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Tuesday, 04/02/2002 11:21:00 AM

Tuesday, April 02, 2002 11:21:00 AM

Post# of 89565
For those of you who like pinks (PCBM), this just out...
(I haven't had a chance to look at it closely..)PCBM Announces the Proposed Spin Off of Its Lo Castro & Associates d.b.a. The All Pro Group and Will to Apply to the American Stock Exchange
CLEARWATER, Fla. and PITTSBURGH, April 2 /PRNewswire-FirstCall/ -- Pinnacle Business Management (OTC: PCBM - news) announced today that its Board of Directors has approved the spin off of its Lo Castro & Associates d.b.a. The All Pro Group, (All Pro). PCBM and All Pro have entered into an agreement with Roy Lerman and R.I.P. Consultants. Mr. Lerman is a full Partner and Director with SDO Securities, senior floor broker and member in good standing for over 36 years with the American Stock Exchange. Mr. Lerman is also the author of the Ask Roy web site, ( www.askroy.com )

As part of the transaction, PCBM's Board of Directors has approved the spin off of All Pro by issuing a non-cash dividend to eligible PCBM stockholders of record as of the close of market May 31, 2002.

Lo Castro & Associates d.b.a. The All Pro Groups financials are now fully audited and the Form 10 application can now be made to become fully reporting and approved for trading.

The dividend will consist of one (1) certificate share of All Pro stock for every fifty- (50) certificate shares of bona fide PCBM stock. These shareholders will be identified from a NOBO & OBO (Non Objecting Beneficial Owners & Objecting Beneficial Owners) of record as requested by and reported to the company on the close of market May 31, 2002. This being the ex- dividend date. Fractional interests will be rounded down to the nearest full share.

``I feel very confident that All Pro will be a success and will be accepted for trading on the exchange,'' said Roy Lerman, senior floor broker on the American Stock Exchange. ``All Pro's authorized shares will be initially priced at $4 per share, which is above the minimum price established by the American Stock Exchange guidelines,'' added Mr. Lerman.

Those shares will be issued to the May 31, 2002 identified PCBM shareholders of record and Vincent and Kim Lo Castro as consideration for deferring principal payments on the note as part of the original All Pro acquisition agreement.

``We are now beginning the process to fill out necessary applications and provide requested information and documentation to the American Stock Exchange. I believe that with the expertise of Mr. Roy Lerman and R.I.P. Consultants we should be able to accomplish this task and be trading sometime in June, 2002,'' said Vincent Lo Castro, President of All Pro Group and COO of Pinnacle Business Management. ``We have reached this positive and pivotal position because of the continued hard work of our dedicated employees and the patience and support of our loyal shareholders.''

``This is yet another opportunity to deliver a benefit to our shareholders,'' said Jeff Turino, CEO of PCBM. ``We believe that this transaction will favorably position The All Pro Group to continue along its path of growth and expansion. The Board of Directors has given Mr. Lo Castro the necessary powers to do what he deems appropriate to consummate all of these transactions which we have contemplated and approved for forward progress.''

Prior to the opening trading day of All Pro, all brokers will have been required to show proof of certificates of PCBM shares to receive the appropriate number of All Pro shares.

Further information will be made available to the shareholders as the process develops.

For information shareholders may call Cynthia Mandel at Mandel Consulting at 954-973-3493 or Arica Barati at 412-969-0034.

About Pinnacle Business Management

Pinnacle Business Management (OTC: PCBM - news) 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 and 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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