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YOU THINK THEY KNEW IT WAS COMING TODAY...
(COMTEX) B: (DESW) Peacock Financial Joins Forces With Desert Winds E
B: (DESW) Peacock Financial Joins Forces With Desert Winds Entertainment to
Form Digital Network ''DESTV.NET''
SAN JACINTO, Calif., Dec 15, 1999 (BUSINESS WIRE) -- Peacock Financial
Corp. (OTCBB:PFCK) today announced that it has entered into an
agreement with Desert Winds Entertainment (OTCBB:DESW) to form a
Digital Entertainment division called DESERT DIGITAL NETWORK
(DESTV.NET).
The agreement calls for Peacock to finance the initial startup costs,
through its venture fund, in the form of convertible debt and to
provide technical and marketing assistance through Peacock's
subsidiary, DotCom Ventures LLC.
Steve Peacock, president of Peacock Financial, stated: "This investment
into Desert Winds Entertainment represents our first step into the area
of digital broadcasting. Combining forces with a company that has
current revenues, existing content ready for broadcast over the
Internet, and is already publicly traded, Peacock's move into digital
entertainment meets our investment criteria and will create tremendous
future opportunity."
"Digital television is clearly the wave of the future," stated Tasha
Richardson, vice president of entertainment for Desert Winds
Entertainment. "By teaming with Peacock Financial Corp., we have access
to the funding necessary to begin airing our existing content over the
Internet and have the added value of the technical and marketing
assistance of DotCom Ventures LLC."
About Peacock Financial
Peacock Financial is a fully reporting investment holding company
registered with the Securities and Exchange Commission as a Business
Development Corporation under the Investment Company Act of 1940.
Current holdings include investments in real estate and in investment
banking specializing in professional sports and the Internet.
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
(COMTEX) B: (DESW) Peacock Financial Joins Forces With Desert Winds E
B: (DESW) Peacock Financial Joins Forces With Desert Winds Entertainment to
Form Digital Network ''DESTV.NET''
SAN JACINTO, Calif., Dec 15, 1999 (BUSINESS WIRE) -- Peacock Financial
Corp. (OTCBB:PFCK) today announced that it has entered into an
agreement with Desert Winds Entertainment (OTCBB:DESW) to form a
Digital Entertainment division called DESERT DIGITAL NETWORK
(DESTV.NET).
The agreement calls for Peacock to finance the initial startup costs,
through its venture fund, in the form of convertible debt and to
provide technical and marketing assistance through Peacock's
subsidiary, DotCom Ventures LLC.
Steve Peacock, president of Peacock Financial, stated: "This investment
into Desert Winds Entertainment represents our first step into the area
of digital broadcasting. Combining forces with a company that has
current revenues, existing content ready for broadcast over the
Internet, and is already publicly traded, Peacock's move into digital
entertainment meets our investment criteria and will create tremendous
future opportunity."
"Digital television is clearly the wave of the future," stated Tasha
Richardson, vice president of entertainment for Desert Winds
Entertainment. "By teaming with Peacock Financial Corp., we have access
to the funding necessary to begin airing our existing content over the
Internet and have the added value of the technical and marketing
assistance of DotCom Ventures LLC."
About Peacock Financial
Peacock Financial is a fully reporting investment holding company
registered with the Securities and Exchange Commission as a Business
Development Corporation under the Investment Company Act of 1940.
Current holdings include investments in real estate and in investment
banking specializing in professional sports and the Internet.
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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Peacock Financial
Steven R. Peacock, 909/652-3885
Web site: www.peacockfinancial.com
or
Stock Enterprises
Jim Stock, 702/614-0003 (investor contact)
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA
INDUSTRY CODE: INTERNET |
