6 acquisitions and in profit results mid july.dyor

this looks like great share and still room to move up

going down needs news soon

This released from yes'day....it all looks good doesn't it ?


First-half revenues soaring at SpiriTel
MoneyAM
Business comms supplier SpiriTel said today first half revenue is expected to be not less than 10.5m, up 54% from 6.84m in 2007.

Underlying EBITDA is expected to be not less than 0.85m, up 270%

The company said balance sheet restructuring included conversion of Penta debt at significant premium to share price delivering 800,000 annual interest savings

Penta debt reduced from 11.46m at 30th April 2008 to 7.85m at 31st October 2008

SpiriTel said it was track to meet current market expectations for the full year

Revenue for the first half of the current year to 30th April 2009 is expected to be over 54% ahead of the comparable period from last year with underlying profitability increasing by 270%.

The Company's funding partner, Penta Capital, remains fully committed to the business and during the period converted 3.2m of loan facilities to ordinary shares at prices of 1.1p and 1.5p per share. Penta now holds 313.8 million shares in SpiriTel, representing 49.99% of the issued ordinary shares of the Company.

The significant improvement in financial performance is a result of both organic and acquisitive growth, the company said.

During the period, SpiriTel completed the integration of WN1 (a B2B mobile reseller) and acquired and integrated ED Communications (a network services provider). Performance of both acquisitions has, to date, exceeded management expectations.

The results for the first half will reflect only a partial contribution from ED Communications, which was acquired in August 2008.


Commenting on the update, Alastair Mills, CEO of SpiriTel, said: 'Our significantly improved financial performance demonstrates successful delivery of our strategy of acquisition, integration and growth. All acquired businesses have been rapidly integrated into our existing operations in Wigan and London and are now fully rebranded within SpiriTel Business. We are continuing to focus on cross-selling our integrated product portfolio into the substantially enlarged customer base.'

He added: 'Our increasing level of contracted revenues and the continued growth in our order pipeline, despite a tough economic climate, underpin our expectation to meet full year market forecasts and continue the delivery of value to shareholders.'

SpiriTel wins hotel group business
MoneyAM
Business communications service provider SpiriTel has announced a major network contract with a leading international hotel group, expected to generate 600,000 of revenue.

The two-year deal will see SpiriTel replace BT as the provider of the customer's private UK voice service. A three-year maintenance agreement has also been renewed, expected to generate more than 2 million.

SpiriTel CEO Alastair Mills, 'Following the renewal of their maintenance contract, we were delighted to be awarded a major contract to replace a BT service for this customer, one of our existing global hotel customers.

'This is another significant cross-sell for the group, delivering on one of our key strategic objectives. In addition, the deals increase the level of earnings visibility and cash generation in the group.

'We are operating in a particularly challenging economic environment. However, we expect this to create ongoing opportunities for SpiriTel as customers assess cost-saving opportunities more closely.'

Another good contract win...this company is going from strength to strength...let's hope the sp does as well!


29 January 2009

SPIRITEL PLC

('SpiriTel' or 'the Company')




CONTRACT WIN




SPIRITEL WINS 1 MILLION NETWORK SERVICES AND VOIP CONTRACT




SpiriTel Plc, (AIM:STP), the business communications service provider, is pleased to announce that it has won a network services and hosted VoIP contract with a major European hotel group. The three year contract, the value of which is expected to exceed 1 million, is SpiriTel's second significant cross sale contract win this month. Under the terms of the agreement SpiriTel will provide integrated network services across all of the group's UK estate of 21 hotels and its head office. The hosted VoIP solution is a managed service which includes the provision of teleworking facilities for field based staff.




This contract win is further evidence of SpiriTel's ability to drive organic growth by cross-selling the Company's expanded product range covering fixed, mobile, data and networking services. Earlier this month, the Company signed an agreement with another international hotel group, under which SpiriTel replaced BT as the provider of a private UK voice network, and this takes the total value of cross sales orders since the Company's April 2008 year end to over 3 million. In addition, the three year term of these recent contract wins contributes to the Company's strategic goal of increasing future earnings visibility.




Commenting on the contract win, Alastair Mills, CEO of SpiriTel said: 'I am delighted to have secured another significant contract win for SpiriTel which provides further evidence of the viability of our integrated model in a challenging economic climate. SpiriTel has a proven track record of providing innovative and cost effective solutions and our customers are increasingly looking to us to help deliver cost savings. We believe the Company is well placed to win further market share.'

Interest picked up here today

http://www.commsbusiness.co.uk/RSS_News_Articles.cfm?NewsID=7663