Final Results

For immediate release

21 September 2005

PNC Telecom PLC (the "Company")

Further trading update

In the six week period ended 16 September 2005, the Company's un-audited
management accounts show that sales amounted to 4,628,849 which generated
gross profit in excess of 160,000. The Directors estimate that administrative
expenses of the Company currently run at around 17,000 per month (including
Directors' remuneration which has now commenced).

The Board continues to recover monies which it believes were inappropriate
expenditure; a further 33,000 was received on 19 September 2005.

CHAIRMAN'S STATEMENT

Audited results for the year ended 31 March 2005

FINANCIAL RESULTS

The audited financial results for the year ended 31 March 2005 revealed an
operating loss of 458,000. The basic loss per share is 0.95p.

CHAIRMAN'S STATEMENT

Further to the publication of the audited accounts and my Chairmans statement
released on 6th June 2005, I am pleased to announce that the Company has now
profitably re-established its wholesale, distribution and trade finance
business in the telecoms TV, Video and DVD fields

The Company has raised 620,000 by way of two convertible loans which have
provided the much needed working capital.

The Directors now believe that the Company is in good shape to trade for the
year 2005/06.

L E V KNIFTON
Chairman

RNS Number:2139X
PNC Telecom PLC
01 April 2004


Press Release 1 April 2004


PNC TELECOM PLC

("PNC" or "the Company")Change of Adviser / Board
Changes



PNC Telecom plc is pleased to announce the appointment of Daniel Stewart &
Company Plc as broker and nominated adviser with immediate effect.


Furthermore, the Board of the Company welcomes the appointment of Mr Jeffrey
Pack as a Director following the resignation of Mr David Till. The Board would
like to welcome back Jeffrey as a director and thank David for his help and
support in bringing the business out of administration, a task he started last
summer and which was successfully completed in February 2004.


Matters for disclosure under paragraph (f) of Schedule 2 of the AIM Rules with
respect to the appointment of Jeffrey Pack as a non-executive Director of PNC
Telecom plc:Full name: Jeffrey James Pack
Age: 57
Current directorships: Ealing Golf Club (1923) Limited


Directorships held within the PNC Telecom plc
last 5 years: Intrinsic Limited
Securicor Group Trustees Limited
Bridgend Custodial Services Limited
Phoenix Travel Limited
Securicor Management Services Limited
Securicor Hotels Limited
Securicor Recruitment Services Limited
Bedwas Bodyworks LimitedR.J. Bown Limited
Bown Vehicle Leasing Limited
Securicor Containers Limited
Securicor Omega Logistics Limited



There are no other matters that are required to be announced with regards to
this appointment.





For further information:

PNC Telecom Plc
Nigel Etherington, Company Secretary Tel: +44 (0) 1985
847777www.pnctele.com



Media enquiries:
Bankside
Julian Bosdet / Alex Tweed Tel: +44 (0) 20 7444 4140
alexandra.tweed@bankside.com www.bankside.comThis
information is provided by RNS
The company news service from the London Stock Exchange
END

RNS Number:7734U
PNC Telecom PLC
29 January 2004




Press Release 29 January 2004

PNC TELECOM PLC ('the Company')

The Company announces that it has been notified on 28 January 2004 that, in
accordance with Sections 198 of the Companies Act, that following the purchase
below, James Capel (Nominees) Limited has a notifiable interest in the Company's
shares.



22 January 2004 bought 2,085,724 shares




For further information:
PNC Telecom PLC
Nigel Etherington, Company Secretary Tel: +44 (0) 1985 847777
netherington@etheringtons.co.uk www.pnctele.com



Media enquiries:
Bankside
Julian Bosdet / Alex Tweed Tel: +44 (0) 20 7444 4140
alexandra.tweed@bankside.com www.bankside.com






This information is provided by RNS
The company news service from the London Stock Exchange
END

RNS Number:9471U
PNC Telecom PLC
03 February 2004




Press Release 3 February 2004


PNC TELECOM PLC ('the Company')


The Company announces that it has been notifiedon 2 February 2004 that, in
accordance with Sections 198 of the Companies Act, that following the purchases
below, Barclays Nominees has a notifiable interest in the Company's shares.



23 January 2004 bought 4,000,000 shares

26 January 2004 bought 500,000 shares











For further information:
PNC Telecom PLC
Nigel Etherington, Company Secretary Tel: +44 (0) 1985 847777
netherington@etheringtons.co.uk www.pnctele.com



Media enquiries:
Bankside
Julian Bosdet / Alex Tweed Tel: +44 (0) 20 7444 4140
alexandra.tweed@bankside.com www.bankside.com






This information is provided by RNS
The company news service from the London Stock Exchange
END

Tick up just before close on the offer to 4 pence. Closing at 3.25-4.0 pence, up 7.1%. Delayed buy may be forthcoming around 5.25pm.

