To: LANCE B who wrote (2601 ) 1/5/2000 9:24:00 AM From: BRea Respond to of 4792
( BW)(CA-PEACOCK-FINANCIAL)(PFCK) Peacock Financial Restructures DOTCOM Ventures LLC Into a Wholly Owned Subsidiary Business Editors SAN JACINTO, Calif.--(BUSINESS WIRE)--Jan. 5, 2000--Peacock Financial Corp. (OTCBB:PFCK) today announced that it has entered into an agreement with DOTCOM Ventures, LLC, to restructure the company as a wholly owned subsidiary. DOTCOM Ventures, a San Diego-based Internet Production company, was formed in 1999 by Peacock Financial and the co-founders of Solutions Media Inc. to assist with their Internet presence and evaluate Internet-related investment opportunities. Alan Lewis, president of DOTCOM Ventures, stated, "The transition to a wholly owned subsidiary of Peacock Financial will allow us to completely focus our efforts on assessing and incubating its current and future Internet holdings, helping to ensure they achieve Peacock's vision for growth, market impact, and return on investment." Steven R. Peacock, president of Peacock Financial, stated, "By re-shaping DOTCOM, we are increasing shareholder value by further positioning ourselves to become the next CMGI. The talent and attention that DOTCOM provides Peacock will further our efforts in evolving into a formidable investment banking company." Scott Roberts and Lewis, both co-founders of Solutions Media and Spinrecords.com, founded DOTCOM Ventures with Peacock Financial. Roberts and Lewis are accredited with developing the brand identity, Web site presence, business plan, and business model for both Solutions Media and Spinrecords.com. Peacock Financial is a fully reporting investment holding company registered with the SEC as a Business Development Corporation under the investment act of 1940. The company takes a significant equity position and provides the Portfolio Company with management expertise and the needed cash to develop and market the business. Current holdings include investments in real estate, and in investment banking specializing in professional sports and the Internet. 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. --30--mk/la* rs/la CONTACT: Peacock Financial Corp. Steven R. Peacock, 909/652-3885 www.peacockfinancial.com or DOTCOM Ventures, LLC Alan D. Lewis, 619/572-6753 www.dcvllc.com or Stock Enterprises Jim Stock, 702/614-0003 (Investor Relations) KEYWORD: CALIFORNIA INDUSTRY KEYWORD: INTERNET