Pinnacle Business Management (Prev SRCI)

[alexed]

Pinnacle Business Management to Activate, Spin-Off Its Summit Property
Subsidiary; Stockholders to Receive 100-1 Dividend

CLEARWATER, Fla., Feb 23, 2001 (BUSINESS WIRE) -- Pinnacle Business Management
(Pink Sheets:PCBM) has announced that it is going to re-activate and spin-off
Summit Property Group Inc. (Summit) a wholly owned subsidiary of the company.

As part of the transaction, PCBM will pay a non-cash dividend to its
stockholders for approximately 48% of Summit. The dividend will consist of one
(1) share of Summit stock for each 100 shares of PCBM. The dividend will be paid
to stockholders of record as of the close of the stock market on March 2, 2001.

Additionally, it was announced that Summit intends to buy a Tampa, Fla.-area
office building from real estate entrepreneur Kenneth J. VanNess, in exchange
for approximately 52% of Summit. VanNess is expected to become president of
Summit as a result.

The precise order of the transactions is not yet set, and the date for closing
of the Tampa building transaction is not set. When the transactions are
complete, it is hoped that Summit will stand as an independent entity, holding
the Tampa-area office building and other entities the company is currently
exploring.

"This is yet another opportunity to deliver a substantive benefit to our stock
holders," said Jeff Turino, CEO of PCBM. "We believe that this will position
Summit to expand into many areas for which it had originally been intended. More
importantly, with Mr. VanNess taking a controlling interest in Summit, it will
have fine-tuned direction from an experienced industry professional."

VanNess, a graduate of the University of Florida, has held senior lending
positions with numerous private mortgage companies and institutions. He has
participated in all aspects of underwriting, origination, disposition and
liquidation of real estate loans and has worked with developers and investors
throughout his career. He is a licensed Principal Mortgage Broker.


About Pinnacle Business Management

Pinnacle Business Management (Pink Sheets:PCBM) commenced operations in 1996 in
Florida. The company operates Fast PayCheck Advance, a firm that offers
instrument-for-instrument paycheck advance transactions. Fast PayCheck Advance
is licensed to operate in nine states and has applications for licensing pending
in 20 other states. The company also operates the All Pro group of companies, a
division of businesses in Western Pennsylvania that includes automobile and
telecommunications entities.


For more information call Cynthia Mandel at 954/973-3493.

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
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.


CONTACT: Pinnacle Business Management
The Pollack PR Marketing Group
Robert Parry, 310/556-4443 (Media)
[e-mail]
or
Mandel Consulting
Cynthia Mandel, 954/973-3493 (Investor)
[e-mail]



KEYWORD: CALIFORNIA FLORIDA PENNSYLVANIA
INDUSTRY KEYWORD: REAL
ESTATE
BANKING
TELECOMMUNICATIONS
DIVIDEND