Cloudcoco Regulatory News (CLCO)

RNS Number : 8286R

Pinnacle Telecom Group PLC

31 August 2010

 

 

 

Pinnacle Telecom Group plc

("Pinnacle" or the "Company")

 

Successful Completion of Contracts

 

 

Contracts completed

Pinnacle Telecom Group plc, (AIM: PINN) the AIM listed provider of integrated telecommunications solutions, is pleased to announce that it has successfully completed contracts to provide temporary voice and data networks at Leeds Festival, V Festival in Weston Park - Staffordshire, Shambala Festival, V Festival in Hylands Park - Chelmsford, and Reading Festival.

 

The Company has successfully completed contracts at the following events in 2010

 

Alton Towers - Pink Concert	Glastonbury Festival	Reading Festival
BBC Question Time - Various locations	Gloucester Cricket Ground	Religious Broadcasts - Various
BBC General Election	Hampden Park -Various concerts	Stadium of Light Concerts
Ben and Jerry's Festival	Harvest at Jimmy's Festival	Start Project, London
Birmingham Symphony Orchestra	Holland Park Opera	Swansea Proms in the park
Bournemouth Air Show	Hyde Park Festival	T4 Festival
Chelsea Flower Show	Latitude Festival	Theatre Royal, Drury Lane
Chris Evans BBC Home Broadcast	Leeds Festival	T-in-the-Park Festival
Donington Download Festival	Millennium Stadium - Various	V Festival Hylands Park
Edinburgh Festival - Various	Milton Keynes Bowl - Various	V Festival Weston Park
Evolution Festival, Gateshead	Notting Hill Carnival
Finsbury Park - concert	Radio1 Big Weekend - BBC

 

The Company has still to complete a contract to supply temporary voice and data networks for the BBC to cover the four-day visit to the UK of Pope Benedict XVI.

 

Commenting on the contracts, Alan Bonner, CEO of Pinnacle, said: "Pinnacle has had a transformational year, we have successfully delivered numerous high-profile events and we were delighted to have been awarded the contract to deliver networks for the Pope's forthcoming visit. We are recognised as a leader in our field and I was very proud to learn that the Company has been nominated for an award for excellence, at this year's CN Awards in London on October 14th, which are highly regarded as the 'Oscars' of the industry. Our expertise of combining traditional telephony with next generation networks has stood us in good stead and we expect to win further high-profile contracts this year."

 

 

For further information please contact:

 

Pinnacle Telecom Group plc

 

Alan J Bonner, Chief Executive 0845 119 2100

 

Zeus Capital Limited

 

Ross Andrews 0161 831 1512

 

Rivington Street Corporate Finance Limited

 

Jon Levinson & Leo Godsall 0207 562 3389

 

All Company announcements & news can be found at http://www.pinnacletelecomgroup.co.uk

 

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 (previously Glen Group plc) underwent a fundamental restructuring during late 2007 - a process that took 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. 

This information is provided by RNS

The company news service from the London Stock Exchange