SAN JACINTO, CALIF. (Nov. 5) BUSINESS WIRE -Nov. 5, 1998--Peacock Financial Corp. (OTC BB: PFCK) has executed a funding agreement with the
professional soccer team San Diego FLASH, resulting in the acquisition of a percentage interest in the sports team and company.
Steven Peacock, president of Peacock Financial, stated, "We have struck what should be a win-win situation for both companies. Peacock's involvement
in the FLASH at this stage financially stabilizes the team and bridges their operations into the next season. And with the near-term plans to go public,
and ultimately to become a Major League Soccer team, Peacock shareholders will be in a position to grow with the team as a significant investor in a
very exciting professional sports franchise."
Yan Skwara, president of San Diego Soccer Development Corp., which owns and operates the San Diego FLASH, welcomed Peacock's support and
ownership stake. "Steve Peacock's vision is well founded. The FLASH has already proven itself as a significant and competitive pro soccer team by
winning the Pacific Division Championship in its first year, and our goal is to emerge as the MLS franchise for San Diego." Skwara meets with investment
bankers later this month to prepare to take his company public early next year with an estimated $5 million initial public offering.
Peacock Financial is a business development corporation (BDC) 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 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 beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the
Securities and Exchange Commission.
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