SOURCE: Pinnacle Group Unlimited Inc.

August 15, 2005 17:30 ET

Pinnacle Group Unlimited Inc. Announces Update Regarding Aerofoam Metals Inc

LAS VEGAS, NV -- (MARKET WIRE) -- August 15, 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").

Aerofoam is pleased to announce that it has successfully succeeded in reducing the minimum thickness of aluminum foamed materials to 2 mm. while retaining the consistency as related to uniform mass and structural qualities. This breakthrough is expected to provide for greater access into larger and broader markets for many of its aluminum foamed products. In addition, this ability to reduce weight factors through material reduction while retaining product integrity can result in cost reductions of up to 40% in selected products as well as facilitating the production of wider and longer profiles that will broaden our capabilities and further reduce manufacturing costs.

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 in 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, includes 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.

Contact Information

  • For further information, please contact:

    Ron Kopman
    President of Pinnacle
    Email Contact

    Paul Colacci
    President of Aerofoam
    Email Contact