SALT Payroll Consultants, Inc., Forms Strategic Alliance with C&I Tax Consultants

TAMPA, Fla., July 15 /PRNewswire-FirstCall/ -- SALT Payroll Consultants ("SALT"), a subsidiary of Pinpoint Recovery Solutions, Corp. (BULLETIN BOARD: PPNT) a provider of payroll tax recovery services, has entered into a strategic alliance with C&I Tax Consultants. The alliance will allow SALT the opportunity to offer its existing clients, through C&I, the potential benefits of lucrative California Enterprise Zone Tax Credits.

Established in 1984, the Enterprise Zone Credits offer companies doing business in California's 42 designated "Enterprise Zones" huge dollar for dollar tax credits for each qualified employee hired. Employers can effectively reduce their tax burden and increase their cash flow. Companies operating in the Enterprise Zones also qualify for credits equaling the sales or use tax paid on qualified equipment or machinery. Lenders also pay no tax on interest from loans made to companies operating in the Enterprise Zones.

About C&I Tax Consultants

C&I Tax Consultants is one of the leading consultants in the niche area of the California Enterprise Zone Tax Credits. Founded by a former Big Five accountant, C&I has saved its clients millions of dollars in taxes. With a sophisticated base of tax knowledge, C&I partners with accountants, venture capitalists, and other professionals to identify and maximize the credit opportunities for its clients. C&I developed its own proprietary software program that streamlines the credit analysis and ensures accurate and professional reporting. Because the credits are not limited to any type of industry, C&I's client base ranges from law firms to hotels and nursing homes, manufacturers, dealerships, distributors and any company that has successfully built up its employee base and seeks to reduce its tax burden.

About SALT Payroll Consultants, Inc.

SALT Payroll, Inc., a subsidiary of Pinpoint Recovery Solutions, Corp. (OTC BB: PPNT), based in Tampa, FL, provides federal, state and local payroll and unemployment tax recovery services.

With the exception of historical information, the matters discussed in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve a number of risks and uncertainties about Pinpoint and SALT. The actual results may differ materially depending on a number of risk factors. In some cases, you can identify forward-looking statements by use of words such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other similar words. Although Pinpoint and SALT believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Pinpoint or SALT, or any other person, that such forward-looking statements will be achieved. Neither Pinpoint nor SALT undertakes any duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risks factors detailed in Pinpoint's reports filed with the Securities and Exchange Commission.

  Press Contact:
  Pinpoint Recovery Solutions, Corp.            C&I Tax Consultants
  John Leslie, Chief Financial Officer          Naomi Dotan
  (914) 723 6171                                (310) 435 1547

CONTACT: John Leslie, Chief Financial Officer of Pinpoint Recovery Solutions, Corp., +1-914-723-6171; or Naomi Dotan of C&I Tax Consultants, +1-310-435-1547

Web site: http://www.saltpayroll.com/

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