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To: Sam LBI nj who wrote (28054)5/13/1999 11:33:00 AM
From: FREAKAZOID  Read Replies (2) | Respond to of 44908
 
Now this is class..read what this company is doing for their shareholders. Notice how they say..our feeling is that the stock is undervalued..so it is a good investment to buy it back..read on.

Clearwater, Florida--(BUSINESS WIRE) - May 13, 1999 – Pinnacle Business Management, Inc. (OTC BB:PCBM) (http://www.pcbm.com) announced Thursday its Board of Directors approved a Stock Repurchase Plan under which PCBM is authorized to repurchase up to 20% of its current outstanding shares over the next nine months. The repurchases will be made mainly via the open market public float as well as in private transactions.

The primary intent of the repurchase program is to offset dilution associated with recent financing and acquisitions as well as proposed employee stock purchase and stock option plans. In issuing this announcement, the Board of Directors expressed confidence in the future direction of Pinnacle Business Management, Inc.

"Considering current market prices and our analysis of trading activity in our stock, we believe PCBM is undervalued and the repurchase program is a good investment of available funds. With PCBM's strong Strategic Plan and its funding continuing at or ahead of schedule, the stock repurchase program presents an ideal opportunity to enhance shareholder value at this point in time," said Bruce Hall, President of Pinnacle Business Management.

PCBM intends to apply to become a reporting company this quarter and plans to qualify for a NASDAQ Small Cap listing by the end of this fiscal year. Growth plans will continue to be financed through public and private sources. Additional information is available through the company's investor web site

freak!!