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

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