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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000607/0001015402-00-001640/0001015402-00-001640.txt : 20000919
<SEC-HEADER>0001015402-00-001640.hdr.sgml : 20000919
ACCESSION NUMBER: 0001015402-00-001640
CONFORMED SUBMISSION TYPE: S-8
PUBLIC DOCUMENT COUNT: 4
FILED AS OF DATE: 20000607
EFFECTIVENESS DATE: 20000607

FILER:

COMPANY DATA:
COMPANY CONFORMED NAME: MAS ACQUISITION XIX CORP
CENTRAL INDEX KEY: 0001093989
STANDARD INDUSTRIAL CLASSIFICATION: [9995
] IRS NUMBER: 911871963
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
</COMPANY-DATA>

FILING VALUES:
FORM TYPE: S-8
SEC ACT:
SEC FILE NUMBER: 333-38774
FILM NUMBER: 650915
</FILING-VALUES>

BUSINESS ADDRESS:
STREET 1: 2963 GULF TO BAY BOULEVARD
STREET 2: SUITE 265
CITY: CLEARWATER
STATE: FL
ZIP: 33759
BUSINESS PHONE: 8136697781
</BUSINESS-ADDRESS>

MAIL ADDRESS:
STREET 1: 1710 E DIVISION ST
CITY: EVANSVILLE
STATE: IN
ZIP: 47711
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>



As Filed With The Securities And Exchange Commission on March 28, 2000

REGISTRATION NO. 333-
-------------


U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------

FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
--------------------

PINNACLE BUSINESS MANAGEMENT, INC.
(Exact Name of Registrant as Specified in Its Charter)



NEVADA 91-1871963
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)



2963 Gulf to Bay Boulevard, Suite 265
Clearwater, Florida 33759
(Address of Principal Executive Offices, Including Zip Code)

Consulting Agreement
(Full Title of the Plan)
--------------------

Jeffrey G. Turrino
2963 Gulf to Bay Boulevard, Suite 265
Clearwater, Florida 33759
(727) 669-7781
(Name, Address, and Telephone Number of Agent for Service)


CALCULATION OF REGISTRATION FEE


<TABLE>
<CAPTION>
==============================================================================
Title of Amount to be Proposed Maximum Proposed Maximum Registration
Securities Registered Offering Price Aggregate Fee
per Share (1) Offering Price
- ------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common
Stock 10,920,024 $ 0.15 $ 1,638,003 $ 470.11
==============================================================================
(1) Estimated solely for the purpose of computing the amount of
the registration fee pursuant to Rule 457(c) based on the
closing bid price on April 5, 2000.
</TABLE>


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<PAGE>
EXPLANATORY NOTE

Pinnacle Business Management, Inc., ("PCBM") has prepared this Registration
Statement in accordance with the requirements of Form S-8 under the Securities
Act of 1933, as amended (the "1933 Act"), to register certain shares of common
Stock, $.001 par value per share, issued to certain selling shareholders.

Under cover of this Form S-8 is a Reoffer Prospectus PCBM prepared in accordance
with Part I of Form S-3 under the 1933 Act. The Reoffer Prospectus may be
utilized for reofferings and resales of up to 10,920,024 shares of common stock
Acquired by the selling shareholders.


2
<PAGE>
PART I

INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

PCBM will send or give the documents containing the information specified in
Part 1 of Form S-8 to employees or consultants as specified by Securities and
Exchange Commission Rule 428 (b) (1) under the Securities Act of 1933, as
amended (the "1933 Act"). PCBM does not need to file these documents with the
Commission either as part of this Registration Statement or as prospectuses or
Prospectus supplements under rule 424 of the 1933 Act.


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<PAGE>
REOFFER PROSPECTUS

PINNACLE BUSINESS MANAGEMENT, INC.
2963 GULF TO BAY BOULEVARD, SUITE 265
CLEARWATER, FLORIDA 33759
(727) 669-7781

10,920,024 SHARES OF COMMON STOCK


The shares of common stock,$0.001 par value per share, of Pinnacle Business
Management, Inc. ("PCBM", "Pinnacle, or the "Company") offered hereby (the
"Shares") will be sold from time to time by the individuals listed under the
Selling shareholders section of this document (the "Selling Shareholders"). The
Selling Shareholders acquired the Shares pursuant to Consulting Agreements for
consulting services that the Selling Shareholders provided to PCBM.

The sales may occur in transactions on the OTC Bulletin Board market at
prevailing market prices or in negotiated transactions. PCBM will not receive
Proceeds from any of the sale the shares. PCBM is paying for the expenses
incurred in registering the Shares.

The Shares are "restricted securities" under the Securities Act of 1933 (the
"1933 Act") before their sale under the Reoffer Prospectus. The Reoffer
Prospectus has been prepared for the purpose of registering the Shares under the
1933 Act to allow for future sales by the Selling Shareholders to the public.
The securities being registered are subject to the limitations imposed by Rule
144(e) on the sale of shares on the open market. To the knowledge of the
Company, the Selling Shareholders have no arrangement with any brokerage firm
For the sale of the shares. The Selling Shareholders may be deemed to be an
"underwriter" within the meaning of the 1933 Act. Any commissions received by a
broker or dealer in connection with resales of the Shares may be deemed to
be underwriting commissions or discounts under the 1933 Act.

PCBM'S common stock is currently traded on the OTC bulletin Board under
the symbol "PCBM."

------------------------

This investment involves a high degree of risk. Please see "Risk Factors"
beginning on page 17.


NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED WHETHER
THIS REOFFER PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
------------------------

APRIL 4, 2000


4
<PAGE>
TABLE OF CONTENTS


Where You Can Find More Information 5
Incorporated Documents 5
The Company 7
Risk Factors 17
Use of Proceeds 20
Selling Shareholders 21
Plan of Distribution 21
Legal Matters 22
Experts 22

------------------------

You should only rely on the information incorporated by reference or provided in
this Reoffer Prospectus or any supplement. We have not authorized anyone else
to provide you with different information. The common stock is not being
offered in any state where the offer is not permitted. You should not assume
that the information in this Reoffer Prospectus or any supplement is accurate as
of any date other than the date on the front of this Reoffer Prospectus.

WHERE YOU CAN FIND MORE INFORMATION

PCBM is required to file annual, quarterly and special reports, proxy statements
and other information with the Securities and Exchange Commission (the "SEC") as
required by the Securities Exchange Act of 1934, as amended (the "1934 Act").
You may read and copy any reports, statements or other information we file at
the SEC's Public Reference Rooms at:

450 Fifth Street, N.W., Washington, D.C. 20549;
Seven World Trade Center, 13th Floor, New York, N.Y. 10048

Please call the SEC at 1-800-SEC-0330 for further information on the Public
Reference Rooms. Our filings are also available to the public from commercial
document retrieval services and the SEC website (http://www.sec.gov).

