Pinnacle Development Inc (fka PNCV)

[mmugzy]

Pinnacle Developments, Inc. -- Corporate Update and Acquisition

BELLINGHAM, Wash., Oct. 26, 2005 (PRIMEZONE) -- The management team of Pinnacle Developments, Inc. (Pink Sheets:PNCV) is pleased to report the following updates to investors.

Pinnacle Developments, Inc. is pleased to announce the acquisition of a hardwood lath importing business from Carl Baker, CEO of Pinnacle Developments, Inc. for 800,000 restricted common shares. These lath are manufactured in the Philippines utilizing low labor cost and high grade falcate lumber quality. Currently, the business is importing three container loads per month for sale into the British Columbia, Canada marketplace. Pinnacle's intention is to market directly to the major forest products companies in western Canada and the Pacific Northwest. This will move the net earnings for the three containers per month to $15,000 or $180,000 per year. The British Columbia market place can support 60 containers of lath per month and Pinnacle anticipates moving from a current three containers per month to 10 containers per month within the next 90 to 120 days with the objective to capture 30% of the market in the near term. Once the 10 containers per month is achieved, this may provide earnings of $50,000 per month or $600,000 on an annual basis. By securing 30% of the marketplace, Pinnacle may experience $90,000 in earnings per month or $1,080,000 per annum.

At the same time, management is in advanced stage negotiations with a major financial institution for the acquisition of the Ft. St. James mill in British Columbia, Canada. Once this process is finalized the company anticipates production and revenues to commence shortly afterwards.

The financials for Pinnacle Developments Inc. are currently being audited in preparation for SB2 disclosure application with the SEC for approval to move to the OTCBB. The audit is expected to be complete within the next two to three weeks.

Please visit the company's website http://www.pinnacledevinc.com/ for further information.

Certain statements contained herein are "forward looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.


CONTACT: Pinnacle Developments, Inc.
Investor Relations
[phone]

[kinger13]

PNCV DD & Links: http://pncvlinks.blogspot.com/

[kinger13]

Pinnacle Developments Inc. Announces its Intention to Expand Operations Into Specialty Wood Products Distribution.
http://biz.yahoo.com/pz/050825/84602.html

[kinger13]

Pinnacle Developments Inc. Announces Acquisition of Additional Timber Supplies
http://biz.yahoo.com/pz/050823/84392.html

[kinger13]

“China, the world's ninth largest importer of forest products is a primary focus of Pinnacle Products' export plans. China's forestry imports have doubled over the past decade with imports of round wood up 35%, softwood 60% and hardwood 400%.”

“The plan is to take advantage of the expanding global demand for value added softwood and hardwood products as well as softwood based construction materials. There is a growing demand for these products in Asia particularly India and China.”

http://www.pinnacledevinc.com/company.html

[CashFXGroupPowerTeam]

I am in at .15 will be holding for the moves to the higher listings. Easy money imho

[kinger13]

PNCV plans to file with the SEC by the fourth quarter of 2005-
http://biz.yahoo.com/pz/050818/84208.html

[kinger13]

PNCV is actively pursuing the following acquisitions.

1. A hardwood mill currently producing lumber for the U.S. market place. This acquisition would provide gains through the vertical and manufacturing integration. The mill is ideally located along the Fraser river in Mission, British Columbia and is situated on 9 acres of property.

2. A housing prefabrication company selling products in Canada and the United States. This prefabrication housing company is Vancouver, British Columbia fabricates house structures in an automated manufacturing process that reduces the cost of construction by 20-30%.

3. A timber harvesting division of small businesses sales along the coast of British Columbia and the interior.

4. Timber harvesting tenures of 500,000 m3 (damaged by pine beetle infestation) in the central interior of British Columbia to be processed into soft wood cants utilizing the micro mill concept. Cantech intends on using micro-mills at the logging site for processing wood fiber thus creating an inventory on demand cycle.

Investment Policies
Pinnacle will be actively investigating suitable opportunities to merge with or acquire existing operations to create a more fully integrated resource company. As a component of any acquisition, real estate may be purchased and used in the setup of milling operations where applicable. Land will be used to increase the productivity of milling sites.

From page 2 of the 15c2-011 Information Statement (6/30/2005)
http://www.pinksheets.com/quote/finance.jsp?symbol=PNCV

[kinger13]

Pinnacle Development Inc (PNCV.PK) DD & Links

PNCV Website- http://www.pinnacledevinc.com/index.php

PNCV Headlines- http://finance.yahoo.com/q/h?s=PNCV.PK

PNCV Financials- http://www.pinksheets.com/quote/finance.jsp?symbol=PNCV

Correct Share Structure as of 6/30/2005-
100,000,000 Authorized Common Shares
29,574,123 Outstanding Common Shares
7,680,790 Free Trading