CEO. “As president, he will have the support of a cohesive, seasoned management team committed to achieving
the company’s financial and business goals. I have challenged this team with some very aggressive business growth and
profitability goals, and I have the utmost confidence in their ability to deliver.”
Prior to joining ACE*COMM, Jim was senior vice president at LCC International, a global leader in voice and data design, deployment
and management solutions to the wireless telecommunications industry, responsible for the Americas and Asia Pacific Division.
While there he successfully reengineered the division back to profitability by divesting certain operations, focusing on selling
profitable new business and controlling costs. Prior to heading up the Americas and Asia Pacific Division, Jim served as vice
president of sales and account management where he exceeded sales goals and was instrumental in bringing in some of the largest
deals in the company’s history. Prior to LCC, Jim was a managing director at Markowitz and McNaughton, a consulting firm where
he engineered a turn-around in profitability and sales, building the company to record revenues while decreasing turnover
and increasing profitability. Jim also served as a reengineering/change management consultant with Coopers and Lybrand and was
a sales manager for Environmental Tectonics Corporation. His career began as a military intelligence officer in the U.S. Army where
he focused on Signals Intelligence. Jim is a graduate of Western Kentucky University and holds an MBA from the Darden School of Business,
at the University of Virginia.
“ACE*COMM has a rich tradition and reputation in technology innovation and customer satisfaction,” said Mr. Greenwell. “It is my
goal to focus our team on the fundamentals that have made our company a reputable and successful global leader in providing network
based solutions to our customers. We have an opportunity to build upon a strong foundation of committed professionals throughout the
globe, a diverse and extensive customer base, an excellent brand, and an innovative product focus that will define our
company’s success for the future. It is a privilege to assume the role of President and I look forward to working
with everyone on the team to achieve our goals.”
| © 2006 ACE*COMM | News Release | 1 of 2 | ||