Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (8265)	12/13/1999 12:58:00 PM
From: bob sims	Read Replies (2) \| Respond to of 9440

Gary, Look at this: Peacock Financial Joins Forces With Former Lamborghini President to Expand Internet Powersite SAN JACINTO, Calif.--(BUSINESS WIRE)--Dec. 13, 1999--Peacock Financial Corp. (OTCBB:PFCK - news) today announced that it has signed a joint venture agreement with iNetPartners Inc. Peacock Financial will provide iNetPartners expansion capital via its venture fund for a 51 percent interest in the newly formed entity. Created to specialize in Internet commerce, iNetPartners was founded by Robert A. Braner, a 30-year automotive veteran and past president of Automobili Lamborghini, operating the North American and South American markets for the famed Italian sports car manufacturer. ''We are pleased to have been selected by Peacock Financial as a portfolio company,'' stated Braner, president of iNetPartners. ''With the strong commitment from Peacock, and valuable technical and Internet expertise from DotCom Ventures, a Peacock subsidiary, we will allocate resources to Web site expansion, market penetration, exposure and overall brand equity.'' iNetPartners currently owns an active Web site, www.123adc.com, Auto Discount Centers, which operates in the rapidly growing online car buying and service market. ''iNetPartners is represented perfectly in keeping with Peacock Financial Corp.'s investment policy,'' commented Steve R. Peacock, president. ''We seek opportunities in the e-commerce arena that have exceptional management behind them, and that are both revenue and market-share driven. ''And, we look for firms with strong business plans that quickly lend themselves to being taken public so as to provide an exit strategy. We have a high level of expectation from Robert Braner and iNetPartners to develop into a significant business that will benefit all shareholders, which may include a stock dividend to Peacock shareholders in the future.'' About Auto Discount Centers -- www.123adc.com Regionally branded Auto Discount Centers (www.123adc.com) provides a dynamic and very comprehensive automotive Internet site, offering consumers a positive purchasing and ownership experience. Braner, who also holds the position of CECO of ADC, stated, ''We have developed a very unique 'Virtual Region' strategy that streamlines local accessibility to pre-owned and new vehicles for the consumer, and builds strongly on the dealer-to-consumer relationship.'' Industry research shows that some 85 percent of new and used vehicles bought by consumers are purchased within 20 to 35 miles of the home or workplace. Braner continued: ''Most importantly for the company, our business model prioritizes and features pre-owned vehicles. A July 1999 statement by J. D. POWER & ASSOCIATES indicates not only has the number of people purchasing a new vehicle through an online buying service more than doubled in the past 12 months, but 26 percent of consumers buying pre-owned 1994 through 1999 model year vehicles are in fact using the Internet to help them with their purchase.'' Industry sources report that consumers' Internet research influenced $46 billion in car purchases in 1998. The convenience and cost-effectiveness of shopping for pre-owned automobiles on the Internet is clearly an established growth trend. About Peacock Financial Corp. Peacock Financial is a fully reporting investment holding company registered with the Securities and Exchange Commission as a Business Development Corporation under the Investment Company Act of 1940. Current holdings include investments in real estate and in investment banking specializing in professional sports and the Internet. The company's Web site is www.peacockfinancial.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that 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. -------------------------------------------------------------------------------- Contact: Peacock Financial Corp. Steven R. Peacock, 909/652-3885 or Stock Enterprises Jim Stock, 702/614-0003 (investors)