BELLINGHAM, Wash., Aug. 25, 2005 (PRIMEZONE) -- Pinnacle Developments Inc. (Pink Sheets:PNCV) announces its intention to expand operations to the distribution of specialty products used by major forest products companies in British Columbia and Alberta, Canada, in production and remanufacture of wood products.
The initial product will supply market demand in the regional and local market place for quality lath. A lath is a wooden strip used by wood products plants to stabilize finished products in the packaging and shipping phase of the operation. These wooden lath are placed by machine at intervals of 4 to 5 strips for every six tiers of lumber.
The product consists of imported lath manufactured from the tree species Falcata which provides a near clear lath product ideally suited for the machine placement of lath used by the forest industry. The market is currently dissatisfied with the available products and is limited in its choice of alternatives. The product Pinnacle has arranged to be distributed is of a vastly superior quality than any alternatives handled by competitors.
The initial market opportunity consists of 50% of the 13,000,000 lath consumed in British Columbia, Canada, representing potential gross sales of $650,000 per month with a 10-40% profit on sales.
Please visit the company's website www.pinnacledevinc.com for further information.
Certain statements contained herein are "forward looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.