Azman PLC
03 April 2006
AZMAN PLC
Statement re Suspension
The Directors are pleased to announce that they have entered into a non-binding
agreement, subject to due diligence and shareholder approval, to purchase the
entire share capital of Coms Limited, a transaction which will be a reverse
takeover under the AIM Rules.
Coms Limited operates in the Voice over IP sector (VoIP) which is the enabling
technology that allows us to deliver phone calls over the Internet. It is
becoming normal for home broadband users to have 1Mb or more of bandwidth in
their home which is nearly twenty times greater than the 56Kb connection of a
normal analogue phone line. VoIP enables many calls on a broadband line (no need
to install second lines) and its inherent efficiency means costs are
significantly reduced.
Coms will also be able to deliver a diverse range of digital phone applications
to homes and business users. The Directors believe that the market trend in
telephone networks of the 21st century is about people not locations. Customers
will have access to all of Coms.com services wherever they connect to the
internet; home, office, WiFi hotspot or WiMax roaming.
The Directors believe that office and home broadband has now reached a critical
mass of users who can maximise their investment by using unique digital
applications.
For further information go to www.coms.com/about_us_
A shareholder circular and notice of EGM will be sent to shareholders in due
course.
Leo Knifton
Chairman
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.