Telecoms services provider Pinnacle Telecom has won a new contract from furniture retailer Hammonds Furniture.
The three year deal is worth £500,000 and includes Pinnacle’s own hosted telephony service.
Management expects Pinnacle’s performance in the second half of the year to September 2009 will be much better than the preceding six months. Pinnacle reported a loss of £510,000 on revenues of £1.08m in the six months to March 2009.
Accent Telecom, which was acquired for £661,000 in shares in June 2009, has been fully integrated.
At 0.29p a share, Pinnacle is valued at £4.85m. The share price has quadrupled over the past year.
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