Contract Wins and Subsidiary Interest

    RNS Number : 2398H
  AT Communications Group Plc
  03 November 2008
   


    
    ATCG.L


    AT Communications Group plc
    ("ATC" or "the Group")

    ATC is an award-winning supplier of Information and Communication Technology ("ICT") solutions 

    www.atcommunications.co.uk

    Multi-million contract wins & potential interest in subsidiary

    The Board of ATC is pleased to announce a series of new contract wins for its ATC Solutions and Servassure divisions. 

    These wins include a two year Network Services Voice Contract with Carpetright, Europe's leading carpet and floor specialist retailer.
The contract will result in significant cost consolidation and streamlining of Carpetright's entire UK and Ireland estate of nearly 600
stores. It also represents another major client win for ATC Solutions' retail portfolio, which includes HMV and Somerfield.

    In addition, the Group's Servassure division has won a three year voice and data estate maintenance contract with BT for Comet, the
electrical goods retailer. The contract which covers over 250 stores, distribution centres and head office sites across the UK is worth in
excess of £1million over the period.

    Both contract wins are working capital positive and are expected to make partial contributions to the current financial year but will
make full contributions in 2009 and beyond. 

    ATC also confirms that it has received unsolicited potential interest in a subsidiary of the Group. Since the Group's continued priority
is to reduce debt levels, the Company is exploring this interest, together with its advisers. Discussions are at a very early stage, and a
further announcement will be made in the event there are material developments. 

    Alex Tupman, CEO commented:-

    "I am delighted that our recent investments have delivered these multi-million contract wins, which will help underpin the Group's
future revenues. In addition, an approach for one of our subsidiaries is currently being considered with initial discussions underway.
Shareholders will be updated on this development as soon as appropriate.



    The Board remains confident of the Group's long term prospects, which are underpinned by a solid new business pipeline, and I expect to
announce further new contract wins shortly." 


 AT Communications Group plc   08700 55 80 80
 Alex Tupman, Chief Executive
 www.atcommunications.co.uk
 Cenkos Securities plc         020 7397 8924
 Stephen Keys
 Biddicks                      020 7448 1000
 Shane Dolan


This information is provided by RNS
The company news service from the London Stock Exchange
 
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