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To: S. Southern who wrote (77)	3/12/1998 3:20:00 PM
From: wmwmw	Read Replies (1) \| Respond to of 1177

Peacock Financial and Hawthorne Group to Finance and Build Houses in the Philippine Islands PR Newswire - March 12, 1998 12:34 SAN JACINTO VALLEY, Calif., March 12 /PRNewswire/ -- Peacock Financial Corporation (OTC Bulletin Board: PFCK) and its new capital partner, Hawthorne Group, Ltd., jointly announced today the completion of contracts to finance and build over one million affordable houses throughout the Philippine Islands. According to Mr. Wendell Clemons, managing partner of Hawthorne Group, Ltd., financing will be funded through Sargonne International Real Estate Investment Trust, an investment fund managed by Hawthorne, with financial guarantees provided by the Philippine government. Peacock Financial Corporation, a master developer headquartered in San Jacinto, California, will provide management services on behalf of Hawthorne Group. Peacock also announced in a previous press release dated March 3, 1998, that it is going to provide similar project management services for Hawthorne Group in a 6,500-acre resort and natural resource project near Vail, Colorado. When asked what impact to the Company these two projects will have on shareholder value, Mr. Peacock, president of Peacock Financial Corporation, is quoted as saying, "Our internal conservative calculations produce a stock value between $6 to $8 per share for these two projects alone. It is also our intent to bring in an outside analyst to evaluate these transactions independently and it is our belief that this independent report may produce even greater shareholder value." The information contained in this news release contains certain forward- looking statements that involve risks and uncertainties, such as the statements of the Company's plan, objectives, intentions and, in particular, its expectation of getting funded by Sargonne International Real Estate Investment Trust. The Company's actual results could differ materially from those indicated by such statements as a result of various factors, many of which are outside control of the Company, including those discussed in the Company's Form 10-KSB and Form 10-QSB on file with the SEC. For further information, please contact the company's president, Steven Peacock, at 909-487-8911.