Corbel Holdings Inc. Provides Further Instruction for Exchange of Summit Property Group Inc. Stock.Business Editors CLEARWATER, Fla.--(BUSINESS WIRE)--May 8, 2001 All Stock of Summit Property Group Inc. Must be Exchanged for Shares of Corbel corbel Block or brick partially embedded in a wall, with one end projecting out from the face. The weight of added masonry above counterbalances the cantilever and keeps the block from falling out of the wall. Holdings Inc. Pinnacle Business Management (Pink Sheets:PCBM PCBM Phenyl C61 Butyric Acid Methyl Ester PCBM Passive Common Berthing Mechanism (NASA/ISS) PCBM Physics Chemistry Biology Mathematics (college courses) ) and Corbel Holdings Inc. have announced additional instructions A charge given to a jury by a judge after the original instructions to explain the law and guide the jury in its decision making. Additional instructions are frequently needed after the jury has begun deliberations and finds that it has a question concerning the evidence, a for shareholders of Summit Property Group stock to exchange shares issued in the name of Summit Property Group for shares in the name of Corbel Holdings, the company's new name. The name change was made to prevent any confusion with Summit Properties Inc. (NYSE NYSE See: New York Stock Exchange :SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management ), an unrelated entity and registrant. Shareholders will have reasonable time after receiving official notice of the change of name to exchange their old Summit Property Group Inc. stock certificates for those of Corbel Holdings Inc. This should be accomplished by sending old certificates to the transfer agent, Anthony Valinoti of Mandalay Stock Transfer, via registered mail, certified mail certified mail n. Uninsured first-class mail for which proof of delivery is obtained. certified mail (US) n → Einschreiben nt or other traceable delivery service. A deadline for the completion of the exchange may be announced later. Shareholders and beneficial owners should include their name, address and social security number when sending in their stock certificates. Shareholders whose shares are held in custodial or IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. accounts are not affected, Valinoti said, because those shares will be automatically exchanged by retail brokers and other institutions. Mandalay Stock Transfer will be sending notice of the name change and instructions for completing the exchange to all known stockholders. Corbel Holdings Inc is instructing the transfer agent to issue the new stock certificates in the specific name of each "beneficial owner" rather than as a "book entry" in the name of a retail broker or the "street name." Stock certificates for Corbel Holdings Inc. will be issued for all current requests for Summit Property Group stock. Corbel Holdings Inc. is requesting a list from the transfer agent of all beneficial owners of PCBM. The list must contain a detailed and specific listing of every beneficial owner including the number of Pinnacle Business Management shares they owned as of February 27, 2001. This is the ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. for the Summit Property Group stock dividend. A dividend of one share of Summit Property Group (now Corbel Holdings) was issued for every 100 shares of PCBM to the shareholders of record on March 2, 2001. This list should enable the transfer agent to perform the renaming and exchange for Corbel Holdings stock certificates. Any stock certificates not properly exchanged through the transfer agent (within a reasonable time after the notice of name change is received) will become null and void. This is per Nevada Revised Statute sec. 78.250, which operates to suspend the rights of shareholders until compliance, and under Nevada Revised Statute sec. 78.235, whereby beneficial shareholders who have failed to surrender their shares for exchange may not be entitled to the declared dividend declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. . Shareholders may contact their brokers for clarification of their beneficial ownership. For further information, shareholders are advised to contact the transfer agent who is processing this exchange. Valinoti may be contacted at: Mandalay Stock Transfer, 3750 South Jones Blvd. Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NV 89103. The telephone number for Valinoti is 702/221-8875 and his fax is 702/221-8861. This is the same address to which stock certificates should be sent for exchange. About Pinnacle Business Management Pinnacle Business Management (Pink Sheets: PCBM) commenced operations in 1996 in Florida. The company operates Fast PayCheck Advance and the All Pro group of companies. Licensed to operate in nine states, Fast PayCheck Advance is a firm that offers instrument-for-instrument paycheck advance transactions, and back-end technical support for other companies that offer similar services. PCBM also operates the All Pro Group of Companies, a group of interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in businesses in Western Pennsylvania that includes automobile and telecommunications entities. For more information call Cynthia Mandel at 954/973-3493. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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