Re Contracts Completed

RNS Number : 7955O

Pinnacle Telecom Group PLC

05 July 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 a number of contracts to provide temporary voice and data networks for major UK outdoor events. The completed contracts include Glastonbury, the largest greenfield music and performing arts festival in the world. The contract for Glastonbury was for the BBC to broadcast sound for BBC TV, BBC Radio and the BBC iPlayer. The contract also included connectivity for the whole Glastonbury Festival, which included the festival security, the hospital and the event stages. Pinnacle has also successfully completed the voice and data contract for T4 on the beach, which was held yesterday in Weston-super-Mare.

The Company has now successfully completed contracts for a number of high profile events this year, which include: -

·    BBC Election Special TV coverage

·    BBC Radio1 Big Weekend

·    The Chelsea Flower Show

·    Evolution Festival

·    Donington Download Festival

·    Hyde Park Festival (London's Hard Rock Calling)

·    Alton Towers Pink Concert

·    Seaworks Exhibition Southampton

·    Glastonbury

·    T4 on the Beach

Commenting on the completed contracts, Alan Bonner, CEO of Pinnacle said: "We continue to prove how effective Pinnacle has become in creating and delivering temporary, voice and data networks for the BBC and large outdoor events. One of Pinnacle's key services is to enable rapid deployment of IP telephony and data, to remote and temporary locations, which also reduces costs and improves productivity. We now look forward to T in The Park this weekend, whose 2010 line-up includes Muse, The Black Eyed Peas, The Prodigy, Eminem and Kasabian.

We currently have further contracts to supply The Big Chill Festival, V Festivals, Leeds Festival, Latitude Festival and Shambala Festival."

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. 

 

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