Thursday October 8, 1:15 pm Eastern Time
Company Press Release
Peacock Financial Corp. is Funded With $460,000
Via Capital Asset Management LLC
SAN JACINTO, Calif.--(BUSINESS WIRE)--Oct. 8, 1998--Peacock Financial Corp. (OTC BB: PFCK - news)
confirmed today that it has entered into a firm commitment to fund the Company $460,000 via Capital Asset
Management, LLC, a Temecula, California-based investor.
The first $100,000 portion is to be received in 3 weeks, with the balance to be received in $30,000 monthly increments
over a one-year period. Capital Asset Management, LLC manages IPO/Emerging Growth Company, LLC and is
established for the purpose of providing short term funding to publicly traded companies such as Peacock.
In addition, Capital Asset Management has entered into a financial public relations agreement with Peacock Financial
Corp. This activity begins immediately, and is expected to involve dissemination of company information about the
Peacock investment opportunity to investors and stock brokers over the Internet, radio, and other media sources.
Steven Peacock, President of Peacock Financial Corporation, stated, ''We welcome Capital Asset Management as
shareholders into our firm, and appreciate their vote of confidence in this regard to the future of Peacock Financial.''
Peacock Development Corporation, a wholly owned subsidiary of Peacock Financial Corp., is a BDC (business
development corporation) with 22 years of real estate experience in land assemblage and planning, infrastructure design
and construction, and inner city redevelopment projects. The company's most recent developments are near the Eastside
Reservoir, a $3 billion recreational lake in the San Jacinto Valley, currently under construction by the Metropolitan Water
District of Southern California. The lake is expected to draw an estimated 2 million visitors per year to the San Jacinto
Valley.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which
are not historical fact 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 in testing and evaluation of products and other risks detailed from time to time in the Company's fillings with the
Securities and Exchange Commission.
Contact:
Peacock Financial Corp.
Steven Peacock, 909/487-8911 |
