Monday December 20, 09:01 AM Eastern time
Company Press Release
Peacock Financial Seeks Assistance of "Street Name" Shareholders Relative to Upcoming Stock Dividend
SAN JACINTO, Calif.--(BUSINESS WIRE)--Dec. 20, 1999--Peacock Financial Corporation (OTC BB: PFCK) announced today they are asking for the cooperation of its "street name" shareholders in assisting the Company in the timely and proper distribution of its next stock dividend. As previously announced, 300,000 shares of SOLUTIONS MEDIA, INC. dba SpinRecords.Com ("SMI") owned by the Company will be disbursed as a dividend to Peacock shareholders. The official date of record is the close of business December 31, 1999. For approximately every one hundred (100) shares of Peacock Financial Corporation owned, Peacock shareholders will receive one (1) share of SOLUTIONS MEDIA/SpinRecords.Com.
The Company Recommends As Follows:
Peacock shareholders whose shares are held in Street Name (held by and in the name of their brokerage firm) should immediately contact their brokerage firm and ask that they wish to be listed as a "Non-Objecting" (NOBO) Peacock Financial stockholder and they be moved to "NOBO" status for their Peacock shares.
This will be the second distribution of a stock dividend made by Peacock Financial since becoming a fully reporting Business Development Company. The first such distribution, paid in July 1999, consisted of shares in San Diego Soccer Development Corp. (SDSDC), owner of the FLASH, a professional soccer team franchise. When dividend shares were disbursed last summer, numerous "Street Name" shareholders did not receive shares as all certificates were issued. In contrast to SDSDC's dividend, Solutions Media's shares will not be issued in bulk certificate form payable to brokerage firms. These shares will only be issued and made payable to the actual name of the account holder as per the official record date.
Steve Peacock, president of Peacock Financial Corp., stated, "Those shareholders who are in possession of the actual certificate need to take no action except to make sure their current address is on file with the Company if they have moved since purchasing their shares. However, shareholders that have shares held by a brokerage firm, and their brokerage does not have them on NOBO status, need to contact their brokerage firm's customer service department and ask that they are moved to NOBO (Non-Objecting) status immediately."
About Peacock Financial Corporation
Peacock Financial Corporation is a fully reporting investment holding company registered with the SEC 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 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.
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Contact:
Stock Enterprises
Jim Stock, 702/614-0003
or
Peacock Financial
Steven R. Peacock, 909/652-3885
URL: (www.peacockfinancial.com)
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