Coms PLC
18 July 2007
COMS plc
Statement in relation to Share Price movement
COMS plc (the "Company" or "Coms") has today noted a significant fall in its
share price from its closing price yesterday of 0.575 p per share.
The Board knows of no reason for the mark down in the share price.
The Company will be issuing its preliminary results for the period ended 31
January 2007 later this month and the Chairman's Statement will contain positive
commentary on the Company's current trading and prospects.
Jason Drummond, Chairman of Coms, adds:
"Coms has made a number of strategic acquisitions this year which have been
successfully integrated into the Group and the Board is very confident as to the
outcome for the current year"
Date: 18 July 2007
Contact:
COMS plc
Richard Bennett, Corporate Development Officer
Tel: +44 (0)20 7148 3600
HB Corporate
Rod Venables, Director Corporate Finance
Tel: +44 (0) 207 510 8600
Notes to Editors:
About Coms plc
Coms was founded by Jason Drummond in 2000 with the vision of using the Internet
to carry and deliver voice telephone calls. Unlike Skype, Coms is based upon the
industry standard SIP protocol which enables the widest possible connection of
customers, devices and integrated Web 2.0 applications. Coms subscribers can
make high quality calls over the internet wherever a high-speed internet
connection is available including in wireless hotspots. Coms subscribers can
also select their own free telephone number. Ofcom has allocated Coms 2 million
numbers in the top 178 UK geographic area codes by population which Coms
subscribers can choose from. In addition, Coms can transfer a company's existing
telephone number to their service. Subscription is available in a range of
packages from the Company's website www.coms.com.
As well as the obvious cost saving implications for businesses and consumers,
the expanding market will enable Coms to develop and offer innovative new
convergent services such as video calling, IP Centrex, location independence and
online presence. It is these new innovative features, alongside the cost saving
benefits that are likely to encourage customers away from traditional PSTN
systems and combine their broadband service and voice calling system.
Coms launched its consumer service in October 2006, and recently acquired
ExchangeXT, a leading provider of business VoIP services, to enable Coms to
enter the SME market.
Coms is an Ofcom authorised Public Electronic Communications Network (PECN) and
a member of the Internet Telephony Service Providers Association (ITSPA).
Coms plc joined the AIM market of the London Stock Exchange on 6 September 2006
(AIM:COMS).
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.