Topped the share charts on Friday following a lucrative contract announcement and is rumoured to have several more contracts in the pipeline.

Website www.coms.com

Double acquisition of network assets

Coms plc. (AIM: COMS), is pleased to announce it has acquired two sets of telecoms and IT hardware used in providing data networks. The Company has acquired one set of assets from the Company's CEO, Dave Breith for a price of £200,000. In addition it has acquired another set of assets from TFM Networks Limited for a consideration of £480,000 Both acquisitions are payable in Coms ordinary shares of 0.1p each ("Ordinary Shares") at a price of 2.7 pence per share for the TFM assets and 3 pence for the Dave Breith assets. For a period of three months, all parties have agreed not to sell any shares without the permission of the Coms plc board.


Related Party transaction

Coms plc. (AIM: COMS), is pleased to announce it has acquired the entire issued share capital Premium O Limited (Premium O) for a consideration of £1,800,000 payable entirely in Coms ordinary shares of 0.1p ("Ordinary Shares") at a price of 3 pence per share. The consideration will comprise an initial consideration of 80%, with 20% deferred until Premium O has generated for Coms an additional gross margin of a least £55,000 per month for at least three months. Once this condition has been satisfied, the issue of the shares is at the option of the individual Premium O shareholders

Iain Ross (Coms independent non-executive director) states "The purchase of these 2 networks and combining them gives Coms plc an additional and powerful business advantage. By being able to provide data and broadband in-house gives us the control we need for our core hosted and cloud based services and well as massive upsell opportunities to our growing customer base. This will also help the roll out for our recent large contract win and add additional profitability to the business"

Acquisition and Related Party - Replacement

This announcement replaces RNS 8246G released on the 12 June 2013 at 07:05. The number of shares to be issued to Suzannah Doyle has been corrected to 240,000 and 60,000 and the number of shares to David Breith has been corrected to 35,700,000. In all other respects, the announcement is unchanged.

Thanks skinny, I noticed you posted that on another bulletin board which has two COMS threads - one thread is like a zoo and the other, with David Breith's name in the header, is moderated and is reasonably civilised. Just in case you weren't aware!

Noted!

just another share being ramped big time!

I sometimes wonder why you bother halifax, are you just a natural Victor Meldrew?:-)

doo doo no we remember swindells (cant spell)!

LOL - swindles perhaps? I think swindells is a pub in Glasgow!

COMS PLC STRENGTHENS ITS BOARD WITH NEW APPOINTMENTS

DB clearly knows who he wants on his team and is formulating it skilfully. The old guard are slowly but surely moving on Drummond, Bennett and now Branson.

Foster is a top notch appointment, his experience and contacts will be instrumental in helping to gain many new contracts.

Wheeldon already owns almost 2.8m Coms shares and his company ADSL 24 hold almost 42m Coms shares so it is good to have him on board as well.

The Warrants price of 5p is very significant. See the RNS on 22nd April when the Coms SP was 0.75p. On that occasion Simple Investments were issued 3m warrants at 2p. 4 days later the SP was over 2p. Food for thought.......

By the way who is this halifax dude, he is clearly clueless about Coms.

Good to see positive newsflow coming out on a regular basis.

Contract Win Update

Coms is pleased to provide an update on the major contract announced on 26 April 2013. At the time, the Company was unable to identify its client but is now pleased to announce that this major contract was awarded by MITIE Property Services Limited ("MITIE").

Looking good!
News coming thick and fast now. Should see some good press coverage over the weekend ...onwards and upwards!

9.15am TODAY - COMS Media Presentation is our via BRR - I don't know if it is viewable on the site but you can view it on the Media icon on LSE. http://www.lse.co.uk/share-media.asp?shareprice=COMS&share=coms

Just over a month ago I emailed DB to ask he could communicate with us in this way and he has obliged. This is a must watch and will shape the way in which COMS speaks to us in the future.

Key points from DB's Media Presentation.

DB will ensure that last years poor results (under the old regime) never happen again.

Prior to DB's arrival the company lacked any real strategy of how to sell their product or or who to sell it to. They now have a direct sales strategy.

There is no need for any further cash as last month's placing has put COMS in a very good financial position.

The company is very acquisitive with 5 recent acquisitions, if they do raise any further money in the future it will only be for acquisitions.

Key message - There is a new boy in town, I'm very very different. It's changing around, I've demonstrated that and there is more to come.

Listen to David Breith, CEO, Coms plc - Final Results and Company Update

CLICK HERE

Thank you both for that, it all sounds very positive.

Coms unveils MITIE as £15mln client for social housing job
By Jamie Nimmo June 14 2013, 7:58am Coms will provide broadband to social housing estates

Internet telephony specialist Coms (LON:COMS), which at the end of April said it had sealed a £15mln contract, has revealed the then unnamed client to be MITIE Property Services.

