Statement re. Suspension

RNS Number:8278A
Azman PLC
03 April 2006

                                   AZMAN PLC

                            Statement re Suspension



The Directors are pleased to announce that they have entered into a non-binding
agreement, subject to due diligence and shareholder approval, to purchase the
entire share capital of Coms Limited, a transaction which will be a reverse
takeover under the AIM Rules.



Coms Limited operates in the Voice over IP sector (VoIP) which is the enabling
technology that allows us to deliver phone calls over the Internet. It is
becoming normal for home broadband users to have 1Mb or more of bandwidth in
their home which is nearly twenty times greater than the 56Kb connection of a
normal analogue phone line. VoIP enables many calls on a broadband line (no need
to install second lines) and its inherent efficiency means costs are
significantly reduced.



Coms will also be able to deliver a diverse range of digital phone applications
to homes and business users. The Directors believe that the market trend in
telephone networks of the 21st century is about people not locations. Customers
will have access to all of Coms.com services wherever they connect to the
internet; home, office, WiFi hotspot or WiMax roaming.



The Directors believe that office and home broadband has now reached a critical
mass of users who can maximise their investment by using unique digital
applications.



For further information go to www.coms.com/about_us_



A shareholder circular and notice of EGM will be sent to shareholders in due
course.





Leo Knifton

Chairman




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

SRSSDMFAFSMSEID

Azman (LSE:AMAN)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024