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Coms plc (LSE:COMS.L), Regulatory News (RNS)



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).

 
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