Pete Wentz In A New Band?

Rumor has it that Pete Wentz formerly of Fall Out Boy is the newest member of the Black Cards.
He posted the following message on his website:

├óΓé¼┼ôThere will be no treasure hunt. no viral campaign. just the opposite – next week things will appear on this site in a very controlled distribution. if you enjoy it, keep coming back. if its not for you than we understand.├óΓé¼┬¥

Inneresting!
Do U want to hear new music from Pete?
[Image via WENN.]