INCORPORATED DOCUMENTS

The SEC allows PCBM to "incorporate by reference" information into this Reoffer
Prospectus, which means that the Company can disclose important information to
you by referring you to another document filed separately with the SEC. The
information incorporated by reference is deemed to be part of this Reoffer
Prospectus, except for any information superseded by information in this Reoffer
Prospectus.


5
<PAGE>
PCBM's Report on Form 8-K, dated March 6, 2000 is incorporated herein by
reference. PCBM also incorporates herein by reference the Form 10-SB, as
amended, filed by MAS Acquisition XIX Corp., the Company's predecessor,
originally filed on August 31, 1999. In addition, all documents filed or
subsequently filed by the Company under Sections 13(a), 13(c), 14 and 15(d) of
the 1934 Act, before the termination of this offering, are incorporated by
reference.

The Company will provide without charge to each person to whom a copy of this
Reoffer Prospectus is delivered, upon oral or written request, a copy of any or
all documents incorporated by reference into this Reoffer Prospectus (excluding
exhibits unless the exhibits are specifically incorporated by reference into the
information the Reoffer Prospectus incorporates). Requests should be directed to
the Chief Financial Offer at PCBM at PCBM's executive offices, located at 2963
Gulf to Bay Boulevard, Suite 265, Clearwater, FL 33759. PCBM's telephone number
is (727) 669-7781.


6
<PAGE>
THE COMPANY

BUSINESS

This Reoffer Prospectus contains certain forward-looking statements within the
meaning of the federal securities laws. Actual results could differ materially
from those projected in the forward-looking statements due to a number of
factors, including those set forth under "Risk Factors" and elsewhere in this
Reoffer Prospectus.

SUMMARY

Pinnacle Business Management Inc. ("PCBM", Pinnacle" or the "Company") is a
holding company with two subsidiaries actively engaged in consumer lending and
deferred deposit services. Pinnacle is a Nevada corporation chartered in May
1997.

Originally, Pinnacle was a wholly owned subsidiary of 300365 BC, Ltd. d/b/a
Peakers Resources Company, a Canadian corporation ("Peakers"). Peakers was
organized in 1986 to conduct mining operations, but never actively engaged in
business. On May 15, 1997, the shareholders of Peakers agreed to exchange all
the shares of the Peakers with the shares of the Company on a share-for-share
basis. Peakers became inactive and its business was wound up. United States
residents now own the majority of Pinnacle's shares.

In 1997, Pinnacle acquired Fast Title Loans, Inc.("Fast Title"). It did so by
forming JTBH Corporation, a wholly owned subsidiary, which merged with Fast
Title on a share for share basis. Fast Title was the surviving entity and is now
a wholly owned subsidiary of Pinnacle.

Fast Title is a consumer lender chartered in Florida in April, 1996. It makes
relatively short term loans on the basis of a security interest in vehicle
titles.

In 1998, Pinnacle formed Fast PayCheck Advance of Florida, Inc.("Fast
PayCheck"), also a wholly owned subsidiary. Fast PayCheck is a Florida
corporation. Fast Paycheck offers deferred deposit services to individual
customers who find it difficult to obtain credit.

In 1998, Pinnacle formed Summit Property, Inc. ("Summit Property"), a Florida
corporation. Summit Property is inactive.

Effective March 6, 2000, Pinnacle acquired MAS Acquisition XIX Corp. ("MAS XIX")
by exchanging 1,525,000 shares of Pinnacle stock for substantially all of the
outstanding shares of MAS XIX. As a result, MAS XIX is a subsidiary of Pinnacle.
It is not actively engaged in business.

BUSINESS OF THE ISSUER
Pinnacle is a Company in transition. In the past, Fast Title, its consumer
lending subsidiary, has generated all of its revenues. Fast Title lends money
short-term, secured by the borrower's vehicle title. Certain local ordinances
recently enacted create a hostile environment for the title loan business. As a

7
<PAGE>
result, the Company plans to discontinue its efforts to expand the Fast Title
business. It plans, instead, to concentrate on the Fast PayCheck business and
its potential for growth.

Fast PayCheck offers payday deferred deposit services to individuals. The
maximum amount of a deferred deposit is $500. The Company has recently signed an
agreement to offer Fast PayCheck services through Mail Boxes Etc. USA, Inc.
stores ("MBE Agreement"). Management is very optimistic about the potential for
growth in this business endeavor. Operations are expected to render a yield to
the Company, which should grow conservatively for several years into the future.
Mail Boxes Etc. USA, Inc. ("MBE") has over 3000 locations in the United States.
Locating in even a fraction of these stores could greatly expand the business of
Fast PayCheck.

Illustrated below is an estimate of the percentage of total revenue contributed
to Pinnacle by Fast Title operations compared to Fast PayCheck operations;

<TABLE>
<CAPTION>
<C> <S> <C> <C>
1997 Fast title = 100% Fast PayCheck = 0%
1998 Fast title = 99% Fast PayCheck = 1%
1999 Fast title = 95% Fast PayCheck = 5%
</TABLE>

In 1999, the Company has spent approximately $100,000 on new proprietary
software to process its payday deferred deposit operations. This system also
services the title loan business; it accepts and processes all information
necessary for Pinnacle's bookkeeping system.

These costs are incurred at the same time the cash flow from Fast Title is
decreasing. Management believes that any negative impact on revenues will be
temporary. Net income should increase as the new operations begin generating
revenues.

Fast Title

Fast Title loans money on motor vehicle titles. It markets loans to individuals
and businesses with poor or non-existent credit. Fast Title provides fast
access to short-term cash loans. Borrowers pledge the title of their vehicle as
collateral. The Company will not accept a vehicle as collateral unless there
are no other outstanding liens on the vehicle. No credit checks on the
individual are required. The individual generally retains the use of his
vehicle during the loan period.

Loan amounts are generally less than 40% of the blue book value of the
collateral. The maximum interest rate is 22% per month, the maximum allowed by
Florida law. The average net yield to the Company is 12%. The average loan is
$500.00. The average term of a loan is four months, but the term may extend to
a year. In Florida, the law provides that a creditor may keep any surplus
realized from the repossession and the sale of the vehicle. Fast Title, however,
does not repossess vehicles on a regular basis. It is the policy of the


8
<PAGE>
Company to repossess only if there is no activity on the account for 60 days,
and only after efforts are made to secure repayment of the loan. In 1999, Fast
Title netted approximately $1,200 from the sales of repossessed vehicles.

Fast Title recently consolidated its eight store front locations, and now
markets its services through six store locations, telephone solicitation and
newspaper and Yellow Pages advertisements. Management plans to keep the six
store locations open but does not intend to open any more stores. Fast Title
holds a consumer lending license from the State of Florida pursuant to Florida
Statutes Chapter 538. This license requires Pinnacle to register and pay a fee
for each location. Pinnacle is subject to the pawn broker laws of Florida.

