Contract Wins

RNS Number : 9753X

Coms PLC

20 January 2014

 



20 January 2014

Coms plc
("Coms" or the "Company")

Coms plc announces further business infrastructure contract wins

Coms plc (AIM: COMS) is pleased to announce significant further contract wins in its Redstone business. These contract wins are in addition to the announcement of contracts on 6^th January 2014 and add to our confidence for the next financial year.  In summary the contracts awarded consist of:

·     Infrastructure project with a leading outsourcing provider at their data centre. This contract is worth £450,000 and is the first phase of 4

·     Business infrastructure and cabling project for major investment, multinational bank worth £365,000

·     Consultancy and implementation project worth £320,000 with a pre-eminent networking organisation

·     Cabling and infrastructure services to a growing international financial institution worth £150,000. This is the first of a number of planned installations

·     Contract to supply highly regarded, well established vendor with data centre implementation and organisation worth initially £150,000

Additionally, the tenders and opportunities we are currently invited to participate in or completing are considerable, and if we are successful will contribute considerably to the revenue potential of the Company. This strategic outlook is very encouraging.

Dave Breith, CEO of Coms, commented: "These contracts firmly demonstrate the value of our approach, focus and dedication. Customers are turning to Coms businesses because of our innovation and expertise. The articulation of competitive quotes in the current, improving financial climate is also a huge factor"

For further information, please contact:

Coms plc

David Breith (CEO)                                                                        [phone]

Iain Ross (Chairman)          

Charles Stanley Securities                                                         [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies                                                                       

SI Capital Limited                                                                           [phone]

(Joint Broker)

Andy Thacker / Nick Emerson                      

Newgate Threadneedle                                                              [phone]

(PR)

Robyn McConnachie

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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