REG-Pinnacle Telecom Grp Trading Update
Released: 29/09/2009
com:20090929:Rnsc8708Z
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RNS Number : 8708Z
Pinnacle Telecom Group PLC
29 September 2009
Pinnacle Telecom Group plc
("Pinnacle" or "the Group")
Trading Update
Pinnacle, (AIM:PINN), the provider of integrated telecommunications solutions
and services, is pleased to announce that its subsidiary, Accent Telecom UK
Limited ("Accent"), has won a hosted voice (VoIP) contract with Hammonds
Furniture Limited, a major UK furniture retail group. The three year deal,
expected to generate £500,000 of revenue, represents a significant turning point
for Pinnacle as it continues to evolve its business from traditional telephony,
into the next generation of Internet Protocol (IP) services.
Commenting on the new contract win, Alan Bonner, CEO of Pinnacle, said: "Despite
the sharp economic downturn we have continued to make progress following the
acquisition of Accent in June of this year. This latest contract win will see
our fully owned, hosted telephony solution deployed across 90 retail outlets and
three call centres in the UK.
We pride ourselves in being competitive coupled with having the ability to
deliver a solutions based result that actually enhances the customer's business.
This win is no exception; our solution will deliver enhanced telephony features
for our client but at a significantly reduced cost when compared to their
current provider."
As anticipated in our half year announcement, Accent has now been successfully
integrated into Pinnacle. This acquisition has been a watershed in the
development of the Group as we continue our drive to build a business of scale.
As a result, the board expects that the performance in the second half to 30
September 2009 will be much improved compared to the first half.
29 September 2009
For further information please visit www.pinnacletelecomgroup.co.uk or contact:
Pinnacle Telecom Group plc
Alan J Bonner, Chief Executive Tel: 0845 119 2100
Pelham PR
Alex Walters Tel: 020 7337 1550
Zeus Capital
Ross Andrews Tel: 0161 831 1512
Bobby Fletcher
Notes to Editors:
Pinnacle Telecom Group plc is a provider of integrated telecommunications, IT,
Mobile and IP solutions serving the SME market. Operating across the UK, the
Group provides a wide range of services to its clients, including
telecommunications calls and access, broadband, mobile, IT integration and
hosted services.
This information is provided by RNS
The company news service from the London Stock Exchange
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