PNC TELECOM PLC is a shell and is in no way connected to PNC TELECOM services! PNC TELECOM plc does not have an ongoing business after having sold that to Vanguard.

Hi, yep you are right after checking my research again last night.

There may be some kind of reverse takeover happening in the distant future hence somone buying a big stake around 7 pence.

This company would be a potential buy at this price. I have bought at 4.5p

The price has been creeping up slowly since this thread was started on no volume. Price 3.75-4.25 pence at close of play. Up 25% since this thread was started.

Has this got further to go or is it a missed opportunity. Sue Helen can you recommend a very risky share that could provide huge returns in the short term. Hope you had a good day at uni

This one looks cheap and potentially on the rise, anybody any news on it?

HI there, these are just a cash shell now as of January 2004. There was some talk of a reverse takeover back a couple of months ago but not sure if there is any talk going on at the moment.

In today's Daily Telegraph Newspaper :

PNC appoints Pack as confrontation looms

PNC Telecom appointed Jeffrey Pack chairman as the troubled telecoms business convened an extraordinary meeting for August 24 at which three rebel shareholders will seek to overthrow the management.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/07/31/cnbul31.xml&menuId=242&sSheet=/money/2004/07/31/ixcity.html

i have been looking at this for a while and am in 2 minds, dont know if its a dead dog or possible bounceback,bit of feedback would be very appreciated.

WOW, check out the announcement today.

Could be massive gains here !!

Fundamentals are good, the news is excellent, this could go a long way.

(6/June/2005) Chairman - "The directors now believe that the company is in good shape to trade for the year 2005/06"

From the prelims.

68 million shares in issue.

0.5p EPS at interims and 5p is ok, if they get 1p EPS, well, its easy to work out.

I will go for basic EPS of 0.85 at interims, so this is massively undervalued in my opinion.

FOR IMMEDIATE RELEASE 12 August 2005

PNC TELECOM PLC

(the 'Company')

Trading update

In the five week period ended 5 August 2005, the Company's un-audited
management accounts show that sales amounted to 2.9 million which generated
profit before tax in excess of 95,000.

As announced at the time of the final results for the year ended 31 March 2005,
Joseph Case, a director of the Company, has been operating a retail,
distribution and trade finance business in the telecoms field for the Company
and in particular the sale of telecommunications equipment, plasma and LCD
screens, DVD digital equipment and computer equipment, to both corporate and on
and off line retail customers. The Company still has no other employees.

The next results of the Company will be for the six months ending 30 September
2005 which the Company expects to announce in November.

ENDS

PNC Telecom Plc

Leo Knifton 0207 251 3762

These should rocket on Monday and all next week.

LINK

LONDON (SHARECAST) - A year after PNC Telecoms board were ousted the group charged ahead as it finally began trading again.

At present the two directors receive no remuneration and one of these, Joseph Case, has been operating a retail, distribution and trade finance business in the telecoms field.

PNC said for the five weeks to 5 August, the Company's un-audited management accounts show sales amounted to 2.9m generating a pre-tax profit of more than 95,000.

The company still has no other employees, it said today.

In June PNC said it was seeking to recover funds, which it believes to have been misappropriated by some members of the previous Board. 62,000 has been recovered from Jeremy Thomas and the company is currently issuing proceedings for a further 66,000 against him.

From UK-analyst.com

PNC Telecom has been a sorry story. A year ago it sacked its board and also revealed over the summer that it was trying to recover funds that had been misappropriated by the board, Jeremy Thomas in particular. The company is now operating with 2 directors who receive no salary. Director Joseph Case has been operating a retail, distribution and trade finance business in the telecoms field for the company and in particular the sale of telecommunications equipment, plasma and LCD screens, DVD digital equipment and computer equipment, to both corporate and on
and off line retail customers. The shares soared 0.925p ahead today to 1.8p after the company said that in the 5-week period to August 5th, the company's un-audited management accounts showed that sales amounted to 2.9 million pounds, which generated pre-tax profits in excess of 95,000 pounds.

Great news. PNC is most likely to go up further next week

PpP: This is a ridiculously low market cap, the empty AIM listed shell must be worth most of that, but the figures are based on a short spell of car boot sale style trading and so I think can't be taken seriously.
OK for a quick buck, then wait for the business plan.
sd.

squidd very true but if Joseph can keep up his trading style and knock in an EPS of 0.5p at November results there is a long way to go yet.

I think there is going to be lots of new released between now and November from PTC, updates and name changes and plans and progress.

They are also chasing for about 500K back from previous directors which if they get will be a nice bonus too.

It will be volatile with big swings but should settle around the 5p mark I think at November interims.

But if Joe and Leo keep profits in line with the trading statement then EPS could be over 1p and price 10p. Its going to be a wild ride.

