Pinnacle Energy Corp. Completes Acquisition of Harbin Aerospace Company; Appoints William McKay as Chief Executive Officer; Plans on Pursuing Aerospace Market in China

SAN JUAN CAPISTRANO, CA--(Marketwire - February 3, 2010) - Pinnacle Energy Corp. (OTCBB: PENC) announces that on February 1, 2010, it completed the acquisition of the aircraft component part design, engineering and manufacturing business of Harbin Aerospace Company, LLC. The transaction was structured as an asset acquisition.

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