Kanth helped me track down the issue (told me what to do, and I did it) . It appears the solution is to remove the "lobby.cfg" from your AcesHigh III settings directory. Mine is located under the directory path below but your's maybe different depending on how it was installed
"C:\Program Files\Oculus\Software\Software\hitech-creations-aces-high\Hitech Creations\Aces High III\settings"
