SOURCE: Pinnacle Group Unlimited Inc.

August 18, 2005 16:00 ET

Pinnacle Group Unlimited Inc. Announces AeroFoam Metals Inc. to Hold Special Shareholders Meeting

LAS VEGAS, NV -- (MARKET WIRE) -- August 18, 2005 -- Pinnacle Group Unlimited Inc. (OTC: PGPU) who has a signed letter of intent with Aerofoam, is pleased to announce the following information regarding Aerofoam Metals Inc.("Aerofoam").

A special shareholders meeting has been scheduled for September 15, 2005 for the purpose of obtaining shareholder approval for the acquisition by Pinnacle Group Unlimited Inc, of all the issued and outstanding shares of Aerofoam.

Paul Colacci, being the majority shareholder, has agreed by written contract to vote in favour of the takeover.

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; the uncertainty of the emerging economy; including the economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The Pink Sheets does not accept responsibility for the adequacy of this release.

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