To: Dave Gore who wrote (4810 ) 1/28/1999 4:19:00 PM From: myturn Respond to of 15987
PCBM, news is out! Expect more positive develops coming from the company soon on creating a new Subsidiary that will be technology related. They are already in negotiations with a couple of companies. Look for the news on this soon. Thursday January 28, 3:32 pm Eastern Time Company Press Release Pinnacle Business Management Inc. Expands Locations As Part of Phase One Plan for 1999 CLEARWATER, Fla.--(BUSINESS WIRE)--Jan. 28, 1999--Fast Title Loans, Inc., a wholly owned subsidiary of Pinnacle Business Management (OTC Bulletin Board: PCBM - news; www.pcbm.com) announces it has entered into a binding letter of intent to purchase two additional check cashing locations. This purchase begins the first stage in the rapid expansion of Pinnacle's consumer lending divisions called Fast Title Loans Inc. and Fast Payday Advance, Inc. Fast Title Loans Inc., currently has numerous company-owned title loan stores in Florida. The two new locations will contribute approximately $300,000 net dollars for the first half of 1999. This expansion of the title loan division is an initial move to strengthen Fast Title Loans' market share and the company's long term strategy to become a lending leader. Pinnacle Busines Management's infrastructure plan for 1999 will includes the addition of 25 consumer lending stores in the southeast region of the United States. PCBM is aggressively pursuing numerous acquisitions and joint ventures in the 1st half of 1999. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the new uncertainty of future financial results, additional financing requirements, the impact of competitive products, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. Contact: Jeffrey Turino, CEO 800/475-1242 More Quotes and News: Pinnacle Business Mangement Inc (OTC BB:PCBM - news) Related News Categories: banking