ACE*COMM Corporation (ACE*COMM), incorporated in 1983, is a provider of an interoperable suite of telecommunications network business integration products and services that are designed to enable telecommunications carriers and large enterprises exercise greater and more immediate control over the operations of their networks. The Company delivers enterprise telemanagement applications, and advanced convergent mediation and operations support systems (OSS) solutions to wireline and wireless voice, data, and Internet communications providers. Its solutions typically consist of hardware, software and related services that enable the capture, security, validation, correlation, augmentation, and warehousing of data from network elements and the distribution of data in appropriate formats to OSS and business support systems (BSS) operations. The Company's solutions also provide for centralized management and security of enterprise networks. ACE*COMM's products are tailored to each customer's needs, providing the capabilities to extract knowledge from their networks. The Company's suite of products and services include Advanced OSS, Convergent Mediation service delivery platform (SDP) and Network Business Intelligence. During the year ended December 31, 2004, ACE*COMM continued to add to its capabilities and product lines. In February 2004, it completed its purchase of certain OSS solutions assets of Intasys, particularly, the Intasys Billing Technologies. Subsequent to this transaction, the Company began offering Intasys' line of wireless OSS products and has integrated the Intasys technologies into its convergent mediation service delivery platform products. As of June 30, 2005, ACE*COMM is integrating newer versions of this software into its product line. On March 24, 2005, ACE*COMM acquired London-based Double Helix Solutions Limited. Double Helix Solutions Limited, operating as 2helix, is a provider of network asset assurance, revenue optimization and other network business intelligence solutions to tier 1 carriers, primarily in the European sector. The 2helix acquisition included three software tools, namely, Network Inspector, Network Visualization and Discrepancy Inspector, which were in the process of being developed into new products. Network Inspector is a data collection, enhancement and reporting tool. After completing the acquisition of 2helix, ACE*COMM began offering the 2helix revenue assurance products. Network Visualization is used for network planning and allows operators an accurate representation of the physical network in relation to existing customers, prospective customers, network infrastructure and the available spare capacity. Discrepancy Inspector is an analysis and reporting tool that allows users to identify and investigate discrepancies in data between the network, OSS and upstream business systems. The Company has also commenced integrating the 2helix technologies into its convergent mediation service delivery platform. In April 2005, the Company was selected to provide its NetPlus telecommunications management system (TMS) under a United States Air Force contract for a global TMS deployment program as a subcontractor to Northrup Grumman. Under the Air Force plan, the program will encompass more than 100 installations. This includes initial deployments scheduled over an 18-month timeframe, follow-on contracts for life cycle support and maintenance, further opportunities for ongoing upgrades and improvements, and additional sales opportunities for future versions of NetPlus. Other customers of ACE*COMM include Bangladesh Telegraph & Telephone Board, Vivodi, Telecom Malaysia, Saudi Aramco, a Tennessee-based public power utility, a United States Army base, and a United States airport. The Company also engaged in asset recovery and revenue assurance pilot projects with Telewest Communications and Cyprus Telecommunications A in Europe to ascertain new project potential, and expanded its business relationships with Level 3 Communications, Telecom Egypt, and Videsh Sanchar Nigam Limited i