Peacock Financial Forms Advisory Council

Business Wire, June 10, 1999

SAN JACINTO, Calif.--(BUSINESS WIRE)--June 10, 1999--

Peacock Financial Corp. (OTC BB:PFCK) Thursday announced that the corporation has formed an Advisory Council to assist in identifying and reviewing future investment opportunities.

Initially, two council members -- Thomas J. Anthony and Alan H. Lynchosky, both of Southern California -- have been retained under a three-year agreement.

Anthony is general partner of Anthony Venture Partners (AVP), which specializes in Internet-based companies and other technology companies in need of strategic assistance at the start-up phase. He has held various executive positions, most notably as a member of the Founding Team of National Semiconductor Inc. (NYSE:NSM). Other more recent positions include executive vice president of Sweda, USA; executive vice president of Frame Technologies Inc.; and vice president of Document Sciences Inc.

Lynchosky's 25-year history of employment with Control Data Systems of Minneapolis has covered a wide range of management experience and responsibility. Control Data Systems has been an international computer systems hardware and software manufacturer, but has more recently expanded to include an extensive array of Commerce services to its customers. Lynchosky has experience in mergers and acquisitions, as well as in developing new strategic partnerships.

According to Peacock Financial President Steven R. Peacock, "We believe the formation of an Advisory Council with this caliber of people will significantly benefit the company in charting its future growth. The council will offer Peacock valued analytical expertise for new opportunities in the ever-growing technological and e-commerce marketplace."

The Advisory Council's formation is timely in that developing a "think tank" for the company's future investment banking activities will help to optimize decisions for this promising new area of growth for Peacock.

Earlier this month the company announced that it had filed its Form 10Q for the period ending March 31, 1999, which indicated its first profitable quarter. The turnaround is owed in large part to investment banking activities, which are expected to continue to be a source of revenues and future profits.

Peacock Financial is a fully reporting investment holding company registered with the Securities and Exchange Commission as a Business Development Company under the Investment Act of 1940. 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.