PCBM News
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(PR NEWSWIRE) Pinnacle Business Management Details Large Growth in the 4th
Pinnacle Business Management Details Large Growth in the 4th Quarter
(www.pcbm.com)
CLEARWATER, Fla., Oct. 7 /PRNewswire/ -- Pinnacle Business Management,
Inc. (OTC Bulletin Board: PCBM) and Fast PayCheck Advances, Inc.(a wholly
owned subsidiary of Pinnacle) announced today a brief update as to the
progression of Pinnacle Business Management. Pinnacle has entered into an
exclusive long-term contract with Mail Boxes Etc. The agreement has created a
realistic opportunity for rapid expansion, growth, and profitability.
Expansion through MBE locations gives PCBM immediate growth.
Pinnacle CEO Jeff Turino added: "We plan to rollout 270 locations in
Florida by year-end without the massive expenses associated with building or
leasing locations and hiring additional staff. This association with Mail
Boxes Etc. will provide PCBM unparalleled national exposure while bringing
additional value to our shareholders".
Target market assessments indicate that Mail Boxes Etc. customers and
Pinnacle's pay day advance customers are congruent. Essentially, both parties
can continue to prosper from this relationship.
-- Currently, PCBM is in the midst of an independent audit to expedite
the goal of becoming a full-reporting company.
-- With the current relationships and continued endeavors, Pinnacle
expects to show an operating profit in the fourth quarter.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein, the statements in this press release are
forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
the company's actual results in the future periods to differ materially from
forecasted results. These risks and uncertainties include, among other
things, product price volatility, product demand, market competition, risk
inherent in the company's domestic and international operations, imprecision
in estimating product reserves and the company's ability to replace and expand
its holdings.
For Investor relations contact Don or Cynthia Mandel of Mandel Consulting
for Pinnacle Business Management, (954)-973-3493 or e-mail at
don_mandel@yahoo.com.
SOURCE Pinnacle Business Management, Inc.
-0- 10/07/1999
/CONTACT: Don or Cindy Mandel, both of Mandel Consulting, 954-973-3493,
or email, don_mandel@yahoo.com, for Pinnacle Business Management, Inc./
/Web site: pcbm.com
(PCBM)
CO: Pinnacle Business Management, Inc.; Fast PayCheck Advances, Inc.; Mail
Boxes Etc.
ST: Florida
IN: FIN
SU:
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