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

Trading Update

Following the update provided in our Interim Statement where we reported that our three principle internet telephony revenue lines (consumer, business and distribution) are all growing, the Board would like to highlight the successful integration of VComm (UK) Limited (“VComm”) which has contributed to an enhanced trading performance for the Group as a whole such that internet telephony minutes have gone up by over 80 % in the last quarter and the Group's revenues are ahead of the management's forecast for the current quarter.
 
“The resources of Coms and expertise of the management team is giving confidence to internet telephony (VoIP) product manufacturers to distribute their products through this specialist Vcomm channel” said Jason Drummond, Executive Chairman. He continued ”the sale of and distribution of handsets drives our core internet telecoms business and provides Coms with the opportunity to sell connections to our internet telephony (VoIP) service which in turn builds a recurring revenue stream”.
 
 
Contact

Coms plc Richard Bennett		+44 (0)20 7148 3148
HB Corporate Rod Venables		+44 (0)20 7538 1166
Square1 Consulting Ltd Mark Longson		+44 (0)20 7929 5599

 
 
About Coms
Coms was founded by Jason Drummond in 2000 with the vision of using the Internet to carry and deliver voice telephone calls. Voice over IP (VoIP) is changing the way consumers and businesses make and receive their telephone calls. Coms offers a low-cost VoIP service that can be combined with services provided by broadband Internet suppliers to make and receive telephone calls. Coms subscribers can make high quality calls over the Internet wherever a high-speed Internet connection is available, including in wireless hotspot as they are allocated their own location free unique user telephone number. Subscription is available in a range of packages. See www.coms.com for more information.
 
Coms is an Ofcom authorised Public Electronic Communications Network (PECN) and a member of the Internet Telephony Service Providers Association (ITSPA).
 
Coms is listed on the London Stock Exchange AIM market (LSE:COMS)