Business
Contract Win and Change of Br
Contract Win and Change of Br.
About this update from Cloudcoco Group Plc
[{"type":"text","content":"\n RNS Number : 2415L Pinnacle Telecom Group PLC 04 May 2010 \n \n\n04 May 2010\nPinnacle Telecom Group plc\n(\"Pinnacle\" or the \"Company\")\n \nContract Win & Change of Broker \n \n \nContract Win\n \nPinnacle Telecom Group plc, (AIM: PINN) the AIM listed provider of integrated telecommunications solutions, is pleased to announce that under a non-disclosure agreement, it has won a contract to supply a UK Television broadcaster, with Pinnacle's Voice over Internet Protocol (VoIP), hosted telephony service for its short term events. \nFor this broadcaster, the Pinnacle VoIP service enables rapid deployment of telephony and data to remote and temporary locations, which reduces costs and improves productivity. Pinnacle's VoIP service provides all the features of a feature-rich fixed telephone system, however, Pinnacle's VoIP service is totally portable, accessed and configured from anywhere in the world via the Internet. Importantly however, the service is delivered at a fraction of the cost when compared to a traditional, feature-rich, fixed telephone system.\n \nCommenting on the new contract win, Alan Bonner, CEO of Pinnacle, said: \"Pinnacle continues to evolve its business from traditional telephony, into the next generation of IP telephony and associated services, the contract win further emphasises Pinnacle's ability to provide IP telephony to remote and short-term events. The contract is estimated to generate £500,000 of annual revenue.\"\n \nChange of Broker\n \nPinnacle announces today that it has appointed Rivington Street Corporate Finance Limited as its broker with immediate effect.\n \n \nAbout Pinnacle\n \nPinnacle 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. \n \nPinnacle 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...