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

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?