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EXHIBIT 99.5

                        ACE MARKETING & PROMOTIONS, INC.
                               457 ROCKAWAY AVENUE
                             VALLEY STREAM, NY 11581
                                 (516) 256-7766

ACE REPORTS ON ITS OPERATIONS WHICH INCLUDES A 19% INCREASE IN REVENUE IN ITS
FIRST QUARTER

VALLEY STREAM, NY - (Business Wire) - May 15, 2007


Ace Marketing & Promotions, Inc. (OTC BB: AMKT) announced today the results for
its first quarter ended March 31, 2007.

                             Three Months Ended
                                 March 31,
                          2007             2006
                          ----             ----

Revenue (A)            1,282,880        1,075,007

Gross Profit (B)         417,355          299.834

Operating
Expenses (C)             554,523          416,173

Net (Loss) (D)          (137,168)        (116,339)

Net (Loss)
Income per
Common Share
Basic and                   (.02)            (.01)
Diluted                     (.02)            (.01)

Weighted
Shares                 8,028,363        6,253,954
Outstanding

__________
(A)    The increases in revenues in 2007 were primarily due to Ace utilizing
       additional sales representatives to obtain additional customers and Ace's
       new and existing customers buying products with higher average prices.

(B)    Gross profits will vary period-to-period depending upon a number of
       factors including the mix of items sold, pricing of the items and the
       volume of product sold.

(C)    The overall increase in operating expenses in 2007 of $138,350 over the
       comparable period of the prior year was primarily due to a $63,000
       increase in salaries, commissions and other compensation paid to our
       employees to sustain our growth, a one time cash fee for public
       awareness/investor relations of approximately $45,000 and a $12,000
       increase in stock based compensation.

(D)    The first quarter net loss for 2007 includes stock based payments
       (non-cash) of $25,583 as compared to $13,880 for the comparable period of
       2006. It also includes a one time cash fee for public awareness/investor
       relations of approximately $45,000.



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INTRODUCING ACE

Ace is a full service advertising specialties and promotional products company
that distributes items typically with logos to large corporations, schools and
universities, financial institutions and not-for-profit organizations. Specific
categories of promotional products include advertising specialties, business
gifts, incentives and awards, and premiums.

For additional information, a copy of Ace's Form 10-QSB can be obtained on the
Internet by going to www.acemarketing.net, clicking on links and then clicking
on SEC Filings.


Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995.


Certain statements in this press release constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the company to be materially different from any future results, performances or
achievements express or implied by such forward-looking statements. The
forward-looking statements are subject to risks and uncertainties including,
without limitation, changes in levels of competition, possible loss of
customers, and the company's ability to attract and retain key personnel.


__________________
CONTACT:
  Ace - Valley Stream, NY.
  Michael Trepeta, President - 516-256-7766