Pinnacle Business Management Announces Preliminary April Sales Figures for All Pro; Trend of Increased Sales in Automobile Enterprises Continues
CLEARWATER, Fla. & PITTSBURGH--May 31, 2001--Pinnacle Business Management (Pink Sheets:PCBM), operator of a diverse set of businesses, has announced the preliminary April financials for its McMurray, PA-based All Pro division.According to preliminary and unaudited figures, during the month of April, 2001, the All Pro Auto Mall, All Pro Daewoo and All Pro Communications (including wireless and business systems) stores saw total combined sales in all divisions of approximately $878,000, resulting in pre-tax profits of approximately $74,000.
All Pro's automobile enterprises, All Pro Auto Mall and All Pro Daewoo, sold a total of 57 vehicles during the month, compared to 37 vehicles during April of 2000, an increase of 64%. It was the fourth consecutive month that unit volume has outpaced the previous year's same-month figures.
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. 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.