NIHK Video River Networks Inc (PK)

Nighthawk Systems, Inc. (OTCBB: NIHK) (�Nighthawk�), a leading provider of wireless and IP-based control devices and solutions, today commented on a recent news article from the Wall Street Journal titled �More Utility Bills Go Unpaid.� The article, which can be found by conducting an Internet search for the title of the article, states that �Utilities are becoming more aggressive about collecting money from delinquent customers, leading to a surge in service shutdowns just as economic woes are pushing up the number of households falling behind on bills.� The article references statistics from various electric utilities including PPL Corp. in Pennsylvania, the city-owned utility in Memphis, Tennessee, Public Service Enterprise Group, Inc. in New Jersey, Chicago-based Exelon Corp and Northeast Utilities, which provides electric service in three Northeastern states. Each of these utilities provided statistics showing that delinquent accounts were on the rise and stated that more money was being spent on service disconnects as a result. Nighthawk Systems manufactures and sells the CEO-700 and CEO-800 series of whole house disconnect units, which allow electric utilities to wirelessly disconnect and re-connect power to customers from a central facility, eliminating the costly, time-consuming and sometimes dangerous process of sending personnel to the customer�s site to perform the function. When placed with existing or new AMR meters, Nighthawk products provide utilities with two-way communications to the meter. Utilities can read meters and then remotely initiate service disconnects, current limiting or even prepaid service programs utilizing Nighthawk products. H. Douglas Saathoff, Nighthawk�s CEO, stated, �The current economic downturn is actually leading to increased demand for disconnect products such as our one-way CEO-700 and our two-way CEO-800. Electric utilities are looking to cut mounting losses associated with delinquent accounts, as well as expenses that have traditionally been associated with manually disconnecting and then reconnecting service to customers. Our products provide the most economical and efficient way to cut expenses associated with delinquent accounts, and also improve customer response times associated with reconnecting service once accounts have been brought current. No changes to billing systems are required. Service connects and disconnects are a mouse click away using our Utility WebconnectTM hosted software platform.� Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company�s website at www.nighthawksystems.com. About Nighthawk Systems: 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/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. 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.