Joint Venture

2 Jul 2007 07:00

Nasstar PLC02 July 2007 Nasstar Plc 2 July 2007 Nasstar plc and Coms plc announce a joint venture Nasstar plc ("Nasstar" or the "Company", AIM: NASA) which provides software ondemand and Coms plc ("Coms", AIM:COMS) the broadband phone service provider haveentered into a joint venture agreement to market their services. Under the termsof the agreement, Nasstar will actively market Coms' voice over IP service toits customers with the objective of generating additional revenue from itssubscribers who wish to take advantage of the benefits and cost savings a hostedphone service. Coms will market Nasstar's hosted email, BlackBerry and hosteddesktop services to its business customers who wish to benefit from on demandemail and software. Terry Martin, Coms plc Chief Executive said"Coms and Nasstar both provide hosted services so it makes sense for bothcompanies to work together so we can offer a full set of services and maximiserevenue generation. Nasstar are similar to Coms in that both companies haveinvested in creating scalable technical platforms for their services and are nowfocussed on growing subscribers and revenue. Nasstar are a market leader inhosted email and software and we're delighted to be working with them." Charles Black, Nasstar plc Chief Executive said"We have a great synergy with Coms and we can now offer our subscribers the fullset of hosted services - on demand email, software and phone. Coms has a robustplatform that meets all our requirements for best of breed business services andwe can focus marketing activity on generating additional revenue from oursubscribers by offering them a hosted phone service." ENDS Contact information Nasstar plc Charles Black, Chief Executive0870 240 1634 - Telephone W.H. Ireland Limited, Nominated Adviser to Nasstar plcNicola Rayner0121 616 2101 - Telephone Coms plc Terry Martin, Chief ExecutiveRichard Bennett, Corporate Development OfficerTel: +44 (0)7966 388 374 HB CorporateRod Venables or Jon LevinsonTel: +44 (0) 20 7538 1166 About Nasstar plc Nasstar was founded in 1998 by Charles Black with the vision of providing ondemand software as a an alternative to traditional on-premise software.Nasstar's software broadcasting service distributes business software from acentral source to end users so that businesses can access their software on asubscription basis in the same way they subscribe for cable and satellitetelevision services or mobile phone services. Software broadcasting provides aninnovative alternative to the traditional on-site local PC and perpetual licensemodel of software delivery. Hosted Desktop is Nasstar's core subscription package enabling subscribers toaccess their 'My Documents', company data and software applications includingMicrosoft Office, accounts software, other applications from anywhere, providinga subscription based 'pay monthly' service. Hosted Exchange is Nasstar's hosted email service which enables subscribers toaccess their email, calendar and contacts from anywhere including using Windowsmobile phones or BlackBerry. Nasstar is a Microsoft Gold Certified Partner, a BlackBerry Alliance Member andCisco Partner. Nasstar plc was admitted to trading on the London Stock ExchangeAlternative Investment Market in December 2005, (AIM:NASA). About Coms plc COMS was founded by Jason Drummond in 2000 with the vision of using the Internetto carry and deliver voice telephone calls. Coms.Com has developed their ownVoIP (Voice of Internet Protocol) service which is used by both individuals andbusinesses and retails VoIP enabling equipment. Unlike Skype, COMS is basedupon the industry standard SIP protocol which enables the widest possibleconnection of customers, devices and integrated Web 2.0 applications. COMS'subscribers can make high quality calls over the internet wherever a high-speedinternet connection is available including in wireless hotspots. 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. COMS launched its consumer service in October 2006, and recently acquiredExchangeXT, a leading provider of business VoIP services, to enable COMS toenter the enterprise and SMB markets. 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.L). This information is provided by RNS The company news service from the London Stock Exchange