Pinnacle Announces Two New Board Members

Syracuse, NY – Pinnacle Holding Company, LLC announces the appointment of two new
members to its Board of Directors. Joining the Board of Directors are Dalton J. Axenfeld, CPA
and Elizabeth N. Bartlett.

Dalton J. Axenfeld currently serves as the Controller for Pinnacle Holding Company, LLC, and
oversees the financial reporting and accounting of the holding company and each subsidiary.
Dalton has over five years of public accounting experience, and is currently focused on
improving financial communications with the Board. He is a Certified Public Accountant (CPA) in
the state of New York, is a member of the New York state Society of CPAs (NYSSCPA) and the
American Institute of CPAs (AICPA). After graduating from Le Moyne College, where he received
his B.S. in Accounting, Axenfeld obtained an MBA from Ithaca College.

“After an extensive search for someone for this vital role of Controller for our firm, we are
delighted to have had Dalton with us this past year. He has allowed us to focus on other
aspects of our business while he has worked with our management, board, and auditors to
ensure confidence in our financial reporting”, said Gregg Kidd, CEO of Pinnacle. “Because of his
positive impact on our business, we are excited to have him join our board.”

Elizabeth N. Bartlett joined Pinnacle in 2005 and currently serves as the Chief Business
Development Officer for Pinnacle Holding Company, LLC. She has previously held positions at
Pinnacle in marketing, HR and administration. Bartlett’s main focus is to identify and develop
new business and branding opportunities. In her role, she works closely with CEO, Gregg Kidd to
identify opportunities and create and implement growth strategies.

“Liz brings a wealth of experience to our company and has great insights into how to best build
our brand and expand our presence nationally,” said CEO Gregg Kidd. “I believe that she will be
an asset to our board as she has been throughout her career.”

“I am excited to join the Pinnacle Holding board and work with our exceptional team,” said
Bartlett. “Pinnacle continues to grow and innovate and I look forward to using my experience to
contribute to our aggressive growth plans.

Founded in 1996, Pinnacle Holding Company is a diversified financial services firm with 10 offices
in 5 states. It is headquartered in Syracuse, New York.

Visit www.Pinnacle‐LLC.com for more information.

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