18th May 2007 12:04
Coms PLC18 May 2007 COMS plc Admission of new Ordinary Shares Coms plc (the "Company" or "Coms") has today issued 13,333,333 new ordinaryshares of 0.1p each ("Consideration Shares") in relation to the acquisition ofVCOMMS UK Limited, which was announced on 1 May 2007. The Consideration Shareswill rank pari passu with the existing Ordinary Shares. The Consideration Shares will represent approximately 1.5 percent of theCompany's enlarged issued share capital. Application will be made for theConsideration Shares to be admitted to trading on AIM and dealings in theConsideration Shares are expected to commence on 23 May 2007. Date: 18 May 2007 Contact: Coms plcRichard Bennett, Corporate Development OfficerTel: +44 (0)20 7148 3600 HB CorporateRod Venables, Director Corporate FinanceTel: +44 (0)20 7510 8600 Notes to Editors: About Coms plc Coms was founded by Jason Drummond in 2000 with the vision of using the Internetto carry and deliver voice telephone calls. Unlike Skype, Coms is based upon theindustry standard SIP protocol which enables the widest possible connection ofcustomers, devices and integrated Web 2.0 applications. Coms subscribers canmake high quality calls over the internet wherever a high-speed internetconnection is available including in wireless hotspots. Coms subscribers canalso select their own free telephone number. Ofcom has allocated Coms 2 millionnumbers in the top 178 UK geographic area codes by population which Comssubscribers can choose from. In addition, Coms can transfer a company's existingtelephone number to their service. Subscription is available in a range ofpackages 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 newconvergent services such as video calling, IP Centrex, location independence andonline presence. It is these new innovative features, alongside the cost savingbenefits that are likely to encourage customers away from traditional PSTNsystems and combine their broadband service and voice calling system.Coms launched its consumer service in October 2006, and recently acquiredExchangeXT, a leading provider of business VoIP services, to enable Coms toenter the SME market.Coms is an Ofcom authorised Public Electronic Communications Network (PECN) anda 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 ExchangeRelated Shares:
SMRT.L