Contract Win

RNS Number : 2322P

Pinnacle Telecom Group PLC

13 July 2010

 



 13 July 2010

Pinnacle Telecom Group plc

Pinnacle wins £0.75 million contract with Grass Roots Group PLC

Pinnacle Telecom Group plc ("Pinnacle" or the "Company" (AIM: PINN)) the AIM listed provider of integrated telecommunications solutions, is pleased to announce it has been awarded a one-year contract to supply integrated telecommunications for Grass Roots Group PLC ("Grass Roots").

Grass Roots operates from offices in 16 countries, employing over 1000 people, specialising in marketing, research and HR services for over 2000 client organisations. Grass Roots UK is listed in the 2007, 2008, 2009 and 2010 Sunday Times list of Best 100 companies to work for, and is accredited with ISO 27001 for information security. Pinnacle has won the contract to supply an integrated solution of 30 million minutes of inbound and outbound voice calls, and fixed line services, to five of Grass Roots offices across Stafford, Teddington, Wendover and both locations in Tring.

Commenting on the contract win, Alan Bonner, CEO of Pinnacle, said: "Pinnacle continues to make good progress and we are delighted to have been awarded another major contract. Grass Roots Group PLC was established over 30 years ago and is a successful, international corporate business with annual revenues of £265m. This latest contract win for 30 million voice call minutes per annum, will help raise our profile in the UK corporate market. It was won against much larger competitors, and further demonstrates our capability to handle larger and more complex contracts. Whilst seeking out earnings-enhancing acquisitions is a priority, Pinnacle also aims to deliver organic growth, and this contract is estimated to generate £750,000 of annual revenue."

Danny Attias, Head of Group Infrastructure at Grass Roots said: "Pinnacle showed a good understanding of the opportunity to add value to our business and I'm very pleased to have them on board as our partner".

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
Grass Roots
Nick Wake, Head of Marketing Communications	01442 829400

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

Notes to editors

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. 

 

END

 

 

CNTKKBDDFBKDFOD