Fast Title Competition

Fast Title's primary competitor is Florida Title Loans, Inc.("Florida Title").
Florida Title has 300 locations in the Southeast and has a long operating
history. Florida Title has a loan to value ratio of 33% of the wholesale value
of the collateral. Fast Title has a loan to value ratio of up to 50% of the
wholesale value of the collateral. Fast Title therefore competes with the
larger distribution base by attracting a wider market.

Fast Title's second major competitor is Speedy Cash. Speedy Cash has
approximately 200 locations. Speedy Cash is located in the states of Florida,
Georgia, Mississippi, South Carolina and North Carolina. Management believes
that it effectively competes with Speedy Cash. The presence of these competitor
companies is favorable for Fast Title. These companies advertise heavily. This
publicity educates consumers about the title loan method of borrowing cash.
Fast Title to some extent experiences the same seasonal fluctuations that any
consumer lending facility would experience. It may experience a slight increase
in business during the Christmas season, for example. It is not, however,
considered a seasonal business. Any such fluctuations are relatively minor and
are not considered by Management in the overall planning and budgeting for the
Company.

Fast PayCheck

Fast PayCheck offers deferred deposit services to individuals with poor or
non-existent credit or who need short-term financing. Fast PayCheck provides
fast access to short-term cash. Customers complete an application. If accepted,
the customer writes a post-dated personal check to Fast PayCheck. Fast PayCheck
then issues the customer a debit card. Pinnacle holds the personal check until
the customer's payday, and then electronically debits the individual's bank
account. The transaction is considered an exchange of a payment instrument for a
payment instrument. As a result, Fast PayCheck is not considered a paycheck
lender, but a money transmitter. No credit checks on the individual are
required.

Fast PayCheck charges the customer a fee of 10% of the check amount and a $5
transaction fee. The maximum amount of a loan is $500.00. The average loan is
$200. The maximum term of a loan is two weeks. The Company receives an average
return of 25% per month on these transactions.


9
<PAGE>
Pinnacle has a contract with Comdata Network, Inc. d/b/a Comdata
Corporation ("Comdata") and Master Card to issue the borrower the pre-credited
private label debit card for the amount of the personal check minus the fees
charged. Distribution of funds to the customer is only made through this debit
card system. This insures maximum security at the store locations by
eliminating the need for each store to carry large amounts of cash. The Company
keeps a bank account by agreement with Master Card. This account generally keeps
a balance of up to $50,000. Purchases made by a customer's use of the debit
card are deducted from Pinnacle's Master Card cash account. If Pinnacle does not
keep sufficient cash in the account, Master Card will not honor debit card
purchases.

Pinnacle also has a remarketing agreement with Comdata. This allows Pinnacle to
offer the card to its competitors and receive transactional revenue from the
card usage. At the present time, the Company receives little income from this
agreement. Pinnacle also receives recurring revenue through a per transaction
fee associated with the customer's use of the Fast PayCheck debit card.

In third quarter 1999, Fast PayCheck and Pinnacle signed a three year contract
with MBE to offer Fast PayCheck services in MBE locations throughout the United
States. MBE is a franchiser of retail outlets ("MBE Centers") which provide a
variety of postal, business and communication services to businesses and the
general public. Through this Agreement, Fast PayCheck may offer its services in
any participating MBE Centers. To participate, an individual franchisee must
agree to offer Fast PayCheck services in their MBE Center. The MBE Agreement
carries an option to renew upon terms agreed to by MBE, Pinnacle and Fast
PayCheck.

Under the terms of the MBE Agreement, customers complete the application and
provide it to MBE personnel. MBE Centers fax the documents to Pinnacle's call
center and distribute a card to the borrower at the MBE location. MBE is paid
$3.50 per transaction. Management intends the call center to receive the fax
application from the MBE centers, qualify the application, enter the customers
information into the computer, re-fax the approval or denial and activate the
debit card for the customer.

Currently, Fast PayCheck offers its services in Fast Title and Florida MBE
Center locations. Pinnacle intends to expand into a multi-state operation in the
year 2000 offering services in MBE Centers. By the end of 2001, Management
plans to expand into every MBE location in states with laws favorable to the
provisions of Fast PayCheck services. Several states have usury laws, for
example, that would prohibit Fast PayCheck practices. Management estimates that
as many as 2800 MBE stores are located in favorable states. At this time,
Pinnacle has applied for the appropriate licenses in Idaho, Missouri, Utah and
Indiana.


10
<PAGE>
Fast PayCheck holds a license from the State of Florida Department of Banking
and Finance pursuant to the provisions of Florida Statutes 560.200 through
560.213.

Fast PayCheck Competition

Fast PayCheck competes with paycheck lenders and check cashers. Its largest
competitor is Ace Check Cashing. Ace has approximately 1,800 locations
throughout the United States. However, Ace cashes checks. Fast PayCheck can
offer a customer the use of funds before the paycheck is actually deposited.
Therefore, Ace's competitive effect is minimal.

Several companies offer payday advance loans. These companies are considered
lenders and must comply with consumer lending laws to a greater extent than Fast
PayCheck. These companies have received a great deal of negative press because
they will "roll" the loaned amount into a greater loan term with the payment of
additional fees. Many customers find themselves having to borrow against their
paycheck in this manner every pay period. Fast PayCheck will not roll any
amounts forward. Fast PayCheck will not credit the debit card unless all prior
amounts have been paid through the electronic debit. As a result, a true
comparison of Fast PayCheck and traditional paycheck advance
lenders cannot be made.

Fast PayCheck's payday advance business has not operated for a full fiscal year.
Presently, Management does not know whether Fast PayCheck's business will be
seasonal in nature. Management anticipates a small increase in business during
the Christmas season as individuals need cash to meet holiday expenses.

EMPLOYEES

Pinnacle has four full time employees. Fast Title employs 11 people. Of the
Fast Title employees, eight manage the stores and three are administrators in
the corporate office.

Fast PayCheck currently employs 15 people. Currently, ten employees operate the
call center. Management is currently hiring more employees to man the call
center. More people will be added as additional business is added from the MBE
Agreement. At this time, it is not possible to estimate the amount of business
the MBE Agreement will generate or the resulting number of employees needed by
Fast PayCheck.

Both Michael Bruce Hall and Jeff Turino have employment agreements with the
Company.

REGULATIONS

GENERAL. The Company is, or expects to be, subject to regulation in several
jurisdictions in which it operates, including jurisdictions that regulate check
cashing fees, or require the registration of check cashing companies or money
transmission agents. The Company is also subject to regulation in jurisdictions
where it offers title loans. In addition, Pinnacle is subject to federal and

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<PAGE>
state regulation relating to the reporting and recording of certain currency
transactions.

