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Microcap & Penny Stocks : PCBM - MASSIVE EXPANSION IN A 2 BILLION DOLLAR INDUSTRY -- Ignore unavailable to you. Want to Upgrade?

To: callme who wrote (592)	3/16/1999 12:36:00 PM
From: tahoeman	Read Replies (1) \| Respond to of 2406

NEWS OUT!!!!.... biz.yahoo.com Tuesday March 16, 12:05 pm Eastern Time Company Press Release Pinnacle Business Management, Inc. Receives Bridge Financing Funding of 1999 Growth Plan Nears Completion CLEARWATER, Fla.--(BUSINESS WIRE)--March 16, 1999--Pinnacle Business Management, Inc. (OTC BB:PCBM) (http://www.pcbm.com) announced Tuesday that they have received the first tranche of a series from private capital resources. The financing was arranged as Pinnacle nears completion of multimillion dollar funding from several major financial sources. Eric Bauchman, a private investment banking and management consultant based in Mission Viejo, CA who specializes in working with small, high-growth companies, arranged the Bridge Financing for PCBM in anticipation of several imminent major funding commitments. The financing will empower Pinnacle Business Management, Inc. to begin full execution of its 1999 Growth Plan as outlined in their Press Release of February 19, 1999. ''These and other financial commitments should clarify any questions regarding the viability of Pinnacle Business Management as well as its ambitious agenda. The positive interim funding decision was the result of a combination of intense Due Diligence, the soundness of the PCBM strategic plan and the professionalism displayed by management and the PCBM team,'' said Eric Bauchman. ''With this key financing in place, and more to follow we anticipate our 1999 Strategic Plan will be fully funded shortly. Pinnacle Business Management can now work its Plan without distractions. Our plan is to systematically achieve our corporate goals and control growth in order to succeed as a stronger, more profitable company. As mentioned in our last Press Release, we are well on our way to becoming a fully integrated provider of alternative consumer cash resources and major provider of E-Commerce cash and checking transaction services. We are on the move and gaining momentum daily,'' said Bruce Hall, President of Pinnacle Business Management, Inc. Announcements and further details regarding additional funding, proprietary software and services, and detailed information about the franchising rollout are planned for March and April. Pinnacle Business Management, Inc. is in the process of consolidating 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 strategic acquisitions, rollups, and affinity franchising. Pinnacle Business Management, Inc. (OTC BB: PCBM) is a publicly traded holding company with a small public float. Additional information is available by calling Pinnacle's Corporate Offices. 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. PCBM intends to become a reporting company by the end of second quarter 1999. Growth plans will continue to be financed through public and private sources. Additional information is available through the company's web site at pcbm.com or by calling the contact below. 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. Contact: Peter Reinholt, Business Development Department Pinnacle Business Management, Inc. Phone: 727/669-7781 Address: 2963 Gulf to Bay Blvd., Suite 265 - Clearwater Florida 33759 Key Words: banking finance E-Commerce franchise consumer cash -------------------------------------------------------------------------------- Contact: Pinnacle Business Management Inc., Clearwater Peter Reinholt, 727/669-7781