PCBM News today
Its at .14, with the roll out into Texas Mail Boxes etc to start in January and now we have a real life e-card.
IMHO I think PCBM will see much higher levels very soon..
(COMTEX) B: PINNACLE BUSINESS MANAGEMENT ANNOUNCES SWIFTCASH.NET
B: PINNACLE BUSINESS MANAGEMENT ANNOUNCES SWIFTCASH.NET
CLEARWATER, Fla., Dec 28, 1999 /PRNewswire via COMTEX/ -- Pinnacle
Business Management, Inc. (OTC Bulletin Board: PCBM) announced today,
that its wholly owned subsidiary, Fast PayCheck Advance, Inc., has
opened an electronic PayCheck Advance site at www.swiftcash.net.
Consumers who visit www.swiftcash.net can apply for a PayDay advance
on-line or refill their existing debit card. If the loan is a new loan,
the consumer will be directed to the nearest location to pick up the
approved debit card. As Pinnacle expands into other states in the
PayDay loan industry, this site will facilitate marketing and offer
easier access to funds for consumers. The site also allows funding of
the debit card on a non-payday loan basis. The card then could be used
as either a true debit card or as a payment method on Internet sites.
Pinnacle will charge fees filling the card, re-filling the card and on
a per-transaction basis. The card is currently good at 1,000,000 plus
locations worldwide. This is a significant step in providing a broad
revenue base for the company.
Bruce Hall President of Pinnacle Business Management said, "This site
completes our transition into the true E-commerce base of revenues we
have been seeking. Combined with our aggressive expansion plans, our
goal to provide a broad-based electronic funds network can be
realized."
Additionally, Pinnacle has decided not to acquire Matrix Technologies
Inc. After substantial due diligence it was decided the best direction
for the company was to focus on its core business of PayDay Advances.
Matrix still provides the backbone technology for Pinnacle's electronic
businesses. Both companies have agreed upon a long term technology
sharing agreement and an equity position for Pinnacle.
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.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Don Mandel, email, don_mandel@yahoo.com, or Cynthia Mandel,
both of Mandel Consulting, 954-973-3493, for Pinnacle Business
Management,
Inc.
WEB PAGE: swiftcash.net
GEOGRAPHY: Florida
INDUSTRY CODE: FIN
MLM
SUBJECT CODE: PDT
TNM
OTC
*** end of story *** |