STATE REGULATIONS. Florida law requires licensing and regulates check cashing
fees. The ceiling on fees is in excess or equal to the fees charged by the
Company.

As the Company's operations expand, check cashing fee ceilings in additional
jurisdictions could have an adverse effect on the Company's business. Existing
fee ceilings could restrict the ability of the Company to expand its operations
into certain states.

The Company must be licensed as a check casher in all jurisdictions in which it
offers payday deferred deposit services and must comply with the regulations
governing those services. In addition, in some jurisdictions, check cashing
companies or money transmission agents are required to meet minimum bonding or
capital requirements and are subject to record-keeping requirements.

FEDERAL REGULATIONS. The Money Laundering Suppression Act of 1994 added a
section to the Bank Secrecy Act requiring the registration of businesses, like
the Company, that engage in check cashing, currency exchange, money
transmission, or the issuance or redemption of money orders, traveler's checks,
and similar instruments. The purpose of the registration is to enable
governmental authorities to better enforce laws prohibiting money laundering and
other illegal activities. The registration requirement was suspended pending
the adoption of regulations implementing the statute, and in May 1997, the
Financial Crimes Enforcement Network of the Treasury Department ("FinCEN")
proposed regulations for comment. In August 1999, FinCEN announced the adoption
of final implementing regulations, effective September 20, 1999. The
regulations require "money services businesses" to register with the Treasury
Department, by filing a form to be adopted by FinCEN, by December 31, 2001, and
to re-register at least every two years thereafter. The regulations also
require that a money services business maintain a list of names and addresses
of, and other information about, its agents and that the list be made available
to any requesting law enforcement agency (through FinCEN). That agent list must
first be maintained by January 1, 2002, and must be updated at least annually.
Though FinCEN must adopt further regulations and procedures to more fully
implement these requirements, based on the newly adopted regulations, management
of the Company does not believe that compliance with these requirements will
have any material impact on the Company's operations.

In November 1999, the Federal Reserve Board proposed new regulations that would
include "payday loans" as credit for purposes of the federal Truth in Lending
Act. The Company's lending activities may be subject to the new regulations, if
the Company's activities are included in the definition of payday lending. The
proposed regulations require that payday lenders clearly disclose the interest
rate of the loan, calculated on an annual basis, to consumers applying for
credit. The Company expects that the effect of the proposed regulations on the
company will be minimal because Florida law already requires such disclosures,
and the Company complies. The regulations, if adopted, would become effective
October 1, 2000. Compliance with the proposed regulations is optional until that
date.


12
<PAGE>
To the extent that use of the debit card falls within the Electronic Funds
Transfer Act, Federal Reserve Board Regulation E will apply to Fast PayCheck
transactions. These govern electronic funds transfers ("EFT") between customer
accounts. Primarily, the Act and regulation: (1) require EFT merchants to
provide customers with certain disclosures, (2) detail the circumstances under
which an EFT merchant may issue a card, (3) limit a customer's liability for a
lost or stolen card, and (4) require EFT merchants to follow certain dispute
resolution procedures.

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Management's discussion is based on an analysis of the audited year end
financial statements for 1997 and 1998, and unaudited financial statements for
year end 1999.

Plan of Operation

Operating expenses for the Company are approximately $1,100,000 annually.
Management expects that expenses will be greater in the near future, due to the
costs of expansion of Fast PayCheck services.

The Company has suffered substantial net operating losses in each of 1997 and
1998. Management expects audited 1999 financial statements to also indicate a
net loss. In addition, the Company has a $100,000 note payable with an investor
that expired May 14, 1999. The investor has not yet called this loan. There is
no agreement as of yet to the terms of a possible reinstatement. Moreover, the
Company has approximately one million dollars in debt that will mature between
February 28, 2000 and December 31, 2000. At this time, it is unlikely that the
Company will have adequate capital available to repay the debt. If these loans
are called, the Company's financial condition will be further negatively
impacted. The Company is also defending various lawsuit claims which, if lost,
would negatively impact the Company. Even if the outcome is positive, the cost
to the Company in legal fees and employees' time is substantial.

To meet these needs over the next twelve months, Management is pursuing both the
reduction of debt and the increase of revenue. The Company is negotiating with
investors to either extend the existing obligations or convert the debt to
equity. Additionally, Management is vigorously defending the lawsuits that have
been filed. Management believes that the Company is entitled to certain offsets
against the claims in litigation. Further, Management is seeking an alliance
partner or banking institution that could offer long-term debt to carry the
expenses of the Company until revenues are increased.


13
<PAGE>
At the same time, Management expects revenues to increase as the MBE Centers
begin processing Fast PayCheck services. Any increase will be affected by the
length of time it takes to complete the licensure process in each state, and the
agreement of each of the franchisees to start servicing Fast PayCheck customers.
The number of customers who participate at each location will also affect any
increase.

Further, future income could be severely affected by new federal laws, various
state laws and/or local ordinances that Fast PayCheck may encounter. For
example, should federal interest rates continue to rise, the cost of funds to
Fast PayCheck may increase. State usury laws may limit any increase Fast
PayCheck can pass through to its customers. This could effectively reduce Fast
PayCheck's margin and therefore reduce revenues.

Past and Future Financial Condition

Total Assets of the Company are $1,426,508 at year end 1997; $1,606,122 at year
end 1998, and $1,749,799 at year end 1999. The slight increase is attributable
primarily to the acquisition of computer equipment and software. The deferred
tax benefit realized in 1998 and 1999 accounts for the increase as well.
Liabilities, however, have substantially increased from $1,724,497 at year end
1997 to $2,033,959 at year end 1998, and $2,078,376 at year end 1999. The
increase is due in large part to maturing long term debt. This results in a
current stockholders' deficit as reflected in the financial statements.
Management cautions that the current financial condition of the Company will
continue in its weak condition until and unless the business envisioned in the
MBE Agreement materializes.

Results of Operations

Revenue has decreased from $1,459,026 at year end 1997 to $633,478 year end
1998. In 1999, Management estimates revenue of $409,341. This is due to the
loss of business experienced by Fast Title. Unfortunately, operating expenses
continue to increase over the same time period, from $1,063,372 year end 1997 to
$1,101,311 year end 1998. In 1999, year end operating figures are estimated to
be $1,553,392. The amount of expenses is reasonable considering the expansion
and litigation expenses the Company has borne. As a result, Management believes
that the financial condition of the Company will improve substantially by 2002.

