Subj: Peacock's DOTCOM Ventures, LLC, Opens Corporate...
Date: 6/6/00 6:20:22 AM Pacific Daylight Time
Peacock's DOTCOM Ventures, LLC, Opens Corporate Headquarters in San Diego -- Beefed Up Capacity Will Link Directly to Irvine Tech Center
SAN DIEGO, Calif.--(BUSINESS WIRE)--June 6, 2000--Peacock Financial Corporation (OTCBB:PFCK) announced today that its 100% subsidiary, DOTCOM Ventures, LLC, has opened its corporate headquarters in San Diego which will house DOTCOM's corporate administrative and project management staff.
In addition to establishing its new headquarters, the Company has installed a comprehensive (virtual private) network including in-house web site, database, and exchange servers and is in the process of installing and implementing a digital, web enabled, project management system, to further enhance its production capabilities.
Alan D. Lewis, president of DOTCOM Ventures, LLC, commented, "This location will serve as a central hub for overseeing all of Peacock's investment and production activities. In addition to adding this location, we've ramped up our human resources and plan to hire additional staff to support our mission and objectives."
Lewis further commented, "We've taken these measures to further streamline our communications, deal flow, and production management processes. By moving our infrastructure in-house and bringing in additional project management support, and firmly rooting ourselves into a strong and robust technological foundation, we're in position to fully realize our (incubator) strategy.
"Our San Diego office will have a direct link, over an ATM, to our servers in Irvine (Technology Office) allowing us the ability to directly update, refine and improve Peacock's and its affiliates' Internet and technology assets, as well as improving overall communications."
Scott Roberts, executive vice president of DOTCOM Ventures, LLC, stated, "We've come a long way in the past year and have undergone many challenges.
"We've now taken tangible steps in positioning ourselves to handle a large volume of deal flow, while further increasing our production capacity. To top things off, we've gone `back to our roots' by opening our corporate offices in the same building where Alan and I first worked together in 1996."
Steven R. Peacock, president of Peacock Financial Corporation, added, "The key to DOTCOM's industry is having access to resources. With its strong regional economy and many world-class research universities, this San Diego location will provide both a good flow of human resources and a strong base of leading edge technology companies to work with."
DOTCOM Ventures, LLC specializes in the identification, assessment, and oversight of Peacock Financial's Internet/Technology investments.
Peacock Financial is an investment holding company, fully reporting with the Securities and Exchange Commission as a BDC (Business Development Corporation) under the Investment Company Act of 1940, as amended. Its current holdings include investments in Solutions Media, Inc. (dba SpinRecords.com), Desert Winds Entertainment (DESW-NQB), First Miracle Entertainment (MVEE-NQB), DotCom Ventures, LLC (wholly owned subsidiary), iNetPartners, Inc. (iNet4Cars.com), as well as in professional soccer franchises. Peacock's various real estate activities are conducted through Peacock Development Corporation, a wholly owned subsidiary. More information can be found at www.peacockfinancial.com.
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CONTACT:
DOTCOM Ventures, LLC
Alan Lewis, 858/272-2039
or
Stock Enterprises
James Stock, 702/614-0003 (Investor Relations)
or
National Financial Communications
Mario "Ike" Iacoviello, 800/878-9460
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