TIDMVYKE 
 
RNS Number : 3874W 
Vyke Communications PLC 
18 November 2010 
 

                                                                18 November 2010 
 
                            Vyke Communications plc 
                            ("Vyke" or the "Company") 
 
                     Discretionary working capital facility 
 
Vyke Communications plc (AIM: VYKE), the mobile Voice over Internet Protocol 
provider, announces that following the successful conclusion of discussions with 
BLS Telecom LLC ("BLS") as announced on 30 September 2010, it has entered into a 
discretionary working capital facility with BLS (the "Working Capital 
Facility"). 
 
The terms of the Working Capital Facility enable Vyke to drawdown up to US$ 
500,000 in tranches, subject to BLS's discretion. Interest will accrue on any 
sums advanced to Vyke under the Working Capital Facility at the rate of 8% per 
annum and will be payable on the date the repayment of the Working Capital 
Facility in full. Subject to earlier repayment as a result of certain specified 
events of default, including if Mohammad Asif (or another director appointed by 
Bonjour Europe Limited ("Bonjour") under the joint venture agreement entered 
into between Bonjour and Vyke on 11 July 2010 (the "Joint Venture Agreement")) 
ceases to be the CEO of Vyke or the Joint Venture is terminated, the Working 
Capital Facility is repayable on 17 February 2011. 
 
Given BLS's relationship with the Company, the Working Capital Facility is 
considered to be a related party transaction pursuant to Rule 13 of the AIM 
Rules for Companies. The Company's directors (with the exception of Leonard 
Carone, Sumeet Bhatt and Bob Passantino who are each senior managers of BLS), 
having consulted with the Company's nominated adviser, Allenby Capital Limited, 
consider that the terms of the transaction are fair and reasonable insofar as 
the Company's shareholders are concerned. 
 
Mohammad Asif, Chief Executive of Vyke, said: "We are delighted that the Board 
of BLS continues to show its commitment to Vyke further demonstrating its belief 
that Vyke has an attractive platform through which BLS intends to direct 
telecoms traffic. We have now concluded extensive and successful testing of 
these services.  Bonjour (through BLS and its affiliates) is determined to 
deliver on its obligations under the joint venture agreement and Vyke looks 
forward to being in a position to provide further updates to the market at the 
appropriate time." 
 
                                  ----ends---- 
 
 
        - For further information please contact: Vyke Communications plc 
 
+----------------------------+-------------------------------+ 
| Vyke Communications        |                               | 
| Mohammad Asif, Chief       |              +44 20 3137 1560 | 
| Executive                  |                               | 
|                            |                               | 
+----------------------------+-------------------------------+ 
|                            |                               | 
+----------------------------+-------------------------------+ 
| Allenby Capital Limited    |              +44 20 3328 5656 | 
+----------------------------+-------------------------------+ 
| Nominated Adviser          |                               | 
| Brian Stockbridge / Alex   |                               | 
| Price                      |                               | 
+----------------------------+-------------------------------+ 
|                            |                               | 
+----------------------------+-------------------------------+ 
|                            |                               | 
+----------------------------+-------------------------------+ 
| Threadneedle               |             +44 20 7653 9850  | 
| Communications             |                               | 
+----------------------------+-------------------------------+ 
| Graham Herring / Terry Garrett                             | 
+----------------------------+-------------------------------+ 
 
 
 About VYKE 
 
Vyke Communications plc is a mobile Voice over Internet Protocol ("VoIP") 
provider and is headquartered in the UK.. The strategic goal of Vyke is to 
combine its expertise in VoIP-based communication systems, mobile data service 
creation/handset technology and wholesale carrier network management to provide 
a converged communication solution. Vyke's current set of mobile-oriented 
products offers up to a 98% discount compared to current typical mobile operator 
pricing structures. 
 
About VYKE MOBILE IP 
 
Vyke Mobile IP is the leading mobile-oriented Voice over IP (VoIP) service 
offering users up to 98% discount compared to typical mobile operator pricing 
structures. One of the first mass market mobile VoIP services, launched in April 
of 2006, Vyke Mobile IP features mobile oriented sign-up steps, automatic 
configuration services and pricing. 
 
About the VYKE product suite 
 
The Vyke suite of communication products features advanced services providing 
users with low cost, mobile operator/fixed line provider independent ways of 
making voice calls and sending text messaging from the mobile phone, PC and 
internet. 
 
Please visit www.vyke.com 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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