NEWS OUT!
(BSNS WIRE) Peacock Financial Corporation Partners With Minority Federal
Peacock Financial Corporation Partners With Minority Federal Contractor
''VIR-TEK Company''
Business Editors
SAN JACINTO, Calif.--(BUSINESS WIRE)--Sept. 21, 1999--Peacock
Financial Corporation (OTC BB:PFCK) announced that it has become a 49%
partner in VIR-TEK Company, a minority disabled veteran engineering
and contracting firm, formed to take advantage of recently passed
federal legislation (H.R. 1568) requiring preference on all programs
and projects funded by federal dollars.
Steven R. Peacock, President of Peacock Financial Corporation
stated, "This is a natural for us. Our 22 years of experience in real
estate development includes a network of subcontractors in virtually
all aspects of engineering and construction. We are also pleased to be
working with Virgil Woolfolk, our 51% minority disabled veteran
partner, who contacted us to join him and to help expand his existing
business specializing in environmental planning and water quality
issues."
"With the passing of the Veterans Entrepreneurship and Small
Business Development Act of 1999 (H.R. 1568), it became obvious that
I had a chance to expand my business," stated Virgil Woolfolk. "I
selected Peacock Financial Corporation because of its reputation,
proven integrity, and its ability to bring in the right subcontractors
to bid on the huge volume of work made available to VIR-TEK Company
through this new Federal legislation."
Mr. Peacock, president of Peacock Financial, confirmed that
VIR-TEK Company is currently in process of being included on the bid
lists of all governmental agencies in Southern California, including
all school districts. Also, he indicated that net profits through the
year 2000 are projected to reach or exceed $1 million from this alone.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which 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.
--30--jd/mi*
CONTACT: Peacock Financial, San Jacinto
Steven Peacock, 909/652-3885
Related Websites: www.peacockfinancial.com/
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE GOVERNMENT
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