PCBM Retires 27,029,000 Shares

    CLEARWATER, Fla.--Aug. 22, 2001--Pinnacle Business Management (Pink Sheets:PCBM) announced today that, in an effort to solidify its market position and increase share value, it has retired more than 27 million shares.
    The company has entered into a settlement in which the shares, 27 million of which were issued to Roy Samuel in a consulting and investment agreement, were retired as a result of alternative arrangements that the company made. The shares were those included in the SEC form 13D filing on June 27, 2001.
    "I am very confident about the direction the company is taking," said Chief Operating Officer, Vincent Lo Castro. "The company is growing on its own merit, not using its stock as currency to grow."
    "The company is showing operating profit and debt is being reduced. It is a good time for PCBM," said CEO, Jeff Turino. "Not having to use stock to fund the future of the company clears the road for substantial growth."

    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 press 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.