The FTSE 250 group’s property services arm, whose clients range from local authorities to housing associations, is using Coms’ technology to provide tenants with low cost, sustainable broadband as part of an initiative to include social housing estates in the digital revolution and energy monitoring.

The contract is worth £15mln over 24 months to Coms.

Coms chief executive Dave Breith said: “We are delighted to be working with MITIE and taking part in this exciting Digital Inclusion Project and helping to provide Broadband services to many households across the country.”

Since the initial announcement, Coms has started installing lines.

www.proactiveinvestors.co.uk

14 Jun 2013 01:55 PM

Coms aiming high with takeover plans


Firm is seeking to buy small companies after its workforce doubled during the first few months of 2013. Kate O'Flaherty talks to Paul Sweetland

Coms is on the acquisition trail after buying two businesses this year and more than doubling its workforce.

The company’s growth is spearheaded by former O-bit Telecom chief Dave Breith, who was drafted in January to revive the firm. Also key to Coms’ success is corporate development director Paul Sweetland, who joined in May 2012 after four years as MD of Obsidian Telecoms.

Coms has developed its product portfolio from a hosted switch to all things comms, including broadband and data networks. The company has grown from 17 people to 40 staff this year, with more to be recruited in the coming months.

Coms has three ‘pillars’ of the business in which it is targeting growth - acquisition, direct sales, and indirect sales. It has already built a well-defined acquisition strategy. ‘We are acquisitive and have a solid plan,’ Sweetland says.

As part of its ambitious growth plans, Coms is on the hunt to acquire a few small firms to increase its own size. ‘This will incrementally grow the size of Coms and we will then target larger organisations,’ Sweetland says.

The firm’s direct sales strategy is to target existing customers large and small with new products. Meanwhile, Coms is targeting resellers in a bid to grow in the indirect channel (see box).

But the ‘jewel’ of the company is the hosted platform, ‘which is carrier class and comparable to something like BroadSoft’, according to Sweetland. The telephony platform, called Porta One, is the tool ‘that helps us to scale indefinitely’, Sweetland adds. The firm’s plug and play, scalable VoIP solution now has between 8,000 and 9,000 users.

It works alongside a CRM interface portal called Ask Merlin. ‘They are fully integrated and both are fully scalable,’ says Sweetland. ‘The CRM platform is built specifically for telecoms and everything can be added and automated.

‘The market is consolidated now; SMEs want a telecoms provider,’ he adds. ‘We have the core platform; we call it “integrated mobile”.’

It was Coms’ acquisition of Sweetland’s former company Obsidian Telecoms’ customer base that kicked off a transformation programme that saw changes in the board and a host of new acquisitions.

Breith was introduced into the business as CEO in January, when he began to create a plan to grow the business through acquisitions. ‘The company was listed on the stock market and had no debt so it was really straightforward for us to buy other businesses,’ says Sweetland. ‘All that was done in January [2013] and it’s ongoing,’ he says, adding: ‘The volume of shares traded since Dave got in is monumentally different; that says a lot.’

In March this year, the firm bought the database and customers of World Telecom for £50,000 payable in shares. Then in May, it bought the customers and other assets of ADSL24, including almost 4,000 broadband customers - as well as its cloud based mail and hosting - for £800,000.

The firm is also involved in the Government’s G-Cloud and is accredited on G-Cloud 3 for hosted lines and Polycom.

Coms is currently working on a Government initiative to get social housing tenants onto the internet - under the “digital inclusion” programme.

Sweetland says: ‘Over time we’ll be doing more of that type of business;
we have ambitious plans.’


Coms targets resellers with Parnter Programme

Coms is utilising its Partner Programme to acquire suitable resellers and grow its presence in the indirect channel.

‘From a channel point of view it’s a land grab of as many resellers as possible with the Partner Programme,’ Sweetland says.

As the firm is streamlined, Sweetland said it is simple to join the programme, with less hoops to jump through than its rivals.

Coms’ acquisition programme makes it easy for the company to acquire customer bases, he says. ‘By default, the partner programme is also a great opportunity for us to buy resellers.’

He adds: ‘Coms are unique in that there aren’t many companies around like us – we are genuinely looking to grow via partners and acquisitions and we want partners to capitalise from our base. We make it easy for people to do business with us.’

As part of its growth drive, the company is recruiting for both the indirect and direct sales teams. Tim Loveday, head of indirect sales, and Gary Day, head of direct sales – who was previously sales director at Obsidian – are both in the process of building teams.Coms will launch a wholesale offering to the reseller channel later this year.

- See more at: http://www.mobiletoday.co.uk/Feature/25647/Coms_aiming_high_with_takeover_plans.aspx#sthash.MAP0Eq3e.dpuf