Last checked at 4 May 2010 09:17
04 May 2010
Pinnacle Telecom Group plc
("Pinnacle" or the "Company")
Contract Win & Change of Broker
Contract Win
Pinnacle Telecom Group plc, (AIM: PINN) the AIM listed provider of integrated telecommunications solutions, is pleased to announce that under a non-disclosure agreement, it has won a contract to supply a UK Television broadcaster, with Pinnacle's Voice over Internet Protocol (VoIP), hosted telephony service for its short term events.
For this broadcaster, the Pinnacle VoIP service enables rapid deployment of telephony and data to remote and temporary locations, which reduces costs and improves productivity. Pinnacle's VoIP service provides all the features of a feature-rich fixed telephone system, however, Pinnacle's VoIP service is totally portable, accessed and configured from anywhere in the world via the Internet. Importantly however, the service is delivered at a fraction of the cost when compared to a traditional, feature-rich, fixed telephone system.
Commenting on the new contract win, Alan Bonner, CEO of Pinnacle, said: "Pinnacle continues to evolve its business from traditional telephony, into the next generation of IP telephony and associated services, the contract win further emphasises Pinnacle's ability to provide IP telephony to remote and short-term events. The contract is estimated to generate £500,000 of annual revenue."
Change of Broker
Pinnacle announces today that it has appointed Rivington Street Corporate Finance Limited as its broker with immediate effect.
About Pinnacle
Pinnacle Telecom Group plc is a value added, solutions based provider of integrated telecommunications services including IP solutions. It focuses on the SME market across the UK, where it provides a wide range of communications solutions including telecommunications calls, access and consultancy, IT support, mobile solutions both voice and data and hosted broadband voice services.
Pinnacle underwent a fundamental restructuring during late 2007 - a process that has taken over two years to show concrete results - and which included the disposals of Eclectic and inGroup and a focus toward recurring revenue streams (88% of revenues in 2009 up from 33% in 2008) from non-recurring projects. Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Virgin Media and THUS. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP (and a founder member of Nominet), operating from its data centres in Glasgow, London and Brighton.
Pinnacle's strategy is to be a SME focused, value added, solutions based provider of converged communications services, driven by leveraging organic opportunities as well as through targeted acquisitions.
For further information please contact:
Pinnacle Telecom Group plc
Alan J Bonner, Chief Executive 0845 119 2100
All Company announcements & news can be found on http://www.pinnacletelecomgroup.co.uk
Zeus Capital Limited
Ross Andrews & Bobby Fletcher 0161 831 1512
Rivington Street Corporate Finance Limited
Jon Levinson & Leo Godsall 0207 562 3389