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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion -- Ignore unavailable to you. Want to Upgrade?

To: TheDad who wrote (587)	9/21/1999 10:21:00 AM
From: CSage	Read Replies (1) \| Respond to of 716

NEWS OUT! (BSNS WIRE) Peacock Financial Corporation Partners With Minority Federal Peacock Financial Corporation Partners With Minority Federal Contractor ''VIR-TEK Company'' Business Editors SAN JACINTO, Calif.--(BUSINESS WIRE)--Sept. 21, 1999--Peacock Financial Corporation (OTC BB:PFCK) announced that it has become a 49% partner in VIR-TEK Company, a minority disabled veteran engineering and contracting firm, formed to take advantage of recently passed federal legislation (H.R. 1568) requiring preference on all programs and projects funded by federal dollars. Steven R. Peacock, President of Peacock Financial Corporation stated, "This is a natural for us. Our 22 years of experience in real estate development includes a network of subcontractors in virtually all aspects of engineering and construction. We are also pleased to be working with Virgil Woolfolk, our 51% minority disabled veteran partner, who contacted us to join him and to help expand his existing business specializing in environmental planning and water quality issues." "With the passing of the Veterans Entrepreneurship and Small Business Development Act of 1999 (H.R. 1568), it became obvious that I had a chance to expand my business," stated Virgil Woolfolk. "I selected Peacock Financial Corporation because of its reputation, proven integrity, and its ability to bring in the right subcontractors to bid on the huge volume of work made available to VIR-TEK Company through this new Federal legislation." Mr. Peacock, president of Peacock Financial, confirmed that VIR-TEK Company is currently in process of being included on the bid lists of all governmental agencies in Southern California, including all school districts. Also, he indicated that net profits through the year 2000 are projected to reach or exceed $1 million from this alone. 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. --30--jd/mi* CONTACT: Peacock Financial, San Jacinto Steven Peacock, 909/652-3885 Related Websites: www.peacockfinancial.com/ KEYWORD: CALIFORNIA INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE GOVERNMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com