Liquidity

Maintaining sufficient liquidity is a material challenge to Management at the
present time. The Company has customer loans receivable of $1,001,658 in 1997;
$804,708 in 1998; and $839,851 in 1999. With the application of net allowance
for doubtful accounts, this results in a net loans receivable of $870,965 in
1997; $743,877 in 1998; and $831,268 in 1999. Further, the Company owns a note
receivable dated December 29, 1997 for $25,000 with 18% per annum interest. The
principal balance and accrued interest is due and payable on the earlier of (1)
a private placement being completed in whole or part including but not limited
to, any escrow disbursements of any funds to the maker, or (2) March 27, 2000.
There are no payments received in 1997, 1998, or 1999.


14
<PAGE>

In August 1999, the Company secured a national contract with Comdata. This
contract allows the distribution of the Fast PayCheck debit card at the point of
sale locations. As a result, the Company is in negotiation with its competitors
to allow them to use the debit card system. This may generate revenue on a
broader basis and increase Company value.

Capital Expenditures

The Company is engaged in consumer finance and electronic technology
development. As a result, capital expenditures are not substantial. The
facilities are leased. Property and equipment net costs are $70,902 in 1997,
$101,761 in 1998, and $169,417 in 1999. This represents approximately 6% of
total operating expenses in 1997; 9% in 1998, and 10% in 1999. Substantially all
of the value of the Company is not in physical assets but in the ongoing
operations of the Company. Should the Company be liquidated, there are few
assets to distribute to creditors or shareholders.

Non-cancelable lease commitments run until 2002. The total amount due under the
lease terms, however, for 2000 is $37,373. Rent and related expenses under
operating leases amount to $110,923 for 1997; $83,792 for 1998, and $167,641 for
1999. The Company is operating various locations on a month to month basis.

Litigation

The Company is in the process of settling litigation involving a claim in
Bankruptcy by First American Reliance, Inc. against the Company for $800,000
including 9% interest, for amounts loaned and advanced by First American
Reliance, Inc. The Company had asserted a defense and set off alleging monies
due to Pinnacle from stock subscriptions in 1998, which were never turned over
to the Company. Pinnacle accrued a liability for $538,276 in 1998 and $355, 755
in 1997, respectively. The financial condition of the Company will benefit
greatly from settlement of the suit without liability to the Company.

Tyler Jay & Company, L.L.C. and First American Reliance, Inc.
- ----------------------------------------------------------------------

The first proceeding regarding Tyler Jay is an adversary proceeding brought by
the Trustee in Bankruptcy of First American Reliance, Inc.("the Debtor") in the
United States Bankruptcy Court, Western District, New York, BK Case No.
98-23906, AP No 99-2186, entitled Douglas J. Lustig, as Trustee v. Pinnacle
Business Management, Inc., and Fast Title Loans, Inc. The trustee is seeking to
recover purported loans from the Debtor to Fast Title and/or Pinnacle, in a sum
of approximately $800,000. An answer to the suit has been filed and the parties
are currently in the discovery process. Management has agreed to determine the
actual amount of the loans against proceeds of a private placement diverted by
the Debtor's principal using a separate corporation. Management believes that
the setoff for funds diverted during the private placement will equal or exceed
the amounts loaned to Fast Title.

In the second proceeding, Pinnacle and Fast Title Loans are defendants in a
pending civil action instituted in 1999, in Erie County, New York, entitled
Tyler Jay & Company, L.L.C. v. Fast Title Loans, Inc. and Pinnacle Business
Management, Inc., Index No. I-1999/5697. Plaintiffs asserts a claim for fees


15
<PAGE>
and commissions arising from loans made by the Debtor in the previously
described adversary proceeding and sums lost by Tyler Jay allegedly because
Tyler Jay was not permitted to conduct the private placement noted above. Tyler
Jay claims that it is owed certain monies and stock options, which damages are
allegedly in excess of $600,000. Fast Title and Pinnacle have filed a motion to
dismiss the case alleging that the New York courts do not have jurisdiction over
them in this matter. They have also asserted that Tyler Jay is not entitled to
recovery since the agreed-upon services were not provided. Moreover, Fast Title
and Pinnacle have filed a counterclaim seeking $34,000, the sum paid to Tyler
Jay, on the basis that Tyler Jay's fraudulent representations and breach of
fiduciary duty damaged them.

Peter Polland and Euro Products
- -----------------------------------

By letter dated October 14, 1999, addressed to Fast Title and Pinnacle, a law
firm representing Peter Pollard and Euro Products Limited demanded payment of
the sum of $300,000 with accrued interest for default in payment obligations
relating to certain business arrangements. These obligations are evidenced in a
promissory note in the principal amount of $300,000 dated June 28, 1999,
executed by Pinnacle in favor of Euro Products Limited. Fast Title is neither a
party to nor a guarantor of the promissory note. The demand was reduced to
$200,000 by reason of a payment of $100,000 that was made. Pinnacle's counsel
responded to said demand by letter dated November 5, 1999, which proposed a
schedule as to payment by Pinnacle of the $200,000 outstanding balance owing
under the note. As of the date hereof, Peter Pollard and Euro Products have not
responded, in writing or otherwise. Neither Pinnacle nor Fast Title has been
served with citation of a lawsuit.

Acquisition of MAS XIX Consulting Agreement

On March 3, 2000 the Company entered into a consulting agreement between the
Company and the following individual professional persons who acted as
consultants to the Company: M. Richard Cutler, Brian A. Lebrecht, Vi Bui, James
Stubler, and Samuel Eisenberg for services involving consultation, advice and
counsel with respect to the negotiation and completion of the stock exchange
between Pinnacle and MAS XIX. In addition to cash compensation, the agreement
calls for issuance of a total of 1,500,000 shares of Pinnacle to be issued to
the consultants together with an obligation for the Company to register such
shares on Form S-8.

Property

The Company lease certain office space and store front facilities. It has made
no investments in real estate, real estate mortgages, or securities or interest
in persons primarily engaged in real estate activities. There is no plan to do
so in the future.


16
<PAGE>

RISK FACTORS

In this section we highlight some of the risks associated with our business and
operations. Prospective investors should carefully consider the following risk
factors when evaluating an investment in the common stock offered by this
Reoffer Prospectus.

RISKS RELATED TO OUR BUSINESS

YOU MAY BE UNABLE TO EFFECTIVELY EVALUATE OUR COMPANY FOR INVESTMENT PURPOSES
BECAUSE OUR BUSINESS HAS EXISTED FOR ONLY A SHORT PERIOD OF TIME.

We began operations in 1997. As a result, we have only a limited operating
history upon which you may evaluate our business and prospects. In addition,
you must consider our prospects in light of the risks and uncertainties
encountered by companies in an early stage of development in new and rapidly
evolving markets.

YOUR INVESTMENT MAY NOT INCREASE IN VALUE UNLESS WE ARE ABLE TO BECOME
PROFITABLE.

