Pinnacle Business Management Announces Preliminary January Sales Figures for All Pro

    CLEARWATER, Fla.--Feb. 9, 2001--Pinnacle Business Management (Pink Sheets:PCBM) has announced the first sales figures for the companies that were recently acquired from Lo Castro and Associates.
    According to preliminary and unaudited figures during the month of January 2001, the All Pro Auto Mall and All Pro Daewoo saw sales increase approximately 100% in terms of unit volume over the same period last year. Total sales for all three divisions that were previously part of Lo Castro and Associates (including All Pro Auto Mall, All Pro Daewoo and All Pro Communications) for the month of January were $1.01 million, resulting in pre-tax profits of approximately $87,000. January is typically one of the slowest months of the year for automobile sales.
    All Pro Auto Mall services customers in sub-prime lending brackets, generally with blemished or insufficient credit, who may otherwise have difficulty obtaining prime traditional car financing or leasing. All Pro Auto Mall gives them an opportunity to "buy here and pay here," by providing in-house financing based on a more flexible customer evaluation.
    "We feel that these preliminary figures, especially when compared to last year's figures, show the potential for the success of our `buy here-pay here,' business model, with its refined customer focus," said Vincent Lo Castro, president of PCBM's All Pro Auto Mall division. "By looking beyond typical financial measurements for customer evaluation, we believe that we can open up sales opportunities that other dealers would pass up."
    Lo Castro added that PCBM is already considering an expansion of the All Pro companies. "We are preparing to commence due diligence activities for our first satellite store. We hope to open that store near the end of the second quarter of this year. Once that happens, we plan to explore the possibility of opening more satellite locations in the following 12 months," he added.

    About Pinnacle Business Management

    Pinnacle Business Management 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 collection of interrelated business in Western Pennsylvania that includes several 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 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.