News Today and a rumor that Mail Boxes etc has bought some PCBM stock
(PR NEWSWIRE) Pinnacle Business Management Signs Re-marketing Agreement fo
Pinnacle Business Management Signs Re-marketing Agreement for Debit Cards
CLEARWATER, Fla., Dec. 15 /PRNewswire/ -- Pinnacle Business Management,
Inc. (OTC Bulletin Board: PCBM) announced today that its wholly owned
subsidiary Fast PayCheck Advance, Inc., has a remarketing agreement with its
debit card issuer. Under the agreement Pinnacle will be able to provide debit
cards to other businesses in the Payday Advance and check cashing industry as
well as offering the card through other internet sites. This will allow
Pinnacle to generate income on a per-transaction basis from the use of its
cash card network. The card is currently good at 750,000 locations worldwide.
This is a significant step in providing a broad revenue base for the company.
Bruce Hall President, of Pinnacle Business Management said, "We have
received substantial interest from our industry as to the use of our debit
card. The remarking agreement allows us to market the card to other companies
in our industry as well as providing a true e-commerce payment method for
various internet sites. This agreement transforms Pinnacle from being a
competitor to desired venders in the Payday Advance industry. This profit
center could have significant impact on the bottom line throughout the coming
new year. Pinnacle is not straying from the core business of Payday loans,
however we are strategically expanding our presence in various segments. We
are aggressively pursuing this logical direction to increase revenues."
About Pinnacle Business Management
Pinnacle Business Management is in the business of advancing small loans
until payday through their wholly owned subsidiary, Fast PayCheck Advances,
Inc. and lending money on motor vehicle titles (Title Loans) through their
wholly owned subsidiary Fast Title Loans, Inc. Through the use of branded
Pinnacle Cash Cards, and integrating E-Commerce and electronic funds tracking
and transfer technology, Pinnacle will give new opportunities to those
consumers who have been shut out of the economic and E-Commerce mainstream for
various reasons. For more details on these and other PCBM activities, refer
to the Press Releases at pcbm.com. For additional on-line investor
information on PCBM go to:
internetstockmarket.com.
Contact: Don or Cynthia Mandel of Mandel Consulting for Pinnacle Business
Management, (954)-973-3493 or e-mail at don_mandel@yahoo.com. Safe Harbor for
Forward-Looking Statements: Except for historical information contained
herein 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.
SOURCE Pinnacle Business Management, Inc.
-0- 12/15/1999
/CONTACT: Don or Cynthia Mandel of Mandel Consulting, 954-973-3493, or
email, don_mandel@yahoo.com, for Pinnacle Business Management, Inc./
/Web site: pcbm.com
internetstockmarket.com
(PCBM)
CO: Pinnacle Business Management, Inc.; Fast PayCheck Advance, Inc.
ST: Florida
IN: FIN
SU: LIC
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