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Is this a P/R fraud

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I am posting two articles which I think are P/R fraud. Both are from the same company.

The first with headlines that says the company took cotrol of the mentioned company when in fact, they enter into a letter of intent.

The second says the company aquires another company, when in fact it entered into a letter of intent. (obviously you all guessed. The company did not "acquire the company in the P/R)

Read the P/R and give me your opinions as this company has a history of issuing bloated P/R and I would call them misleading investors. And non of their P/R have come true.

Pinnacle Business Management Expands Focus
With Auto Mall Acquisition; Holding Company Takes
Control of Successful Pennsylvania Business


In the first step in its development as a multi-industry, multi-market holding
company, Pinnacle Business Management PCBM has entered into a letter of
intent to acquire the All Pro group of companies, a Pittsburgh, Pa. area
automotive dealership, AT&T Wireless provider and NEC
telecommunications distributor.

Under terms of the $19.5 million deal, PCBM will acquire All Pro group of
companies (located on Route 19 South in the Western Pennsylvania
community of Peters Township) from the private firm of Lo Castro &
Associates. According to PCBM president Bruce Hall, the deal includes $12
million in hard assets. Also, as a part of the transaction Lo Castro &
Associates founder Vincent Lo Castro will become a board member of

Within a 30,000-square-foot, three-story building, All Pro houses a number
of interrelated businesses, including a pre-owned car dealership, a Daewoo
automobile showroom and a Zimmer dealership. In addition, it has a full
parts, service and auto repair center. Also included in the transaction are All
Pro Wireless, an authorized AT&T Wireless provider with a 14-year
customer base, and All Pro Communications, an NEC-authorized business
communications firm which handles sales, installation, service of
telecommunications products and is a provider of long distance services.

"The vertical integration of our interests into businesses related to PCBM's
prior activities is a step we have been looking to make," said Hall. "Vince Lo
Castro and his team have done an outstanding job building the customer
base of All Pro Auto Mall and we see this as an opportunity to balance our
overall business and diversify our revenue streams to the benefit of all of
our companies."

All Pro holds a Pennsylvania banking license and frequently finances its own
car sales with an extensive "buy here - pay here" portfolio. Combined, the All
Pro business accounted for approximately $15 million in sales in 1999. The
automobile dealership has been operating for 13 years and was owned by
Lo Castro and Associates for the last three years.

In announcing the acquisition, Hall indicated that the entire All Pro
management team will remain in place. "The management team has been
together with me for almost two decades," said Lo Castro. "They are an
excellent group of talented people who do an outstanding job."

Pinnacle CEO Jeff Turino said that the company is exploring options to
integrate the All Pro banking license as part of the national expansion of
Fast PayCheck Advance, another PCBM company.


The Pollack PR Marketing Group
Robert Parry, 310/556-4443 (Media Contact)
[email protected]
Mandel Consulting
Cynthia Mandel, 954/973-3493 (Investor Contact)

Pinnacle Business Management
Bruce Hall, 727/669-7781
[email protected]

About Pinnacle Business Management:
Pinnacle Business Management is in the business of advancing small loans
until payday through their wholly owned subsidiary, Fast PayCheck
Advances, Inc. and lending money on motor vehicle titles (Title Loans)
through their wholly owned subsidiary Fast Title Loans Inc. Through the use
of branded Pinnacle Cash Cards, and integrating E-Commerce and
electronic funds tracking and transfer technology, Pinnacle will give new
opportunities to those consumers who have been shut out of the economic
and E-Commerce mainstream for various reasons. For more details on
these and other PCBM activities, refer to the press releases at
http://www.pcbm.com. For additional on-line investor information on PCBM
go to: http://www.internetstockmarket.com/corpprof/p/pcbm.html.

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 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 it’s holdings.

Contact: Mandel Consulting for Pinnacle Business Management
Don or Cynthia Mandel, 954-973-3493
[email protected]

2nd P/R

Wednesday March 31, 10:24 am Eastern Time

Company Press Release

Pinnacle Business Management, Inc. Acquires
E-Commerce Software Company

New Subsidiary to Cover Design and Marketing

CLEARWATER, Fla.--(BUSINESS WIRE)--March 31, 1999--Pinnacle Business Management,
Inc. (OTC BB:pCBM - news; http://www.pcbm.com ) announced Wednesday that it has
acquired Matrix Technologies, Inc., including the existing revenue stream, proprietary rights
and beneficial ownership of two significant softwar

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