Trading Statement

Coms PLC
19 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 the
business. 

As at the year end of 31 January 2008, the Company had generated an un-audited
revenue of £1.38M, which was inline with management's expectations. This
represents a growth of 75% from H1 to H2 and revenue for the final month of the
period was £0.17M. Current trading in February is inline with the previous
month. 

The Company continues to focus on business customers that generate an average
initial 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 largest
seller of Vegastream VoIP to PSTN gateways in the UK, by signing authorised
distribution agreements with a number of leading manufacturers including Polycom
with its range of award winning VoIP handsets.


In February 2008 the Company moved it's London head quarters to larger offices
in the City, to accommodate the expanding sales and business development teams.

"We have successfully integrated our recent acquisitions and are delivering a
carrier grade service with a proven business model. Our objective for 2008 is to
continue to scale up the Company and accelerate further the growth of our
business" said Jason Drummond, Executive Chairman.
 

For further information contact:

 Coms plc
Richard Bennett, Corporate Development Officer
Tel: [phone]

HB Corporate
Rod Venables/Rachel Kane/Rory Creedon
Tel: [phone]

Square1 Consulting Limited
Mark Longson
Tel: [phone]

 

 

Notes to Editors:

 

About Coms plc

 

Coms was founded by Jason Drummond in 2000 with the vision of using the Internet
to carry and deliver voice telephone calls. Voice over IP (VoIP) is changing the
way consumers and businesses make and receive their telephone calls. Coms offers
a low-cost VoIP service that can be combined with services provided by broadband
Internet suppliers to make and receive telephone calls. Coms subscribers can
make high quality calls over the Internet wherever a high-speed Internet
connection is available, including in wireless hotspot as they are allocated
their own location free unique user telephone number. Subscription is available
in a range of packages. See www.coms.com for more information.

 

Coms is an Ofcom authorised Public Electronic Communications Network (PECN) and
a member of the Internet Telephony Service Providers Association (ITSPA).

 

Coms is listed on the London Stock Exchange AIM market (LSE:COMS)

 



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