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

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.