Post from another board;

daniel333 - 14 Aug'05 - 13:53

John, to understand the company you need an undrstanding of the man. Joe took his first compant public while in his 30,s and sold his second attempt KJC Tele. for mega millions. He,s a talent. Unfortunatly for him a major part of of the KJC deal was settled in shares which were trading at around 4 at the time. After watching them fall to just a few pence (he was tied in) he decided to do something about it and he and Leo took the company back at an EGM. Leo as far as I can tell looks after the Regs. & legals. while Joe has put a trading company together. Joe has,in my opinion, one of the finest network of contacts in the UK which he has utilise to set up a very smart opperation that will grow quite rapidly. He,s a man on a mission with an axe to grind and a point to prove and we share holders will be the ones who benifit from his drive and enthusiasm.

PpP: Unlike DB66 my ticker needs a flow of adrenalin to keep it going, so I'm sorely tempted by PNC, particularly with your latest posting. Will sleep on it.

Meanwhile, looking at the bigger picture, the heavy recent volumes on ULT and PNC suggests to me that after a 5 year convalescence the market is now relishing any Klondike scenario, and were the spotlight fall upon - say TAG, it would join ULT in a massive jump, which with their solid backgrounds should prove to be sustainable rises. I am accordingly topping up on ULT & TAG as a first step.
sd.

I believe PTC will be on for more news coming up - looks good in the future

The only trouble is 120 million shares worth of loan notes are out there (RNS 22nd Feb) and not in the directors hands (they have 500 million), only 20 million have been converted so far and if the others are converted at the moment all the strength will go from PTC.

And there we go 15 million of the remaining 100 million loan notes converted which is what killed the rise. With another 85 million still to be issued that are outside the directors control this is going to be volatile and will rise on news and fall as more loan notes are issued.
Directors hold 500 million loan notes worth and some warrants.

Does not look good now - higher loans and more shares in the market is going to bring PTC down to below 1p by the end of the week. PTC gave 5 million shares for a mere 5000 loan. Bad move!

PpP: After a 100% rise on Friday, there had to be a lot of profit taking and following the dilution I'm surprised the sp held up as well as it did. And after it all we still have that minute market cap.
If post 27 is an accurate profile of Joseph Case, I think the wild ride you predicted earlier will continue and we must keep watching/
sd.

5m shares is only 100,000 at the price of 2p per share. That is nothing to worry about. They where just being generous for the 5,000 loan.

squidd you just have to take it that the 85 million loan notes not in the directors hands will be cashed in as further rises come. I think it will rise again and again on news to fall back on loan note conversion until that 85 million remaining is gone.

There's a heck of a lot of trading in this stock in relation to its size. Seems to have aroused a great deal of interest. It's todays top trade on Squaregain, with ULT not far behind.

.

Bought a few of these this morning based entirely on rumours of continuing profits. Don't generally like Telecoms, but having made a few bob on O2 recently, thought I would have a go at something else. Up 8% so far, another 10%, and I'll have cracked the spread. LOL

DYOR etc etc

pth

Have a confession to make - I bought some of these last week - oor so I thought - I put put in the wromg epic code and bought PNC - not PTC.

Too late, realised my mistake but decided to stick with it.

Luckily PNC ( a company called PEN MC - which I had never heard off) - has increased by 40% in the last few days - so sold them and bought PTC yesterday.

Not often that luck goes your way - but I did feel a fool when I realised I had bought the wrong share.

Baza,

nice one Baza, because it worked out for you, that's quite amusing, not quite so funny had it gone the other way. Good luck with the real PNC!!

pth

Not sure why, but my Buy this morning hasn't been reported yet (have to check the NMS). Thought for a nasty moment I had made the same mistake as Baza. Phew!!

pth

I reckon that that is why the share price of PNC has suddenly started to go up - because there are lots of people buying the wrong share !!

Baza

Another SueHelen disaster .... so she changes here name and tries again !

We are going up again ! Must be news coming.

PpP: the sp is showing great resilience despite the dilution and hefty selling.
After re-reading earlier posts and your Nos 22 & 27 in particular, have started to build a stake, though finding the spread painful.
Have you noticed EPO.

squidd on EPO I see Man Financial were buying in the new shares, and a good rise today, whats the news ?

no activity...but the price is holding up... leo knifton is involved...any comments

Amities / After digesting the various administrators various reports on PTC ( ex PNC telecom ) and some quite recently this is a company that certain directors used as thier own private company and hence virtually unaccountable for all fiscal matters. ....l researched this stock many years ago when it was suspended at about 340p while the takeover of KYC was finalised . That in itself was a disaster; and a deal which proved to be 20X true value ,,Dont worry about Joe . He got a good deal . A deal which 2 years later showed in PTC accounts as an amortisation of KYC of almost 95% ....Quite simply PNC telecom paid massively, and perhaps criminally, over the odds; and going on the behavoir of a number of past directors exactly who was up to what is hard to unravel- and more to the point - proove . With such a chequered history and with such hideous debt i suspect any monies made will go to those parties firs Jt .............@+ ,,,,,,

The picture should become clearer when the next set of results come out in November. The last trading update for six weeks in September was quite encouraging.

