SAN JACINTO, CALIF. (Oct. 12) BUSINESS WIRE -Oct. 12, 1998-- Peacock Financial Corp. (OTC BB: PFCK)
announced today that the Company has acquired a 20% interest in Linzy Capital, Inc.
Steven R. Peacock, CEO, upon making the announcement, stated, "We have been most impressed with Linzy as
an investment banking and trading equity, and this initial 20% stake is expected to grow to 100% in the near
future."
Linzy Capital, Inc. has been successful in developing a proprietary Day Trading System. Testing of both Phase I
and Phase II of the system has now concluded. Phase I proved, in real time simulation, that it can consistently
achieve a ten percent (10%) return on invested capital each month. Phase II was designed to interface the real
time portfolio with its real time trading system and, then, to "stress-test" the system. Phase II, conducted over a
three-week period, was also very successful as well as consistent in its results.
Linzy Capital's president, Clyde D. Feyrer, stated, "We are delighted to have rigorously stress-tested the System
and found the mathematical formulation for option day trading working as we had anticipated. We are especially
pleased to see the results being consistent, whether the market in general was up or down. In fact, the recent
severe market volatility served us well during both Phases of the testing cycle." Feyrer holds a BS degree in
Mathematics and has an extensive background in lasers and optics, holding over ten patents in computers and
CD technology, including one that is currently in use by NV Philips.
"We are thrilled to have Linzy Capital as part of the Peacock team!" proclaimed an excited Steven Peacock, who
was also buoyed late last week by the nearly $500,000 investment announcement by Capital Asset Management
LLC of Temecula, Calif. The Firm Commitment by Capital Asset Management is to the fund the Company
$460,000 with the first $100,000 portion to be received shortly, and 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 the publicly traded companies such as
Peacock Financial.
Peacock Financial Corporation (ticker symbol PFCK) is a fully reporting registered Business Development
Company with a rich history in real estate development through its wholly owned subsidiary, Peacock
Development Corporation. Linzy Capital, boutique investment-banking firm headquartered in Las Vegas, Nevada, is
expected to be a fully acquired by Peacock Financial Corp. as a wholly owned subsidiary.
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.
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