people telecom chugging along nicely

21 April 2005
People Telecom Limited
Appendix 4C Quarterly Report


People Telecom Limited (ASX/NZX: PEO) is pleased to provide the updated Part 4C cash position of the company.

The closing cash position at March 31 was $3,955,000 excluding $1,548,000 held on deposit as security for bank guarantees given to third parties and the Operating Cash Flow for the first 9 months of 2005 was a positive $1,144,000.

The company continues its strong sales push with record sales in February and March including the signing of 3,500 new customers with annual revenues estimated to be over $6 million. People Telecom can boast major customer wins including the Michel’s Patisserie ($2 million contract), Olympus Medical Australia ($0.4 million contract, and Miller’s Retail Group ($1.3 million extended contract).


About People Telecom:

One of Australia’s largest and fastest growing telecommunications groups, People Telecom offers a comprehensive range of telecommunication products and services for both consumers and business.

The company is a leader in service within the telecommunications landscape, offering high customer service levels accompanied by a full site of standard and cutting edge telecommunications products such as Voice-Over-Internet Protocol (VoIP).

Over the four year period the company has grown has grown dramatically. In the 2004 financial year pro-forma revenues reached $73m and the 2005 financial year revenue is expected at $100m.

For further information, please visit http://www.peopletelecom.com.au or contact:

Ryan M. O’Hare
Chief Executive Officer
People Telecom Ltd
(02) 9458 5821
0415 888 500
[email protected]

Wayne Wanders
Chief Financial Officer
People Telecom Ltd
(02) 9458 5813
0412 227 052
[email protected]