Message From Nighthawk Systems CEO
Good morning! The following press release went out this morning and announces the sale of our CEO700 units to Beltrami Electric Cooperative of Minnesota. This is the first order from Beltrami, who tested our units in 2006, liked how they performed, and decided to place this order. This order was also facilitated by one of our sales reps, RESCO, and I’m always pleased when a sale is brought to us by a rep. Customers like Beltrami have not yet seen the web-enabled interface that I discussed publicly in the press release last week. It is our goal to get this out sometime during this second quarter to our customers like Beltrami, and I believe this will set the stage for additional orders from our existing customers down the road….
Also, I know that some of you have been looking for the release of our 2006 results (I’ve already commented that revenues were up 70% year over year). On Monday of this week, we filed for an extension from the SEC, allowing us to file those results on or before April 16th. This extension was required because our auditors need some extra time to complete their work – it is not any indication of any problems, and we expect to file our 10-KSB within the time permitted by the extension.
Have a great day!
Doug
H. Douglas Saathoff
Chief Executive Officer
Nighthawk Systems, Inc.
Nighthawk Systems Announces Sale to Minnesota Electric Cooperative
SAN ANTONIO, TX - 4/5/07 - Nighthawk Systems, Inc. (OTC BB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today announced that it has received an initial order for its CEO700 whole house disconnect units from Beltrami Electric Cooperative of Bemidji, Minnesota. Beltrami Electric Cooperative's service area spans more than 3,000 square miles in north-central Minnesota. This initial order was placed after testing demo units from Nighthawk in 2006. RESCO, a leader in the sales and distribution of products for the electrical utility industry, assisted Nighthawk with the sale.
The CEO700 gives electric utilities the ability to wirelessly disconnect and reconnect power to residential electric meters from a centralized location, saving them significant time and money over the traditional manual disconnect method requiring multiple truck rolls and field personnel.
H. Douglas Saathoff, Nighthawk’s CEO, stated, “I’m pleased to add Beltrami to the growing list of electric cooperatives and other utilities who are utilizing the CEO700. Once again, successful initial testing of our device has lead to the implementation of a new automation program and a new Nighthawk customer. We look forward to working with Beltrami as they implement their automation program.”
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, 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 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
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.
CONTACT:
Doug Saathoff
dsaathoff@nighthawksystems.com
(877) 7-NIGHTHAWK, Ext 701
Also, I know that some of you have been looking for the release of our 2006 results (I’ve already commented that revenues were up 70% year over year). On Monday of this week, we filed for an extension from the SEC, allowing us to file those results on or before April 16th. This extension was required because our auditors need some extra time to complete their work – it is not any indication of any problems, and we expect to file our 10-KSB within the time permitted by the extension.
Have a great day!
Doug
H. Douglas Saathoff
Chief Executive Officer
Nighthawk Systems, Inc.
Nighthawk Systems Announces Sale to Minnesota Electric Cooperative
SAN ANTONIO, TX - 4/5/07 - Nighthawk Systems, Inc. (OTC BB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today announced that it has received an initial order for its CEO700 whole house disconnect units from Beltrami Electric Cooperative of Bemidji, Minnesota. Beltrami Electric Cooperative's service area spans more than 3,000 square miles in north-central Minnesota. This initial order was placed after testing demo units from Nighthawk in 2006. RESCO, a leader in the sales and distribution of products for the electrical utility industry, assisted Nighthawk with the sale.
The CEO700 gives electric utilities the ability to wirelessly disconnect and reconnect power to residential electric meters from a centralized location, saving them significant time and money over the traditional manual disconnect method requiring multiple truck rolls and field personnel.
H. Douglas Saathoff, Nighthawk’s CEO, stated, “I’m pleased to add Beltrami to the growing list of electric cooperatives and other utilities who are utilizing the CEO700. Once again, successful initial testing of our device has lead to the implementation of a new automation program and a new Nighthawk customer. We look forward to working with Beltrami as they implement their automation program.”
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, 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 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
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.
CONTACT:
Doug Saathoff
dsaathoff@nighthawksystems.com
(877) 7-NIGHTHAWK, Ext 701
Labels: Nighthawk Systems, NIHK
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