Convertible loan notes were issued at 1 pence....maybe the reason why the price is drifting to the 1 pence level again after touching 2 pence on the last trading update.

bought this @ 0.95 3 mnths ago and sold out yesterday @ 1.42 lovely little profit.

Encouraging signs of life from PTC.

The entry into VoIP and the reverse takeover of SIM4Travel suggest to me that Joseph Case has dragged PTC out of the mire and back on the road; and he is also claiming to be trading profitably. No doubt there's still a big share overhang from earlier fundraising, which will help keep the sp down, but this to me looks like a very promising recovery stock and I'm adding to my holding.
sd.

I think that you're possibly understaing the "big share overhang from earlier fundraising" point squidd.

At the moment there are only 143m shares in issue but under the terms of the convertible bond issue another 525m shares (ie more than 3.5 times the existing shares in issue) are due to be issued at a price of 0.1p each. These cheap shares will flood the market and are bound to pull the price down - materially.

JakNiife: Thanks for a timely warning; the charts are also telling me to dump these and get the proceeds behind the front runners. A case of keep pruning to promote growth.

Nice news when compared to the market cap.

Holding(s) in Company

FOR IMMEDIATE RELEASE 8 May 2006

PNC TELECOM PLC

("PNC" or "the Company")

Holding in Sim4Travel Limited ("S4T")

Further to the announcement on 13 February 2006 regarding the Company's holding
of 50,000,000 ordinary shares in S4T (the "Holding"), the Company today
announces that following the admission of S4T to Ofex on 5 May 2005, the
Holding is valued at 7.5 p per share, or 3,750,000.

In the light of recent industry changes, the Board has reviewed its handset
trading and decided to operate, in future, on a much more selective basis.
Shareholders will be updated in more detail at the time of the announcement of
the results for the year to 31 March 2006.

PNC Telecom Plc

This is a dodgy share with a bad history of directors swindling money from the company.

It is that hyleo, and also a lot of loan shares still to be issued.

I want to see where it goes with this S4T deal....watching (not holding)

takeover ???

up 64% today and buys keep showing up

I wonder if it will make 100% today

looking good for another 65% rise

who is this david paxman who has dumped a load of stock ?

A wise man?
(after the event, so to speak)

He had 13m at an undisclosed, but low, price and sold at a profit, allegedly, again undisclosed sp. Short term very profitable. I would sense he is below the notification threshold requiring an RNS now!
Where are the trades that is what I want to know?
Who were they between?

At last some money being recovered from the dodgy past ! Over half a million !

Amazing turnaround after all these years. I hope they can use it well. They have been in a dormant state through no wrong-doing of the CEO. It appears his 'trusted' emissaries were at fault here. I'd love to hear how they swindled the company.
I believe there may be more to come from the litigation process. Certainly they can now pursue the 1.5m Vat repayment from HMRC from a position of some strength now.

VAT people do take a long time. The last mention was at the interim results 21 Dec 2006

Considering they have taken this trouble to stay afloat and fight the case through the courts with more litigation, allegedly, to come plus the HMRC tribunal then they must have some intention to go further with re-establishing the company as a trading entity.
Otherwise why bother?
I look forward to the next stage.

me too. not sure if i should buy more. too much loan stock about. as soon as the sp rises there are big sellers.

Maybe that is part of the plan? If they get the money in they can absorb/defray the loan notes and are an attractive proposition as a shell or even, heaven forbid, as a going concern again. maybe it is all part of the plan?..I am still working on the breath and depth of that one I hasten to add.
They are not putting the pieces back together for nothing imo!

THE PURSUE THE 1.5 MILLION REPAYMENTS
CRACK DOWN VAT FRAUD SUFFERS E.C COURT SET BACK
BRUSSELS THE GOVERNMENT WAS WRONG TO CLAIM A SALES
LEVEY FROM TADERS EUROPEN UNION TOP COURT RULED ON THURSDAY.
LET JUST HOPE PNC TELECOM TAKE THE GOVERNMENT TO COURT
AND ASK FOR SAME CONTENSIONS WHAT THE GOVERNMENT CHARGE
LIKE A FINE FOE EVERY DAY PLUS WHATS THE INTEREST RATE DAILY LATE
PAYMENT?

more success in getting cash back last week 350,000 and more to come. great. lets see how the VAT case goes. This looks like a great shell to be taken.