$300,000 Raised by Peacock Financial Corp.
SAN JACINTO, CALIF. (Feb. 8) BUSINESS WIRE -Feb. 8, 1999--Peacock Financial Corp. (OTC BB: PFCK) Monday announced that it has raised an
initial $300,000 from a consortium of private investors in the form of equity to be used for working capital and for financing its subsidiary operations.
Some additional announcements regarding new funding and investments are expected in the near term.
Steven R. Peacock, president of Peacock Financial, stated: "This timely infusion of capital into the public holding company enables us to make
strategic, targeted investments into Solutions Media Inc. and into Valley Lumber & Ironwood Co. Investment into these two exciting, new additions to the
Peacock Financial network will help advance their business plans and generate revenue.
"In addition," Peacock continued, "we have capitalized our proprietary option trading program which is now being managed by Spectrum Securities Inc., a
Newport Beach, California based professional trading firm headed by Mr. Jim DeMers."
Peacock Financial Corp. is a fully reporting investment holding company registered with the Securities and Exchange Commission as a Business
Development Comapny under the Investment Act of 1940. Current holdings include investments in real estate, investment banking, program trading, the
Internet, lumber importation and professional sports.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are
forward-looking statements, which 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 SEC.
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