PFCK news. 5 mils is a good endorsement of the PFCK vision and the company efforts.
Wednesday March 15, 9:25 am Eastern Time
Company Press Release
Peacock Announces $5 Million Funding
SAN JACINTO, Calif.--(BUSINESS WIRE)--March 15, 2000--Peacock Financial Corp. (OTCBB:PFCK - news) announced today that it has received a $5 million funding commitment, of which $1.5 million has already been received. The equity funding was arranged through a private investor group, as a result of a recent visit to the New York financial district by the Company's president. The balance of $3.5 million can be drawn down as needed by Peacock over the next six months.
Steven R. Peacock, president of Peacock Financial Corporation, stated, ``It is a pleasure to have the support of large investors who share in the same vision, and in the direction, Peacock is taking to develop itself as a major publicly traded venture capital firm.'
Use of proceeds of the $5 million will be primarily targeted for investment into deals identified by DotCom Ventures, a Peacock Internet subsidiary; and secondarily, into the Company's professional sports division, and into its real estate interests.
Peacock Financial Corporation is an investment holding company, fully reporting with the Securities & 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. (SpinRecords.com), Desert Winds Entertainment (OTCBB:DESW - news), First Miracle Entertainment (OTCBB:MVEE - news), DotCom Ventures llc (wholly owned subsidiary), iNetPartners Inc. (iNetMotors.com), as well as in professional sports with equity in San Diego Soccer Development Corp. (NQB:SDSD), the Orange County Waves and the San Francisco Bay Seals (both wholly owned 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 peacockfinancial.com.
Safe-harbor statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. This information is not a recommendation to buy or sell securities of PFCK. Merger Communications (Merger) is a media relations firm employed by PFCK. Merger and PFCK believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger Communications, its officers, directors and employees own 130,000 shares of PFCK common stock. Merger typically has a long position in the securities of the companies in which it distributes information, and Merger may be buying or selling securities in the course of its regular business. For more information on Merger's services, visit mergerusa.com. |
