Monday September 21, 11:43 am Eastern Time
Company Press Release
Peacock Financial Corp. Subsidiary Successful With
First Phase of Day-Trading Program -- 100+%
Monthly Return Achieved
SAN JACINTO, Calif.--(BUSINESS WIRE)--Sept. 21, 1998--Peacock Financial Corp. (Nasdaq:PFCK - news;
OTC/BB:PFCK - news) announced that the investment banking division being acquired, Linzy Capital Inc. has been successful
in developing a Day Trading System for equity option contracts.
Phase I of the program, which involved a series of test trades without using real money, has now concluded. Phase I provided,
in real time trading, and demonstrated over the past two months, that it can consistently achieve 10% return on investment each
play, equating to more than 100% each month.
Linzy Capital has now entered Phase II which is to interface the real time portfolio with its real time trading system using the
Internet, and using real money. Phase II is expected to last two weeks. If successful, the proprietary trading system may be
gradually implemented as a means of enhancing returns on available cash reserves. In addition, the system may be marketed to
the financial community via a national marketing program.
Linzy Capital's president, Clyde D. Feyrer, stated, ''We are delighted to have tested and found a mathematical formulation and
system for option trading that appears to work during very short periods of time. We are especially pleased to see the results
coming in consistently, whether the market in general was up or down. In fact, the recent severe market volatility served us well
during the Phase I testing cycle.'' Feyrer holds a bachelors of science degree in mathematics and has an extensive background
in lasers and optics, holding more than 10 patents in computers and CD technology, including one that is currently in use by NV
Philips.
Peacock Financial is a fully reporting registered Business Development Company with a rich history in real estate development
through its wholly owned subsidiary, Peacock Development Corp. Linzy Capital, a boutique investment-banking firm with
headquarters in Las Vegas, is being acquired by Peacock Financial, with closing intended to occur once the secondary offering
announced last week is completed.
Contact:
Peacock Financial Corp.
Steven Peacock, 909/487-8911 |
