BIOFRIENDLY.............
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Monday August 21, 9:08 am Eastern Time
Press Release
Peacock Financial Acquiring 7% Stake in Bio-Friendly Corporation
MONROVIA, Calif.--(BUSINESS WIRE)--Aug. 21, 2000--Peacock Financial Corporation, (OTCBB:PFCK - news) today reported that they have recently purchased 625,000 shares of BIO-FRIENDLY Corporation common stock, equal to approximately 7% of the privately held Monrovia, Calif.-based technology concern.
BIO-FRIENDLY's catalyst reduces emissions in either gasoline or diesel applications by up to 70 percent. This technology involves the unique ability to not only more completely combust the fuel, but to also cause the carbon that builds up in normal internal combustion engines to gradually burn away completely once the catalyst is regularly used.
Test marketing began late last year in the utility industry in the U.S. and also in Mexico City with very favorable results. Extensive evaluation and tests are currently underway by CARB (California Air Resources Board), who set emission standards for California.
Bob Carroll, chief executive officer of BIO-FRIENDLY Corp., stated that, ``Mexico City is known for having an extremely bad pollution problem. We are pleased with initial results, and believe there is a possibility that the government may mandate the use of our catalyst in all fuel sold throughout the entire city.''
On a worldwide basis, there is approximately $2 trillion worth of fuel burned each year, from boilers and furnaces generating electricity to aircraft jet engines and automobiles using huge volumes of fuel daily.
``An improved bio-friendly combustion catalyst for the multi-billion dollar U.S. auto and truck market would have far-reaching benefits, both financially and environmentally,'' commented Carroll.
In a related development, it was announced that Steven Peacock, president and CEO of Peacock Financial Corp., would be joining the board as a director of BIO-FRIENDLY Corporation.
Peacock stated, ``We are extremely excited at the prospects of BIO-FRIENDLY'S future, and to be associated with the Company. Their technology is in keeping with Peacock's business model of identifying promising companies with a cutting edge product or service that can enable a very fast growth rate. Bob Carroll is highly focused on exploiting the BIO-FRIENDLY product quickly, and Peacock is proud to be an early investor and supporter in this regard.''
For more information, go to: www.peacockfinancial.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward looking statements. The company is not required to update its forward-looking statements.
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Contact:
Peacock Financial Corp.
Steven Peacock, 909/652-3885
or
Bio-Friendly Corp.
Robert Carroll, 626/303-6000
or
Stock Enterprises Inc. (Investor Relations)
James Stock, 702/614-0003
or
National Financial Communications Corp.
(Investor Relations)
Mario "Ike" Iacoviello, 800/878-9460
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