NEWS FLASH !!!!!!!!!!!!!!!!!!!! PCBM
Check out Their news release this morning. These people are growing
rapidly and are tremendously undervalued at this point. They IPO ed
at $ 4.00 last summer and now they have strengthened their management
team. With the acquisition of this E-Commerce we should see $ 4.00
again. Their goal is also to get a NADSAQ listing. Float is very small so
this thing is going to run. It is being reccomended as well by the same
people who just recently brought us ETVL. Here it is.
To: RICE (150 )
From: Bird
Friday, Feb 19 1999 7:17AM ET
Reply # of 152
NEWS NEWS NEWS !!!!!!!!!!
Clearwater, Florida--(BUSINESS WIRE)--Feb. 19, 1999-- Pinnacle
Business Management, Inc. (OTC BB:PCBM – pcbm.com )
announced Friday that they have signed a definitive Letter of
Understanding which will allow the company to acquire Affirmative
Technologies Inc., a Florida company headquartered in Clearwater,
Florida.
ATI is a developer and provider of retail and E-Commerce cash
transaction management software and services. Affirmative Technologies
will become a wholly owned subsidiary of Pinnacle Business
Management, Inc. It will be responsible for software development,
licensing, customizing, and external and internal transaction management.
ATI has agreed to combine the contracts under negotiation and other
ongoing relationships into the new subsidiary. Terms of the agreement
were not disclosed.
"This key acquisition starts the second phase of our 1999 Strategic Plan,
which includes the development of a secured, full-scale transaction
management and branded Cash Card vehicle for our company. This will
enable us to better control future growth and achieve our goals. We will
become a fully integrated provider of alternative consumer cash
resources and a key provider of E-Commerce cash and checking
transaction services through expanding our location count, client base and
technology base both domestically and internationally," said Bruce Hall,
President of Pinnacle Business Management, Inc.
This new technology base takes advantage of the ongoing growth of
E-Commerce popularity and will enable purchasers to easily use personal
checks or Pinnacle's easily available, branded Cash Card on the Internet.
The realm of E-Commerce can then include consumers who cannot, do
not, or will not use Credit Cards for purchases. This proprietary
technology will also enable merchants to be paid faster, and goods will be
shipped sooner.
In Phase Three, Pinnacle Business Management, Inc. intends to
consolidate a fragmented industry with over 6,000 independent
companies into a cohesive, self-contained consumer cash resource. In
order to effect its growth strategies, Pinnacle Business Management, Inc.
is expanding its market penetration internationally through aggressive
pursuit of acquisitions, rollups, and affinity franchises. Announcements
regarding Phase Three and its details are scheduled for Second Quarter
1999.
Pinnacle Business Management, Inc. (OTCBB: PCBM –
pcbm.com) is a publicly traded holding company with a
limited public float. It operates through its subsidiaries Fast Title Loans,
Inc. and Fast Paycheck Advance, Inc. which are both consumer lending
divisions, and Summit Property Group, Inc., a commercial real estate
division. These divisions combine a strong asset base and a strong
consumer finance organization, which contribute to increased income and
shareholder wealth. Pinnacle Business Management, Inc. can be
described as being in the business of lending money on motor vehicle
titles and advancing small loans until payday, with an increasing position
in commercial real estate.
PCBM intends to become a reporting company this year. Growth plans
will continue to be financed through public and private sources.
Additional information is available through the company's web site or by
calling the contact below.
PCBM intends to become the premier facilitator of cash transactions
accessed or found through Internet portals, such as Yahoo
(Nasdaq:YHOO), Excite (Nasdaq:XCIT), Lycos (Nasdaq:LCOS) or
Infoseek (Nasdaq:SEEK) and shopping networks such as Amazon
(Nasdaq:AMZN), E-Bay (Nasdaq:EBAY), Dell Computer Corp.
(Nasdaq:DELL), Ticketmaster Online (Nasdaq:TMCS), Bid.com Inc.
(TSE:BII.TO), Onsale Inc. (Nasdaq:ONSL), Ubid Inc. (Nasdaq:UBID)
or USA Network Inc.'s Home Shopping Network. (Nasdaq:USAI).
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