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Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power control and emergency notification products, announced today that revenues for the third quarter of 2006 were $231,710 as compared to $120,973 in 2005, an improvement of 92%. The net loss per share remained at ($0.01) per share. Revenues for the nine months ended September 30, 2006 were $625,236, a 60% improvement over revenues of $390,567 for the first nine months of 2005. The net loss per share improved to ($0.04) for the first nine months of 2006 from ($0.06) for the first nine months of 2005. H. Douglas Saathoff, Nighthawk�s CEO, commented, �While I�m extremely pleased that quarterly revenues almost doubled from last year to this year, I�m even more pleased that sales levels have continued to increase beyond this most recent quarter. We have already closed more orders during the first 45 days of the fourth quarter than we closed during the recently completed third quarter, so we look to close the year on an even stronger note.� Mr. Saathoff continued, �A sustained sales and marketing effort that began in 2005 has resulted in a great combination of sales growth from both new and existing customers in 2006. Approximately half of our revenues so far in 2006 have come from new customers, with the remaining half generated by recurring orders from existing customers. With a larger pipeline of qualified opportunities than ever before, and a stronger and more diverse customer base than ever before, I look forward to continued improvement in 2007.� About Nighthawk Systems, Inc. Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations. Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company�s website at www.nighthawksystems.com. Forward-looking statements Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law. Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power control and emergency notification products, announced today that revenues for the third quarter of 2006 were $231,710 as compared to $120,973 in 2005, an improvement of 92%. The net loss per share remained at ($0.01) per share. Revenues for the nine months ended September 30, 2006 were $625,236, a 60% improvement over revenues of $390,567 for the first nine months of 2005. The net loss per share improved to ($0.04) for the first nine months of 2006 from ($0.06) for the first nine months of 2005. H. Douglas Saathoff, Nighthawk's CEO, commented, "While I'm extremely pleased that quarterly revenues almost doubled from last year to this year, I'm even more pleased that sales levels have continued to increase beyond this most recent quarter. We have already closed more orders during the first 45 days of the fourth quarter than we closed during the recently completed third quarter, so we look to close the year on an even stronger note." Mr. Saathoff continued, "A sustained sales and marketing effort that began in 2005 has resulted in a great combination of sales growth from both new and existing customers in 2006. Approximately half of our revenues so far in 2006 have come from new customers, with the remaining half generated by recurring orders from existing customers. With a larger pipeline of qualified opportunities than ever before, and a stronger and more diverse customer base than ever before, I look forward to continued improvement in 2007." About Nighthawk Systems, Inc. Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations. Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com. Forward-looking statements Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.