NIHK Video River Networks Inc (PK)

Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of intelligent wireless power control devices and solutions, today announced that it has been awarded a contract for the purchase of 485 of its CEO700 wireless disconnect units by the Public Works Commission (�PWC�) of Fayetteville, NC. The electric utility division of the PWC of Fayetteville serves approximately 67,000 customers and is the 5th largest city in North Carolina, with a total population of 341,363. This order represents the largest initial order of CEO700s to date from a new customer, and is expected to be shipped within the next 30 days. �The ever-increasing demand for energy and limited new supply continues to create both upward price pressure on electricity as well as a resurgent interest in intelligent power control solutions. There is no doubt that the Nighthawk product line provides significant cost savings to our customers who are battling rising fuel and personnel-related costs,� commented H. Douglas Saathoff, Nighthawk�s CEO. �Over the past five quarters we have delivered consistent quarterly year-over-year revenue growth in our remote disconnect business. Given the pace of our current order flow, spurred by both market conditions and a deliberate increase in our sales effort, we have begun to witness a decided growth acceleration in this segment of our business such that we anticipate a doubling of remote disconnect units sold during 2008 over 2007.� About the CEO700 The CEO700 gives electric utilities the ability to wirelessly disconnect and reconnect power to residential electric meters from a centralized location, improving customer service response times and saving the utility significant time and money over the traditional manual disconnect method that requires multiple truck rolls and field personnel. 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. 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.