CloudCoCo Regulatory News (CLCO)

24th May 2011

Pinnacle Telecom Group plc

("Pinnacle" or the "Company")

Contract Win

Pinnacle Telecom Group plc, (AIM: PINN) the AIM listed provider of cloud based technology solutions, is pleased to announce that it has been awarded the contract to supply the voice and data network for the Women's British Open, which takes place at Carnoustie from July 28th to July 31st 2011.

The contract has been awarded by IMG Group ("IMG") who will manage the event at Carnoustie where Pinnacle will provide a full range of broadband, data and hosted voice services for IMG. IMG is a global sports and media business, founded in 1960 by Mark McCormack and golf legend Arnold Palmer, acquired in 2004 by renowned entrepreneurial pioneer Ted Forstmann. IMG has 3,000 employees operating in 30 countries around the globe. IMG's Joint Ventures, IMG Reliance, IMX and IMG CCTV, in the emerging markets of India, Brazil and China, offer IMG significant long-term growth opportunities. IMG Media is the world's largest independent producer and distributor of sports programming. IMG Events and Federations owns and manages some of the most sought after events and includes long standing associations with the world's most important sports organisations, leagues, and federations.

Completed Contracts

The company is also pleased to announce that is successfully completed the contracts to provide the voice and data connectivity for the BBC coverage of the UK local elections, which will took place on the 5th May 2011 and the contract to provide the voice and data connectivity for Europe's biggest free festival, BBC Radio 1's Big Weekend, which was held at Carlisle on 14th & 15th May 2011 and featured, Lady Gaga, Black Eyed Peas, Foo Fighters, My Chemical Romance and Nicole Scherzinger.

Commenting on the new contract, Alan Bonner, CEO of Pinnacle, said: "We continue to make good progress and this contract win for the British Open Golf at Carnoustie, breaks Pinnacle into a new market for temporary voice and data network services. It is also our first contract with IMG Group, a world-class organisation operating in 30 countries around the globe and we are delighted to be working with the team at IMG.

We are also finalising the Company's interim results for the six months ended 31 March 2011, which will be issued by the end of June."

About Pinnacle

Pinnacle Telecom Group plc (AIM: PINN) 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 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. Pinnacle are seeking to acquire and grow businesses to bring together the four main elements of; traditional telephony, hosted cloud based services, IT support and data centres. A particular target area is data centres, where the combination of recurring revenue and a platform to expand our hosted cloud based services, would create a compelling earnings enhancing proposition. A strategic acquisition in this area would potentially be transformational and as data centres are worldwide, we are widening the search parameters.