We have incurred losses in our business operation since inception. We expect to
continue to lose money for the foreseeable future, and we cannot be certain when
we will become profitable, if at all. Failure to achieve and maintain
profitability may adversely affect the market price of our common stock.

WE ARE PRESENTLY IN UNSOUND FINANCIAL CONDITION WHICH MAKES INVESTMENT IN OUR
SECURITIES HIGHLY RISKY.

Our financial statements include an auditor's report containing a modification
regarding an uncertainty about our ability to continue as a going concern. Our
financial statements also include an accumulated deficit of $427,837 as of
December 31, 1998 and other indications of weakness in our present financial
position. We have been operating primarily through the issuance of common stock
for services by entities, including affiliates, that we could not afford to pay
in cash. We are consequently deemed by state securities regulators to presently
be in unsound financial condition.

No person should invest in this offering unless they can afford to lose their
entire investment.

OUR BUSINESS DEPENDS ON A FEW KEY INDIVIDUALS AND MAY BE NEGATIVELY AFFECTED IF
WE ARE UNABLE TO KEEP OUR KEY PERSONNEL.

Our future success depends in large part on the skills, experience and efforts
of our key marketing and management personnel. The loss of the continued
services of any of these individuals could have a very significant negative
effect on our business. In particular, we rely upon the experience of Michael
Bruce Hall and Jeffrey G. Turino, our resident and chief executive officer,
respectively. We do not currently maintain a policy of key man life insurance
on any of our employees or management team.


17
<PAGE>
OUR BUSINESS PLAN REQUIRES ADDITIONAL PERSONNEL AND MAY BE NEGATIVELY AFFECTED
IF WE ARE UNABLE TO HIRE AND RETAIN NEW SKILLED PERSONNEL.

Qualified personnel are in great demand throughout our industry. Our success
depends in large part upon our ability to attract, train, motivate and retain
highly skilled sales and marketing personnel and other senior personnel. Our
failure to attract and retain the highly trained technical personnel that are
integral to our direct sales, product development, service and support teams may
limit the rate at which we can generate sales and develop new products and
services or product and service enhancements. This could hurt our business,
operating results and financial condition.

OUR TECHNOLOGY BUSINESSES OWN PROPRIETARY TECHNOLOGY AND OUR SUCCESS DEPENDS ON
OUR ABILITY TO PROTECT THAT TECHNOLOGY.

The unauthorized reproduction or other misappropriation of our proprietary
technology could enable third parties to benefit from our technology without
paying us for it. This could have a material adverse effect on our business,
operating results and financial condition. We have relied primarily on the use
of trade secrets to protect our proprietary technology, which may be inadequate.
We do not know whether we will be able to defend our proprietary rights because
the validity, enforceability and scope of protection of proprietary rights in
Internet-related industries are uncertain and still evolving. Moreover, the laws
of some foreign countries are uncertain and may not protect intellectual
property rights to the same extent as the laws of the United States. If we
resort to legal proceedings to enforce our intellectual property rights, the
proceedings could be burdensome and expensive and could involve a high degree of
risk.

WE WILL INCUR SIGNIFICANT EXPENSES IF OTHER COMPANIES CLAIM WE HAVE INFRINGED ON
THEIR PROPRIETARY RIGHTS.

Although we attempt to avoid infringing known proprietary rights of third
parties, we are subject to the risk of claims alleging infringement of third
party proprietary rights. If we were to discover that any of our products
violated third party proprietary rights, there can be no assurance that we would
be able to obtain licenses on commercially reasonable terms to continue offering
the product without substantial reengineering or that any effort to undertake
such reengineering would be successful. We do not conduct comprehensive searches
to determine whether the technology used in our products infringes patents,
trademarks, trade names or other protections held by third parties. In
addition, product development is inherently uncertain in a rapidly evolving
technological environment in which there may be numerous patent applications
pending, many of which are confidential when filed, with regard to similar
technologies. Any claim of infringement could cause us to incur substantial
costs defending against the claim, even if the claim is invalid, and could
distract our management from our business. Furthermore, a party making such a
claim could secure a judgment that requires us to pay substantial damages. A
judgment could also include an injunction or other court order that could
prevent us from selling our products. Any of these events could have a material
adverse effect on our business, operating results and financial condition.

IF WE ARE UNABLE TO RAISE SUFFICIENT CAPITAL IN THE FUTURE, WE MAY NOT BE ABLE
TO STAY IN BUSINESS.

Currently, our capital is insufficient to conduct our business and if we are
unable to obtain needed financing, we will be unable to promote our products and
services, engage in and exploit potential business opportunities and otherwise
maintain our competitive position. Since we intend to grow our business
rapidly, it is certain that we will require additional capital. We have not
thoroughly investigated whether this capital would be available, who would
provide it, and on what terms. If we are unable to raise the capital required to
fund our growth, on acceptable terms, our business may be seriously harmed or
even terminated.


18
<PAGE>
RISKS RELATED TO THIS OFFERING AND OWNERSHIP OF OUR STOCK.

OUR BOARD OF DIRECTORS CAN ISSUE PREFERRED STOCK WITHOUT SHAREHOLDER CONSENT AND
DILUTE OR OTHERWISE SIGNIFICANTLY AFFECT THE RIGHTS OF EXISTING SHAREHOLDERS.

Our articles of incorporation provide that preferred stock may be issued from
time to time in one or more series. Our board of directors is authorized to
determine the rights, preferences, privileges and restrictions granted to and
imposed upon any wholly unissued series of preferred stock and the designation
of any such shares, without any vote or action by our shareholders. The board
of directors may authorize and issue preferred stock with voting power or other
rights that could adversely affect the voting power or other rights of the
holders of common stock. In addition, the issuance of preferred stock could have
the effect of delaying, deferring or preventing a change in control, because the
terms of preferred stock that might be issued could potentially prohibit the
consummation of any merger, reorganization, sale of substantially all of its
assets, liquidation or other extraordinary corporate transaction without the
approval of the holders of the outstanding shares of the
preferred stock. We will not offer preferred stock to promoters except on the
same terms as it is offered to all other existing shareholders or to new
shareholder or unless the issuance is approved by a majority of our independent
directors who do not have an interest in the transactions and who have access,
at our expense, to our legal counsel or independent legal counsel.

YOU MAY NOT BE ABLE TO SELL YOUR STOCK, OR MAY BE FORCED TO SELL AT REDUCED
PRICES, BECAUSE THE MARKET FOR OUR COMMON STOCK IS VERY VOLATILE.

Our stock is presently trading on the OTC bulletin board maintained by Nasdaq
under the symbol PCBM. Nevertheless, there has been limited volume in trading
in the public market for the common stock, and there can be no assurance that a
more
active trading market will develop or be sustained. The market price of the
shares of common stock is likely to be highly volatile and may be significantly
affected by factors such as fluctuations in our operating results, announcements
of technological innovations or new products and/or services by us or our
competitors, governmental regulatory action, developments with respect to
patents or proprietary rights and general market conditions.


