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

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.