PCBM's All Pro Business Unit Closes Deals, Eliminating Debt; All Pro Business Unit Completes Vasbro Multimillion Dollar Deal and Vasko $200,000 Asset Sale on Schedule

    PITTSBURGH & CLEARWATER, Fla.--Oct. 30, 2001-- Pinnacle Business Management (Pink Sheets:PCBM) announced today that its outstanding debt balance has been eliminated as a result of completing two deals.
    All Pro Auto Mall business unit has completed the previously announced multimillion dollar property purchase/exchange with Vasbro and a $200,000 asset sale with Vasko Dodge.
    With the completion of the transaction, the outstanding mortgage loan of approximately $1,150,000 on the McMurray location has been paid off. The All Pro business unit has received the title to the Canonsburg facility valued at almost one million dollars.
    The $200,000 asset sale to Vasko Dodge, which also closed, included items associated with the McMurray, Pa. facility, such as miscellaneous signage, tools, hydraulic machines and phone systems.
    Company stock was not used in the transactions.
    "We went to great lengths to insure that these complex transactions would close on time and as planned," said Chief Operating Officer, Vincent Lo Castro. "We could not have completed such a massive, multi-variable deal without the support of our dedicated people who invested extensive work hours, as well as our loyal investors who have supported our endeavors. This sale, which reduces company debt, reflects PCBM's commitment to its employees and its investors and allows us to proceed in developing future significant deals."

    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 Gary Kishner at 310/556-4443.

    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.