: (PFCK) Desert Winds Entertainment Launches Venture for Digital Network
''DESTV.net'' Division
MESA, Ariz., Dec 14, 1999 (BUSINESS WIRE) -- Desert Winds
Entertainment Corp. (OTCBB:DESW) a film and stage production company
based in Mesa, announced today that they have joined forces with
Peacock Financial Corp. (OTCBB:PFCK) to launch a joint venture in
digital entertainment.
Desert Winds Entertainment has established a digital entertainment
division named the "Desert Digital Network" (DESTV.net) and the company
will use this vehicle to air their proprietary programming such as
"Cage Wars," "Wild & Wacky Road Trip" series, movie trailers and family
programming. It will also serve as a host for live production
promotional use.
Programming will air on www.DESTV.net. Specific scheduling will be
announced in an upcoming news release.
Desert Winds Entertainment management feels that with the convergence
of all forms of media into High Definition Television, Internet
broadcasting represents immediate additional revenues into the Company
and can create tremendous potential for the creation of shareholder
value.
Tasha Richardson, Vice President of Entertainment, stated: "Digital TV
is clearly the wave of the future and we see great potential in
establishing this venture as a source of additional revenue stream for
the company."
Steven Peacock, CEO of Peacock Financial Corp., who has provided the
initial funding, stated: "We agree with Desert Winds Entertainment's
vision of where this industry is going and want to be part of the
growth of digital broadcasting." Peacock's subsidiary, Dotcom Ventures,
will also provide to the venture certain technical and Internet
expertise.
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 detailed from time to time
in the Company's filings with the Securities and Exchange Commission.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Stock Enterprises
James Stock, 702/614-0003 (investor relations)
WEB PAGE: businesswire.com
GEOGRAPHY: ARIZONA
INDUSTRY CODE: ENTERTAINMENT
INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story *** |
