NIHK Video River Networks Inc (PK)

Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of wireless and IP-based control devices and solutions, today announced that it has received an additional order for 1,500 MediaPro IP3000HD Set-Top Boxes from one of the largest providers of hospitality broadband services whose installations total over 500,000 rooms in over 3,000 hotels worldwide. Since acquiring the Set-Top Box operations of Eagle Broadband in October 2007, Nighthawk has been delivering over 4,200 units that were ordered from August 2007 through October 2007, and it expects to make the final shipments of those units during the next several weeks. Nighthawk also plans to complete and deliver this most recent order during the next two months, and anticipates continued follow-on orders for the foreseeable future. H. Douglas Saathoff, Nighthawk�s CEO, commented, �The October 2007 acquisition of the Set-Top Box operation from Eagle Broadband has yielded a quick, positive impact to our Company overall. We achieved an orderly integration of the Set-Top Box operation into Nighthawk within a few months and were able to fulfill orders without incident and on a regular basis. In the IP3000HD and the IP5000HD, we acquired products that set the current industry standard for reliability and performance for High Definition television and video services within the hospitality market. Even more importantly, we acquired an experienced team of hardware and software engineers that designed the products and can work effectively alongside our customers to resolve the complex integration issues often encountered during installations within the hospitality industry. Lastly, we feel that we have a product platform that lends itself to meeting the next generation of services that hotels want to provide in-room to their guests.� Mr. Saathoff continued, �As we stated in our Form 10-QSB filing for the quarter ended September 30, 2007, we made the acquisition of the Set-Top Box business primarily to enhance the future cash flows of the Company in effort to reduce or eliminate monthly operating cash flow deficits. Given the hospitality industry�s rapid replacement cycle shift towards High Definition television, the competitive position of our products and our current order flow, we believe we have established a level of consistency in this business. We expect the 2008 revenue contribution from the Set-Top Box product line will be in excess of $8 million, and that this product line can enable the Company to produce positive operating cash flows by the end of the year.� MediaPro IP3000HD IPTV Set-Top Box The MediaProIP3000HD IPTV Set-Top Box is a high-definition Set-Top Box with a compact footprint and quiet, fan-less design that delivers exceptional streaming video quality for both NTSC and PAL broadcast standards. It uses an advanced system-on-chip architecture including an integrated graphics accelerator and dedicated multimedia engines executing in parallel to deliver the highest performance 2D, 3D graphics and video capabilities with motion compensation for video playback. Capable of supporting a variety of leading middleware and video-on-demand systems, including Java Script capabilities, the MediaProIP3000HD platform delivers the advanced content system security and digital rights management(DRM) needed by a wide variety of industries and markets. It supports both high definition MPEG-4, AVC(H.264) and MPEG-2 video standards. About Nighthawk Systems, Inc. Nighthawk is a leading provider of intelligent devices and systems that allow for the centralized, on-demand management of assets and processes. Nighthawk products are used throughout the United States in a variety of mission critical applications, including remotely turning on and off and rebooting devices, activating alarms, and emergency notification, including the display of custom messages. Nighthawk�s IPTV Set-Top Boxes are utilized by the hospitality industry to provide in-room standard and high definition television and video on demand. 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.