To: bob sims who wrote (660 ) 1/19/2000 7:59:00 PM From: bob sims Respond to of 716
SAN DIEGO, Jan. 19 /PRNewswire/ -- The San Diego Soccer Development Corp. (OTC Pink Sheets: SDSD) -- a Peacock Financial (OTC Bulletin Board: PFCK - news) portfolio company -- has renewed a sponsorship agreement with Delta Air Lines Inc. (NYSE: DAL - news). Delta Air Lines has elected to renew its contract as San Diego FLASH Soccer Club's title sponsor, and official airline for the 2000 season. Delta Air Lines enters into its third season as a FLASH corporate partner and its second year as the club's title sponsor. San Diego Soccer Development Corp last week announced that it had started trading over-the-counter in the pink sheets under the ticker symbol SDSD. SDSD became the first publicly traded soccer development company, and the San Diego Flash is the only publicly traded soccer franchise in the U.S. For the first time ever, soccer fans and investors have access to a soccer development company with multiple holdings. This is great news for all professional and semi-professional soccer leagues as well. As a publicly traded company, SDSD has the opportunity to gain access to more investment capital than most privately held teams have had in the past. As a result, SDSD can participate in the development of both its infrastructure and player talent better than ever before. Peacock Financial has a significant equity position in SDSD. SDSD was originally financed by Peacock Financial, a fully reporting investment holding company. Peacock's goal is to invest in and develop promising companies, and as they mature, take them public through either an initial public offering (IPO) or a reverse merger. Peacock's strategy is to remain a minority shareholder after the portfolio companies have become publicly traded. Peacock typically dividends ''spin-off'' shares to its shareholders. This way, PFCK shareholders can have access to shares in promising companies before they ever go public. 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. Its current holdings include investments in real estate, as well as in investment banking with a specialty in professional sports and the Internet. Last summer, shareholders of Peacock Financial became shareholders of San Diego Soccer Development Corp. when a stock dividend was paid on a 1-for-100 (1:100) ratio. 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. This information is not a recommendation to buy or sell securities of PFCK. Merger Communications (Merger) is a media relations firm employed by PFCK. Merger and PFCK believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger Communications, its officers, directors and employees own 130,000 shares of PFCK common stock. Merger typically has a long position in the securities of the companies in which it distributes information, and Merger may be buying or selling securities in the course of its regular business.