Subj: Peacock Acquires 70 Percent of Talk Radio Program;...
Date: 6/20/00 7:33:01 AM Pacific Daylight Time
Peacock Acquires 70 Percent of Talk Radio Program; Bizness Soup Revenues Exceeded $5M in 1999
SAN DIEGO--(BUSINESS WIRE)--June 20, 2000--Peacock Financial Corp. (OTCBB:PFCK) today announced that it has made an investment into Bizness Soup Talk Radio.
Bizness Soup, established in 1995, operates a nationally syndicated broadcast network in 20 major markets. The financing will go to further market expansion and the development of a robust Internet presence that will include broadcasting the program online.
"This investment represents the next stage of our expanding communications network," stated Steve Peacock, president of Peacock Financial. "Ultimately, Bizness Soup will be one of many revenue-driven components for the Peacock media/communications network that will include both traditional and online radio, television and print.
"We also intend to leverage the interactive communications capabilities of the Internet with dynamic Web sites and e-mail."
John DeBevoise, founder and host of Bizness Soup, is a veteran radio broadcaster with a strong and respected following. Bizness Soup's revenues have been steadily growing, exceeding $5 million in 1999. Bizness Soup uses content-rich, entertaining, multimedia presentations to cross-promote and network companies and businesses.
It frequently profiles emerging-growth companies and often invites these companies' CEOs onto the show.
DeBevoise stated: "We are very excited to have the financial and management support of Peacock Financial. Bizness Soup was developed to help business use the media to let everyone know who they are and what they do. Obviously, no one will ever invest in a company if they don't know they exist.
"This relationship with Peacock will allow us to deliver our message to an expanded audience, whereby increasing our exposure, revenue and value."
Alan Lewis, president of DOTCOM Ventures LLC, a subsidiary of Peacock Financial, conducted the initial due diligence on Bizness Soup Talk Radio.
Lewis stated: "This is the first component to a comprehensive online and offline media network that will give Peacock access to a global audience. This investment will enable Peacock to penetrate both the traditional and high-tech markets allowing greater exposure to the company, its affiliates and its investments."
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 wholly owned subsidiary, DOTCOM Ventures, specializes in the identification, assessment and oversight of Peacock Financial's Internet/technology investments. Peacock's various real estate activities are conducted through Peacock Development Corp., also a wholly owned subsidiary.
More information can be found at www.peacockfinancial.com and www.bizsoup.com.
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CONTACT:
Bizness Soup Talk Radio
John W. DeBevoise, 909/453-3025
host@bizsoup.com
or
DOTCOM Ventures LLC
Alan Lewis, 858/272-2039
or
Stock Enterprises Inc. (investors)
James Stock, 702/614-0003
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