SMRT.L Regulatory News (SMRT)

19 Feb 2008 08:57

Coms PLC19 February 2008 Coms plc ("COMS" or "the Company") Trading Update Following the termination of potential offer talks with Sim4Travel (Holdings)plc, the Company would like to update shareholders on the current status of thebusiness. As at the year end of 31 January 2008, the Company had generated an un-auditedrevenue of £1.38M, which was inline with management's expectations. Thisrepresents a growth of 75% from H1 to H2 and revenue for the final month of theperiod was £0.17M. Current trading in February is inline with the previousmonth. The Company continues to focus on business customers that generate an averageinitial set-up fee of £70 per user and a recurring Average Revenue Per User(ARPU) of £16 per month. The Company's distribution business has built on its position as the largestseller of Vegastream VoIP to PSTN gateways in the UK, by signing authoriseddistribution agreements with a number of leading manufacturers including Polycomwith its range of award winning VoIP handsets. In February 2008 the Company moved it's London head quarters to larger officesin the City, to accommodate the expanding sales and business development teams. "We have successfully integrated our recent acquisitions and are delivering acarrier grade service with a proven business model. Our objective for 2008 is tocontinue to scale up the Company and accelerate further the growth of ourbusiness" said Jason Drummond, Executive Chairman. For further information contact: Coms plcRichard Bennett, Corporate Development OfficerTel: +44 (0)20 7148 3600 HB CorporateRod Venables/Rachel Kane/Rory CreedonTel: +44 (0)20 7510 8600 Square1 Consulting LimitedMark LongsonTel: +44 (0)20 7929 5599 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. Voice over IP (VoIP) is changing theway consumers and businesses make and receive their telephone calls. Coms offersa low-cost VoIP service that can be combined with services provided by broadbandInternet suppliers to make and receive telephone calls. Coms subscribers canmake high quality calls over the Internet wherever a high-speed Internetconnection is available, including in wireless hotspot as they are allocatedtheir own location free unique user telephone number. Subscription is availablein a range of packages. See www.coms.com for more information. Coms is an Ofcom authorised Public Electronic Communications Network (PECN) anda member of the Internet Telephony Service Providers Association (ITSPA). Coms is listed on the London Stock Exchange AIM market (LSE:COMS) This information is provided by RNS The company news service from the London Stock Exchange