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 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 .............@+ ,,,,,,