Peacock Financial Appoints Johnson to Board; Dunn Replaces Braner At iNetPartners

    SAN JACINTO, Calif.--Jan. 23, 2001--Peacock Financial Corp., (OTCBB:PFCK) today reported that it has appointed Donald E. Johnson to the Peacock Board of Directors.
    Having served as chief financial officer for numerous publicly traded companies over the past thirty years, Johnson has been instrumental in raising millions of dollars in funding for companies operating in the automotive and computer industries. He has professional experience in administration, personnel, SEC reporting, corporate procedures, inventory systems, manufacturing and engineering systems, and extensive specialized experience in the defense industry, having served as an officer of an aerospace manufacturer.
    Johnson, who resides in Southern California, is a graduate of the University of California, Los Angeles, and earned his MBA degree at Pepperdine University.
    Robert Braner, Interim president and chief executive officer of Peacock Financial Corp., stated, "As the company moves forward with its management reorganization and business restructuring, Don's strong professional experience is an important plank in the company's new platform for immediate growth and expansion."
    In a separate announcement, iNetPartners Executive Vice President Tammy D. Dunn has been promoted to the position of president at iNetPartners Inc., a Peacock subsidiary. Dunn replaces Braner, who has resigned as president in order to commit his full-time attention to the duties of Interim president and CEO of Peacock Financial Corp. Dunn will assume immediate responsibility of iNetPartners, which operates in the Internet automotive sector under www.inet4cars.com.
    Dunn stated, "I am very pleased at this opportunity to move forward in a stronger leadership role. The year 2000 was very volatile for dot-com companies with a high fatality rate. I believe most of these companies missed the basic business philosophy that the right business plan and the right people in place create success ... Basically, the dot-com industry is the same as any other brick and mortar business.
    "Our dot-com division will maintain a major presence in the automotive industry sector mainly due to the extensive research and development of our iIMS (integrated Internet Management System) technology program that allows us to deliver fundamental value to the automotive dealership and to the B2B market. Technology is changing at an amazing rate, and you have to use technology to deliver a service that our clients require. And that simply requires understanding what people actually want."

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.