CLEARWATER, Fla. Sept. 23 /PRNewswire/ -- Pinnacle Business Management, Inc. (OTC Bulletin Board: PCBM) and Fast PayCheck Advances, Inc.(a wholly owned subsidiary of Pinnacle) today announced an agreement with Mail Boxes Etc.(MBE), the world's largest franchiser of retail business, communication and postal service centers, to facilitate "payday advances" through participating MBE locations in Florida.
Through the use of Pinnacle's toll-free number, PCBM's customer service representatives will direct customers into participating MBE locations for an application to receive payday advances. The MBE location will facilitate the process by faxing completed application forms to PCBM customer service representatives for their review. Upon approval from PCBM, the MBE location will give customers "Pinnacle Cash Cards" (a blank ATM card) usable at most ATM locations.
To receive the cash advance, customers must call PCBM to activate the ATM card.
Bruce Hall president of Pinnacle Business Management said, "The management of Pinnacle is very excited about this new association with a national presence such as Mail Boxes Etc. Use of existing MBE facilities and support personnel gives the Company a very cost-effective growth vehicle. By eliminating the costs associated with leasing and stand-alone offices, Pinnacle believes it can enhance its profit margins. This move enforces Pinnacle's focus as an exciting and expanding e-commerce services provider."
MBE and Pinnacle expect to offer this program to participating MBE locations in those states in which Fast PayCheck Advances is authorized to do business by the end of the year.
About Pinnacle Business Management
Pinnacle Business Management is in the business of advancing small loans 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 .
About Mail Boxes Etc.
Mail Boxes Etc., a wholly owned subsidiary of US Office Products Company (Nasdaq: OFIS), is the world's largest franchiser of retail business, communication and postal service centers. There are more than 4,000 MBE locations operating worldwide, with master licensing agreements in place for the development of the MBE business in 60 countries around the world. In the United States, MBE centers are owned and operated by licensed franchisees of Mail Boxes Etc. USA, Inc. Outside the United States, MBE centers are owned and operated by MBE master licensees or their franchisees. MBE maintains a Web site at http://www.mbe.com .
