PCBM's All Pro Group to Acquire Kings Automotive Group

    CLEARWATER, Fla. & PITTSBURGH--Aug. 23, 2001-- Pinnacle Business Management (Pink Sheets:PCBM) has announced that its All Pro Group business unit has entered into a major agreement to significantly improve its competitive position.
    The letter agreement is with Kings Sales, a major competitor in the region. Under terms of the deal, All Pro will acquire Kings operations and facilities at a location on Route 19 South in North Strabane, Pa. This location is close to its existing McMurray, Pa., store, but more strategically situated for accessing All Pro's key working class demographic.
    All Pro will assume the land lease of the Kings' facility. No stock is being used in the transaction. The purchase price is a secured note for $300,000 and $100,000 in cash at the closing.
    As a result of acquiring Kings, All Pro expects to bring aboard Kings' staff, increasing All Pro's staffing for several initiatives in the automotive arena, as well as Kings' base of loyal customers.
    "We expect to register a significant increase in sales with the acquisition of Kings," said Vince Lo Castro, COO of PCBM and President of the All Pro Group. "However, one of the best aspects of this deal is that we will be bringing aboard Jim Ellis, whom we consider to be one of the best wholesale car buyers in the region."
    "This type of acquisition signifies another move to strengthen the market position of the company and its stock through strategic agreements that do not involve using stock as currency," said Jeff Turino, CEO of PCBM.
    The deal is expected to take effect on Oct. 1.

    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 businesses in Western Pennsylvania that includes several automobile and telecommunications entities.

    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.