Nighthawk Systems, Inc. (OTC BB: NIHK), a leading provider of wireless and IP-based control devices and solutions, announced today that it has voluntarily filed a Form 15 with the United States Securities and Exchange Commission to suspend the Company’s SEC reporting obligations. With the filing of the report, the Company’s obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, is immediately suspended. The Company expects that its common stock will be ineligible for trading on a national exchange or the OTC Bulletin Board within 90 days, unless the filing on Form 15 is subsequently withdrawn and any past due filings are filed with the SEC in a timely manner. If the Company’s stock is not eligible for trading on the OTC Bulletin Board, its common stock may be eligible for quotation on the Pink Sheets by broker dealers.

Nighthawk’s Board of Directors voted to file the Form 15 after careful consideration of the Company’s financial condition, capital structure and the advantages and disadvantages of continued reporting to the SEC. With limited access to capital from historical sources, the suspension of reporting will allow the Company to avoid the substantial expenses associated with reporting compliance and make those savings available for continued investment in the business, while enabling management to focus more time and effort on operating the business to increase Company value. The Company does intend to update shareholders with periodic financial information and important events.

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. Nighthawk, a publicly traded company, is currently financed by Dutchess Capital Management.

About Dutchess

Founded in 2000, Dutchess Capital Management LLC is a Boston-based investment management firm which makes direct investments through its private equity and hedge funds. Since inception, Dutchess has managed over $200 million in portfolio investments and has completed over $1 billion in Common Stock Lines of Credit. For further information about Dutchess please visit www.dutchesscapital.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.

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