Tuesday March 28, 10:00 am Eastern Time
Company Press Release
Peacock Financial Opens Irvine Technology Office for DotCom Ventures
Need for Data Center Signals Growth of Subsidiary and Its Affiliate/Portfolio Companies
SAN JACINTO, Calif.--(BUSINESS WIRE)--March 28, 2000--Peacock Financial Corp. (OTCBB:PFCK - news) today announced that its wholly owned subsidiary, DotCom Ventures LLC, has entered into a strategic partnership with TSC WebGroup Inc. to provide hosting, connectivity and hardware support to all its affiliated organizations.
The Orange County, Calif.-based ``Irvine Technology Office' will serve to augment Peacock/DotCom's ability to provide backend and hardware support services to both its affiliate and portfolio companies, extending its virtual incubator model.
Located near the campus of the University of California, Irvine (UCI), the location gives access to a state-of-the-art data center, as well as an array of professional and student human resources in the fields of computer science, finance and business administration. Orange County (Irvine) has one of the most diverse high-tech economies in the United States, trailing only Boston in high-tech concentration and diversity.
Alan Lewis, president of DotCom Ventures, stated: ``Opening the technology office is a fundamental component in our long-term incubator strategy. Through this location we will service our affiliate and our portfolio companies with Internet and back-office hardware and software hosting, maintenance and support. Our relationship with TSC WebGroup gives us the benefit of controlling our technological assets in-house, helping to control costs and ensure up time.'
Steven Peacock, president of Peacock Financial, further commented: ``We are beginning to see tangible steps being taken by DotCom in moving forward with our incubator strategy by leveraging key relationships with partners who not only provide knowledge and expertise in their respective fields but also open up opportunities to larger markets. TSC WebGroup is poised to make moves into both China and Australia, and we're going to be there with them.'
Peacock Financial is an investment holding company, fully reporting with the Securities and Exchange Commission as a BDC (Business Development Corporation) under the Investment Company Act of 1940, as amended.
Its current holdings include investments in Solutions Media Inc. (SpinRecords.com), Desert Winds Entertainment (OTCBB:DESWE - news), First Miracle Entertainment (OTCBB:MVEEE - news), DotCom Ventures LLC (wholly owned subsidiary) and iNetPartners Inc. (iNetMotors.com), as well as in professional sports with a substantial equity position in San Diego Soccer Development Corp. (NQB:SDSD), the Orange County Waves and the San Francisco Bay Seals (both wholly owned professional soccer franchises).
Peacock's real estate ventures are conducted through Peacock Development Corp., a wholly owned subsidiary. More information can be found at www.peacockfinancial.com.
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 SEC.
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Contact:
Peacock Financial Corp., San Jacinto
Steve Peacock, 909/652-3885
or
Stock Enterprises, Las Vegas
James Stock, 702/614-0003 (investors)
or
National Financial Communications
Mario "Ike" Iacoviello, 800/878-9460 (investors)
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More Quotes and News: Peacock Financial Corp (OTC BB:PFCK.OB - news)
Related News Categories: computer hardware, computers, internet, publishing, telecom
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