SMRT.L Regulatory News (SMRT)

3 Apr 2006 07:02

Azman PLC03 April 2006 AZMAN PLC Statement re Suspension The Directors are pleased to announce that they have entered into a non-bindingagreement, subject to due diligence and shareholder approval, to purchase theentire share capital of Coms Limited, a transaction which will be a reversetakeover under the AIM Rules. Coms Limited operates in the Voice over IP sector (VoIP) which is the enablingtechnology that allows us to deliver phone calls over the Internet. It isbecoming normal for home broadband users to have 1Mb or more of bandwidth intheir home which is nearly twenty times greater than the 56Kb connection of anormal analogue phone line. VoIP enables many calls on a broadband line (no needto install second lines) and its inherent efficiency means costs aresignificantly reduced. Coms will also be able to deliver a diverse range of digital phone applicationsto homes and business users. The Directors believe that the market trend intelephone networks of the 21st century is about people not locations. Customerswill have access to all of Coms.com services wherever they connect to theinternet; home, office, WiFi hotspot or WiMax roaming. The Directors believe that office and home broadband has now reached a criticalmass of users who can maximise their investment by using unique digitalapplications. For further information go to www.coms.com/about_us_ A shareholder circular and notice of EGM will be sent to shareholders in duecourse. Leo Knifton Chairman This information is provided by RNS The company news service from the London Stock Exchange