Sales update and contract wins

RNS Number : 9422A

Coms PLC

27 March 2013

 



27 March 2013

Coms plc

("Coms", the "Company" or the "Group")

Sales Update & Contract Wins

Coms plc. (AIM: COMS), announces further progress in developing its order book as follows:

·    The Retail Sales Division has won three new contracts with two NHS Trusts based in the North and a Police Constabulary based in the South East. These contracts are expected to generate initial revenues of approximately £30k and it underlines the importance of the Coms platform in these sectors.

·    The new In-Direct Sales Division, under the leadership of newly appointed Sales Director Tim Loveday, has been fully staffed and will be operational from 2 April 2013.

·    The Company confirms the successful completion of a £67k contract with an Iranian television talent show where the Coms platform was taking more than 250 simultaneous calls at its peak voting times.

Dave Breith (Coms CEO) states, "Gary Day (Retail Sales Director) is continuing to win important new business for the Company and I am confident that Tim Loveday's newly formed in-direct sales team will be able to follow-up and expand upon the £1m of potential leads he has generated In his first month with the Company. This combined with the additional £97k of additional business highlighted above is indicative of the significant changes that continue to happen in the company"

Contact at PLC:

Coms plc

David Breith (CEO)                                                                                          [phone]

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson / Jen Clarke                                                                        [phone]

XCAP Securities plc (Broker)

Jon Belliss                                                                                                           [phone]

Newgate Threadneedle (PR)

Graham Herring                                                                                                [phone]

 

END

 

 

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