Pinnacle Business Management, Inc. announced Wednesday that its wholly owned subsidiary Fast PayCheck Advance, Inc., has a remarketing agreement with its debit card issuer. Under the agreement Pinnacle will be able to provide debit cards to other businesses in the Payday Advance and check cashing industry as well as offering the card through other internet sites. This will allow Pinnacle to generate income on a per-transaction basis from the use of its cash card network. The card is currently good at 750,000 locations worldwide. This is a significant step in providing a broad revenue base for the company.
Bruce Hall President, of Pinnacle Business Management said, “We have received substantial interest from our industry as to the use of our debit card. The remarking agreement allows us to market the card to other companies in our industry as well as providing a true e-commerce payment method for various internet sites. This agreement transforms Pinnacle from being a competitor to desired venders in the Payday Advance industry. This profit center could have significant impact on the bottom line throughout the coming new year. Pinnacle is not straying from the core business of Payday loans, however we are strategically expanding our presence in various segments. We are aggressively pursuing this logical direction to increase revenues.”
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: