VANCOUVER, British Columbia, Aug. 20, 2004 (PRIMEZONE) -- The Board of Directors of Execustaff, Inc. (Pink Sheets:EXAF) is pleased to announce that the Company intends to change its name to Pinnacle Developments Inc. to reflect the Company's intended growth in the natural resources and forestry sectors. The proposed name change is subject to regulatory and state approval.
Management and directors of the company believe this name change is necessary to more accurately reflect the focus of the company.
On behalf of the Board of Directors Victor Schwab, CFO Execustaff, Inc.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.