Coms announces substantial contract wins

RNS Number : 8031D

Coms PLC

02 April 2014

 



2 April 2014

Coms plc

("Coms" or the "Company")

Coms moves confidently into Q2 with substantial contract wins

Coms plc (AIM: COMS) is delighted to confirm a number of contract wins to start Q2. All contract awards will contribute to 2014's revenue targets and further underlines the confidence clients and industry has in the Coms service offering. The latest, most significant wins consist of:

·     Redstone has been awarded a number of new contracts ensuring £1.5m of revenue, including:

o  £1.4m of projects installing structured cabling to a number of leading investment banks and NHS Trusts;

o  £100,000 of maintenance assignments for leading providers of business services to global industry

·     Following a recent concerted marketing campaign, Coms Wholesale has secured hosted telephony traffic contracts from two resellers totalling £260,000 per annum.

·     The former CloudXL business - now branded as Coms - has secured the retention of a preeminent London authority to provide IT support and professional services. With a contract value of £94,000, this public sector offering is a reflection of the growth of the business.

·     Contracts worth £65,000 have been secured with three leading blue-chip organisations to provide integrated telephony. The scope for each client is wide ranging but will provide a best-in-class solution for their voice communication needs.

·     Coms Media are continuing their work with highly recognisable brands. They have secured a contract worth £30,000 with a leading drinks manufacturer. This work involves the production of highly creative computer generated imagery and graphics.

Dave Breith, CEO for Coms plc commented: "These contracts total almost £2,000,000 and are very impressive. The Coms businesses are continuing to deliver contract wins and work on substantial opportunities that will propel our group even further. We are not complacent - these awards give us confidence and will assist the achievement of targets I've set for the year ahead."

For further information, please contact:

Coms plc                                                              [phone]

David Breith (CEO)

Iain Ross (Chairman)

Charles Stanley Securities                           [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori/Philip Davies

Notes to Editors

About Coms

Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com.

 

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