Small caps: Coms, Earthport, Porta Communications

Earthport, a cross-border payments company, has announced a go-live with Yandex.Money, an e-wallet service in Russia and the CIS, to offer wider international payment options to their customers, meaning the latter's e-wallet holders will be able to access to a new range of international payment services. Yandex.Money customers will be able to make a payment to bank accounts directly in all Earthport supported territories across the world.

Earthport, a cross-border payments company, has announced a go-live with Yandex.Money, an e-wallet service in Russia and the CIS, to offer wider international payment options to their customers, meaning the latter's e-wallet holders will be able to access to a new range of international payment services. Yandex.Money customers will be able to make a payment to bank accounts directly in all Earthport supported territories across the world.

Coms, which provides internet telephony services, posted a three per cent rise in gross profit to £0.91m in the year to the end of January (2011: £0.88m) despite a decline in revenue from £3.52m to £2.97m, as it was hit by lower equipment sales from distribution activities. The overall loss for the year was £0.59m, compared to £0.65m, while basic losses per share fell from 1.3p to 0.6p year-on-year (y/y). Cash levels rose from £62,510 to £94,739 y/y. The company is now planning to accelerate its move towards core VoIP (voice over internet protocol) telephony services that deliver recurring income and high margins. "Our objective remains to acquire a critical mass of customers and sustainable profitability," the firm said.

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