Peacock Financial's DOTCOM Ventures Consolidates Infrastructure With iNetPartners, Inc.; Partners With Exodus for Co-Location and Bandwidth
SAN DIEGO--(BUSINESS WIRE)--Sept. 5, 2000--Peacock Financial Corporation's (OTCBB:PFCK) subsidiary DOTCOM Ventures, LLC announced today that it has converged its network infrastructure with its investment property iNetPartners, Inc.
The company announced that it is moving its network infrastructure to Exodus Communications (NASD:EXDS) based in Irvine, CA. Exodus Communications, the market leader in bandwidth and co-location will provide a shared network environment for Peacock Financial, its subsidiaries, and investment properties. The move will allow DOTCOM to share its resources with its properties to help control costs and enhance collaboration across the entire Peacock enterprise.
"Converging iNetPartners and Peacock/DOTCOM's infrastructure was a natural step in our incubator model," stated Steven Peacock, CEO of Peacock Financial Corp. "The key elements to our decision were to significantly reduce costs, share resources, and enhance collaboration."
Steve Salcedo, Vice President of Technology for iNetPartners, Inc., added, "Our decision to partner with Exodus Communications was based on the outstanding service they've been providing iNet since its launch last spring. Exodus is also the market leader in bandwidth and co-location and is recognized as having one of the fastest and most reliable networks out there."
DOTCOM is in the process of adding its latest investment startup, Bizness Soup, to the network. Alan Lewis, CEO of DOTCOM Ventures, commented, "We've positioned ourselves with a strong core network architecture that we can modularly add components to as we build the infrastructure of our properties, as opposed to building separate, autonomous networks for each property."
This move is one instance of the DOTCOM plan to consolidate the entire Peacock enterprise into one cohesive network whereby empowering the organization with technology-driven communication and collaboration tools.
For more information, go to www.peacockfinancial.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.
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CONTACT:
DOTCOM Ventures, LLC
Candice Meyers, 858/272-2039
or
iNetPartners, Inc.
Steve Salcedo, 877/767-7117
or
Exodus Communications, Inc.
Chris Dunaway, 949/930-4333
or
Stock Enterprises, Inc.
James Stock, 702/614-0003 (Investor Relations)
or
National Financial Communications Corp.
Mario "Ike" Iacoviello, 800/878-9460 (Investor Relations)
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