$300,000 Raised by Peacock Financial Corp.SAN JACINTO, Calif.--(BUSINESS WIRE)--Feb. 8, 1999--Peacock Financial Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:PFCK) Monday announced that it has raised an initial $300,000 from a consortium of private investors in the form of equity to be used for working capital and for financing its subsidiary operations. Some additional announcements regarding new funding and investments are expected in the near term. Steven R. Peacock, president of Peacock Financial, stated: "This timely infusion of capital into the public holding company enables us to make strategic, targeted investments into Solutions Media Inc. and into Valley Lumber & Ironwood ironwood: see hornbeam. ironwood Any of numerous trees and shrubs, found worldwide, that have exceptionally tough or hard wood useful for timber, fence posts, and tool handles. Co. Investment into these two exciting, new additions to the Peacock Financial network will help advance their business plans and generate revenue. "In addition," Peacock continued, "we have capitalized our proprietary option trading program which is now being managed by Spectrum Securities Inc., a Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. based professional trading firm headed by Mr. Jim DeMers." Peacock Financial Corp. is a fully reporting investment holding company registered with the Securities and Exchange Commission as a Business Development Comapny under the Investment Act of 1940. Current holdings include investments in real estate, investment banking, program trading program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using sophisticated computer models to hedge positions. , the Internet, lumber importation and professional sports. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein that are not historical are forward-looking statements, which 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 SEC. |
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