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

To: fish who wrote (643)	12/14/1999 10:12:00 AM
From: bob sims	Read Replies (1) \| Respond to of 716

Desert Winds Entertainment Launches Venture for Digital Network ''DESTV.net'' Division Business Wire - December 14, 1999 09:18 MESA, Ariz.--(BUSINESS WIRE)--Dec. 14, 1999--Desert Winds Entertainment Corp. (OTCBB:DESW) a film and stage production company based in Mesa, announced today that they have joined forces with Peacock Financial Corp. (OTCBB:PFCK) to launch a joint venture in digital entertainment. Desert Winds Entertainment has established a digital entertainment division named the "Desert Digital Network" (DESTV.net) and the company will use this vehicle to air their proprietary programming such as "Cage Wars," "Wild & Wacky Road Trip" series, movie trailers and family programming. It will also serve as a host for live production promotional use. Programming will air on www.DESTV.net. Specific scheduling will be announced in an upcoming news release. Desert Winds Entertainment management feels that with the convergence of all forms of media into High Definition Television, Internet broadcasting represents immediate additional revenues into the Company and can create tremendous potential for the creation of shareholder value. Tasha Richardson, Vice President of Entertainment, stated: "Digital TV is clearly the wave of the future and we see great potential in establishing this venture as a source of additional revenue stream for the company." Steven Peacock, CEO of Peacock Financial Corp., who has provided the initial funding, stated: "We agree with Desert Winds Entertainment's vision of where this industry is going and want to be part of the growth of digital broadcasting." Peacock's subsidiary, Dotcom Ventures, will also provide to the venture certain technical and Internet expertise. 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. CONTACT: Stock Enterprises James Stock, 702/614-0003 (investor relations)