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Pinnacle Development Inc (PNCV.PK)

PNCV Website-

PNCV financials-

PNCV Announces Agreement for the Acquisition of a Wood Processing Facility, Inventory, Rolling Stock, and a Timber Tenure-

PNCV plans to file with the SEC by the fourth quarter of 2005-

PNCV Announces Acquisition of Cantech Fibre Corporation-

PNCV Headlines-

Pinnacle Developments Inc. is a company led by a group of professionals with over 100 years experience in the forest industry. These executives have been involved with management and finance of large forest companies in B.C. and are now applying this experience and expertise to build a forest company that will avail itself of unique opportunities now occurring in this sector. Pinnacle Developments Inc. plans to initially produce raw wood products for resale to value added re-manufacturers in America and overseas. These products include hardwood and softwood lumber and cants as well as dry and green veneer. This latter product will be sold to plywood and laminated lumber producers.

Investor Relations Email:

Correct Share Structure as of 6/30/2005-
100,000,000 Authorized Common Shares
29,574,123 Outstanding Common Shares
7,680,790 Free Trading

PNCV is actively pursuing the following acquisitions.

1. A hardwood mill currently producing lumber for the U.S. market place. This acquisition would provide gains through the vertical and manufacturing integration. The mill is ideally located along the Fraser river in Mission, British Columbia and is situated on 9 acres of property.

2. A housing prefabrication company selling products in Canada and the United States. This prefabrication housing company is Vancouver, British Columbia fabricates house structures in an automated manufacturing process that reduces the cost of construction by 20-30%.

3. A timber harvesting division of small businesses sales along the coast of British Columbia and the interior.

4. Timber harvesting tenures of 500,000 m3 (damaged by pine beetle infestation) in the central interior of British Columbia to be processed into soft wood cants utilizing the micro mill concept. Cantech intends on using micro-mills at the logging site for processing wood fiber thus creating an inventory on demand cycle.

Investment Policies
Pinnacle will be actively investigating suitable opportunities to merge with or acquire existing operations to create a more fully integrated resource company. As a component of any acquisition, real estate may be purchased and used in the setup of milling operations where applicable. Land will be used to increase the productivity of milling sites.

Posts: 241 | From: USA | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator

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