19
<PAGE>
YOU MAY NOT BE ABLE TO SELL YOUR SHARES BECAUSE OF THE PENNY-STOCK RULES.

The Securities Enforcement and Penny Stock Reform Act of 1990 requires
additional disclosure relating to the market for penny stocks in connection with
trades in any stock defined as a penny stock. The Commission has adopted
regulations that generally define a penny stock to be any equity security that
has a market price of less than $5.00 per share, subject to a few exceptions.
Such exceptions include any equity security listed on Nasdaq and any equity
security issued by an issuer that has:

- - - net tangible assets of at least $2,000,000, if such
issuer has been in continuous operation for three years,

- - - net tangible assets of at least $5,000,000, if such issuer
has been in continuous operation for less than three years,
or

- - - average annual revenue of at least $6,000,000, if such
issuer has been in continuous operation for less than three
years.

Unless an exception is available, the regulations require the delivery, prior to
any transaction involving a penny stock, of a disclosure schedule explaining the
penny stock market and the risks associated therewith.

FORWARD LOOKING STATEMENTS.

Except for historical information, the discussion in this registration statement
contains some forward-looking statements that involve risks and uncertainties.
These statements may refer to our future plans, objectives, expectations and
intentions. These statements may be identified by the use of the words such as
expect, anticipate, believe, intend, plan and similar expressions. Our actual
results could differ materially from those anticipated in such forward-looking
statements.

USE OF PROCEEDS

PCBM will not receive any of the proceeds from the sale of shares of common
stock by the Selling Shareholders.


20
<PAGE>
SELLING SHAREHOLDERS

The Shares of the Company to which this Reoffer Prospectus relates are being
registered for reoffers and resales by the Selling Shareholders, who acquired
the Shares pursuant to agreements with PCBM for consulting services they
provided to PCBM. The Selling Shareholders may resell all, a portion or none of
such Shares from time to time.

The table below sets forth with respect to the Selling Shareholders, based upon
information available to the Company as of March 27, 2000,the number of Shares
owned, the number of Shares registered by this Reoffer Prospectus and the number
and percent of outstanding Shares that will be owned after the sale of the
registered Shares assuming the sale of all of the registered Shares.

<TABLE>
<CAPTION>
NUMBER OF NUMBER OF % OF SHARES
SHARES SHARES NUMBER OF OWNED BY
SELLING OWNED REGISTERED SHARES OWNED SHAREHOLDER
SHAREHOLDERS BEFORE SALE BY PROSPECTUS AFTER SALE AFTER SALE
<S> <C> <C> <C> <C>
- -------------------- ------------- -------------- ------------ -----------
Dennis T. L. Gordon 5,703,450 5,703,450 0 0
Joel A. Gordon 2,541,104 2,541,104 0 0
Robert E. Siegrist 1,825,470 1,825,470 0 0
James Alexander 342,500 342,500 0 0
Rod K. Whiton 7,500 7,500 0 0
Rod K. Whiton Trust 500,000 500,000 0 0
- -------------------- ------------- -------------- ------------ -----------
TOTAL 10,920,024 10,920,024 0 0
</TABLE>

The shares and options owned by Mr. Gordon and the remaining selling
shareholders are subject to contractual restrictions between them and the
Company that limit the number of shares they may sell within certain time
periods. Further, the securities being registered are subject to the limitations
imposed by Rule 144(e) on the slae of shares on the open market.

PLAN OF DISTRIBUTION

The Selling Shareholders may sell the Shares for value from time to time under
this Reoffer Prospectus in one or more transactions on the OTC Bulletin Board
maintained by Nasdaq, or other exchange, in a negotiated transaction or in a
combination of such methods of sale, at market prices prevailing at the time of
sale, at prices related to such prevailing market prices or at prices otherwise
negotiated. The Selling Shareholders may effect such transactions by selling
the Shares to or through brokers-dealers, and such broker-dealers may receive
compensation in the form of underwriting discounts, concessions or commissions
from the Selling Shareholders and/or the purchasers of the Shares for whom such
broker-dealers may act as agent (which compensation may be less than or in
excess of customary commissions).


21
<PAGE>
The Selling Shareholders and any broker-dealers that participate in the
distribution of the Shares may be deemed to be "underwriters" within the meaning
of Section 2(11) of the 1933 Act, and any commissions received by them and any
profit on the resale of the Shares sold by them may be deemed be underwriting
discounts and commissions under the 1933 Act. All selling and other expenses
incurred by the Selling Shareholders will be borne by the Selling Shareholders.
In addition to any Shares sold hereunder, the Selling Shareholders may, at the
same time, sell any shares of common stock, including the Shares, owned by him
or her in compliance with all of the requirements of Rule 144, regardless of
whether such shares are covered by this Reoffer Prospectus.

There is no assurance that the Selling Shareholders will sell all or any portion
of the Shares offered.

The Company will pay all expenses in connection with this offering other than
the legal fees incurred in connection with the preparation of this registration
statement and will not receive any proceeds from sales of any Shares by the
Selling Shareholders.


LEGAL MATTERS

The validity of the Common Stock offered hereby will be passed upon for the
Company by Schroeder Walthall Neville L.L.P.


EXPERTS

The balance sheets as of December 31, 1997 and 1998 and the statements of
operations, shareholders' equity and cash flows for the years then ended of PCBM
have been incorporated by reference in this Registration Statement in reliance
on the report of Bagell, Josephs, Levine, Firestone & Co., L.L.C, independent
accountants, given on the authority of that firm as experts in accounting and
auditing.


22
<PAGE>
PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.

The following documents are hereby incorporated by reference in this
Registration Statement:

(i) Registrant's Form 8-K dated March 3, 2000, filed on March 6, 2000,
amendment 8-K/A-1, filed March 17,2000.

(ii) Registrant's Form 10-SB, as amended (in the name of MAS Acquisition XIX
Corp., the Company's predecessor), originally filed on August 30, 1999.

(iii) All other reports and documents subsequently filed by the Registrant
pursuant after the date of this Registration Statement pursuant to Sections
13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934 and prior to
the filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference and to be a part hereof
from the date of the filing of such documents.

ITEM 4. DESCRIPTION OF SECURITIES.

Not applicable.

ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.

Not applicable.

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

The Corporation Laws of the State of Nevada and the Company's Bylaws
provide for indemnification of the Company's Directors for liabilities and
expenses that they may incur in such capacities. In general, Directors and
Officers are indemnified with respect to actions taken in good faith in a manner
reasonably believed to be in, or not opposed to, the best interests of the
Company, and with respect to any criminal action or proceeding, actions that the
indemnitee had no reasonable cause to believe were unlawful. Furthermore, the
personal liability of the Directors is limited as provided in the Company's
Articles of Incorporation.


