Pinnacle Business Management (Prev SRCI)

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Pinnacle's Lo Castro & Associates d.b.a. All Pro Releases Anticipated Audited Revenue and Earnings Results for 2001

CLEARWATER, Fla. and PITTSBURGH, Pa., Mar 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- Pinnacle Business Management (OTC: PCBM) announced that its Lo Castro & Associates division d.b.a. All Pro Group, a leading provider of sub-prime automobile sales, financing, warranty and service, reports anticipated audited results for its full year ended December 31, 2001, highlighted by sub-prime revenue growth and full year net earnings.
All Pro intends to release fully audited results, including its balance sheet and income statement, by March 29, 2002. Once fully audited, All Pro intends to make the necessary Form 10 registration statement to be fully reporting.



Financial and operating highlights for the year included:

-- Total revenue of $8.96 million.

-- Net income of $253,456 with allowance for doubtful accounts of
$306,119. These numbers illustrate the strong fundamentals of the
company's cost structure and growth in the sub-prime automobile
business.

-- Momentum continued through a very difficult economy with automobile
loan receivables growing to $1.54 million and the net UUAC Pool
Receivable growing to $457,122.

-- All Pro signed significant contracts and deals including the
Vasko Dodge, Vasbro Land, Kings Automotive and UUAC (a division of
Zurich Financial Services) agreements. These agreements secure the
future funding and administration of All Pro's growing sub-prime
automobile sales, financing and warranty business and portfolio.

-- The company ended the year with approximately $5.84 million in assets.

Vincent Lo Castro, COO and President of the All Pro Group, said: "All Pro's anticipated results in 2001 demonstrate the strong fundamentals of our business and that by financing quality automobiles with a flexible warranty, the sub-prime market can and will perform with solid results."
Recent rumors have suggested that insiders have sold their blocks of stock.

PCBM announced that, in an effort to solidify the market position of its shareholders, an insider group consisting of Jeff Turino, Bruce Hall and Vincent and Kim Lo Castro reiterated that they have not sold any of their blocks of PCBM stock.

"I have never bought, sold, loaned or hypothecated a single share of my family's PCBM stock, and believe that All Pro's business plans will position us to be here long after the lock up restrictions on our stock expire in December of 2002. Given proper time and execution, I believe my family's multimillion dollar investment in cash and assets will provide me with the values I initially believed possible and why I got involved in the first place," added Vincent Lo Castro, COO and President of the All Pro Group.

"I am very confident about the message and direction the insiders are taking with these statements," said Jeff Turino, CEO. "The Company, through its All Pro Group, is growing on strong fundamental business plans. Our statements speak for our belief in the future of our business plans."

For information, shareholders may call Arica Barati between 5:30 and 7:30 PM, EST on Monday, Tuesday and Thursdays at 412-969-0034.

About Pinnacle Business Management

Pinnacle Business Management (OTC: PCBM) commenced operations in 1996 in Florida. The company operates the All Pro Group of Companies, a collection of interrelated business in Western Pennsylvania that includes several automobile sales and financing, as well as telecommunications entities. The company also operates Fast PayCheck Advance, a firm that offers instrument-for-instrument paycheck advance transactions using proprietary software.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation 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 the 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.



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SOURCE Pinnacle Business Management


CONTACT: Shareholders, Arica Barati for Pinnacle Business Management,
[phone] (between 5:30 and 7:30 PM EST on Monday, Tuesday and
Thursdays)
(PCBM)