23
<PAGE>
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

The Shares were issued for advisory services rendered. These sales were
made in reliance of the exemption from the registration requirements of the
Securities Act of 1933, as amended, contained in Section 4(2) thereof covering
transactions not involving any public offering.

ITEM 8. EXHIBITS

* 3.1 Articles of Incorporation
* 3.3 Bylaws
5 Opinion of Counsel
**10.1 Consulting Agreement dated December 16, 1999.
10.2 Addendum to Consulting Agreement between Gordon &
Associates Strategic Management, Inc., Joel A. Gordon
and PCBM dated December 16, 1999.
23.1 Consent of Bagell, Josephs, Levine, Firestone & Co.,
L.L.C. independent accountants
________________________
* Incorporated by reference to PCBM's Form 8-K, filed on March 6, 2000.

** Incorporated by reference to PCBM'a Form 10-SB, filed on March 1, 2000.

ITEM 9. UNDERTAKINGS.

(a) The undersigned Registrant hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement to include any material
information with respect to the plan of distribution not previously disclosed in
the Registration Statement or any material change to such information in the
Registration Statement.

(2) That, for the purpose of determining any liability under the Securities Act
of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial BONA
FIDE offering thereof.

(3) To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's Annual Report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial BONA FIDE offering thereof.


24
<PAGE>
(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.


25
<PAGE>
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that is meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Clearwater, State of Florida, on March 28, 2000.



PINNACLE BUSINESS MANAGEMENT, INC.




By: Michael Bruce Hall
Its: President and Chairman of the Board

Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.




/s/ Jeffrey G. Turino
- --------------------------------------------------------------
Jeffrey G. Turino, Chief Executive Officer and Director



/s/ Michael B. Hall
- --------------------------------------------------------------
Michael B. Hall, President and Director


<PAGE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>2
<FILENAME>0002.txt
<TEXT>

SCHROEDER WALTHALL NEVILLE L.L.P.

ATTORNEYS AND COUNSELORS AT LAW
1100 Louisiana, Suite 4850
Houston, TX 77002-5222



Telephone (713)654-9100
T. Michael Neville (800)967-7770
Walter A. Schroeder, P.C. -------------
Leonidas F. Walthall, P.C. Telecopier (713)654-1341


April 11, 2000

Securities and Exchange Commission
Division of Corporate Finance
Washington, D.C. 2549

Re: Pinnacle Business Management, Inc.

Ladies and Gentlemen:

This Firm represents Pinnacle Business Management, Inc., a Nevada
corporation (the "Registrant") in connection with the Registrant's Registration
Statement of Form S-8 under the Securities Act of 1933 (the "Registration
Statement") which relates to the resale of up to 10,920,024 shares by certain
selling shareholders in accordance with a Consulting Agreement between the
Registrant and the selling shareholders (the "Registered Securities"). In
connection with our representation, we have examined such documents and
undertaken such further inquiry as we consider necessary for rendering the
opinion hereinafter set forth.

Based upon the foregoing, it is our opinion that the Registered Securities,
when issued as set forth in the Registration Statement, will be legally issued,
fully paid and nonassessable.

We acknowledge that we are referred to under the heading "Legal Matters" in
the Resale Prospectus which is a part of the Registrant's Form S-8 Registration
Statement relating to the Registered Securities, and we hereby consent to such
use of our name in such Registration Statement and to the filing of this opinion
as Exhibit 5 to the Registration Statement and with such state regulatory
agencies in such states as may require such filing in connection with the
registration of the Registered Securities for offer and sale in such states.

Very truly yours,

SCHROEDER WALTHALL NEVILLE L.L.P.
By: Leonidas F. Walthall, P.C.


/s/ Leonidas F. Walthall
---------------------------
Leonidas F. Walthall


<PAGE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>0003.txt
<TEXT>



ADDENDUM TO CONSULTING SERVICES AGREEMENT
-----------------------------------------

GORDON & ASSOCIATES STRATEGIC INVESTMENTS, INC. ("G&A"), and PINNACLE
BUSINESS MANAGEMENT, INC. ("Pinnacle"), enter this Addendum ("Addendum") to the
Consulting Services Agreement the ("Agreement") executed on May 19, 1999.

WHEREAS, G&A entered into the Agreement for the purpose of providing to
Pinnacle contacts with potential strategic partners to enter a business
development arrangement to benefit Pinnacle and a strategic partner. G&A has
rendered and will render business development Services in connection with the
proposed business venture. The individuals listed herein have assisted and will
assist Pinnacle developing the same business venture as G&A. The Agreement
provides that G&A may instruct Pinnacle to issue stock to nominees designated by
G&A as compensation for services under the Agreement.

Now THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the parties agree as follows:

1. The individuals listed on Exhibit A have rendered and will render
business development services to Pinnacle. Pinnacle agrees to issue the
number of shares listed on Exhibit A to each designated individual as
compensation for the consulting services they have rendered and will
render to Pinnacle.

2. The individuals listed on Exhibit A are hereby named by G&A as the
nominees to whom Pinnacle shall issue die number of shares listed on
Exhibit A, for their services under the Agreement and this Addendum.

3. The individuals listed on Exhibit A have rendered and will render their
consulting services to Pinnacle on the same terms as those stated
in the Agreement between G&A and Pinnacle.

Agreed and executed to he effective as of May 19, 1999.



/s/ GORDON & ASSOCIATES STRATEGIC INVESTMENTS. INC.
- ---------------------------------------------------------
GORDON & ASSOCIATES PINNACLE BUSINESS
STRATEGIC INVESTMENTS. INC. MANAGEMENT, INC.


- ----------------------------- ------------------
<PAGE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>0004.txt
<TEXT>

BAGELL, JOSEPHS, LEVINE, FIRESTONE & COMPANY, L.L.C.
CERTIFIED PUBLIC ACCOUNTANTS

HIGH RIDGE COMMONS
SUITES 400-403
200 HADDONFIELD BERLIN ROAD
GIBBSBORO, NEW JERSEY 08026
(856) 346-2828 FAX (856) 346-2882





April 12, 2000


VIAFAX: 713-654-134l

INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Pinnacle Business Management, Inc.

We hereby consent to the incorporation by reference in this registration
statement on Form S-8 of our report dated February 28, 2000 relating to the
December 31, 1998 financial statements of Pinnacle Business Management, Inc.



/s/ BAGELL, JOSEPHS, LEVINE, FIRESTONE & CO., LLC
- --------------------------------------------------------
BAGELL, JOSEPHS, LEVINE, FIRESTONE & CO., LLC
Certified Public Accountants


April 12, 2000


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Just my opinion, of course.
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