Market Pulse Breaking News Alert for Wednesday, April 16, 2008: NIHK -- Nighthawk Systems Announces Record Quarterly and Annual Revenue and Expects Significant Revenue From Its Set-Top Box Product Line!

Market Wire, April, 2008

Market Pulse News Alert for this AM, Stocks to Watch are: Nighthawk Systems, Inc. (OTCBB: NIHK), Intel Corp. (NASDAQ: INTC), CV Therapeutics Inc. (NASDAQ: CVTX) and Charles Schwab Corp. (NASDAQ: SCHW).

Investors need to be watching Nighthawk Systems, Inc. (OTCBB: NIHK) this AM! Nighthawk Systems, Inc. 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. In October 2007, the Company purchased a Set-Top Box business (discussed below). 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. So now Nighthawk Systems utilizes both wireless and IP-based technologies in its products! Nighthawk products can be found in over 40 states and are being used for mission-critical applications within electric utilities, fire departments, departments of transportation and even Offices of Emergency Management. These are large markets with huge potential. Now Nighthawk has added the Set-Top Box business which targets the millions of hotel rooms being upgraded for high-definition IPTV and video-on-demand services! In 2009, all television services must be provided in high definition, so Nighthawk looks to be in the right market at the right time! Nighthawk announced quarter over quarter growth throughout 2007, and this morning announced that 2007 revenues exceeded 2006 revenues by 84%! The Company also recently obtained funding of $6 million which has allowed the Company to achieve positive shareholders' equity. Now the Company enters 2008 with critical mass -- a growing revenue base and a better balance sheet. Management has said that they expect the revenue growth to accelerate, and margins to improve as they achieve economies of scale associated with larger sales and production volumes. NIHK is poised to become a significant player in the wireless telemetry and automation industry! NIHK just had excellent news out in a press release before today's opening bell announcing record quarterly and annual revenue! The company also said it expects significant revenue and cash flow contribution from the newly acquired set-top box product line! Investors should be watching this one closely!

Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of wireless and IP-based control devices and solutions, today reported financial results for its full year and fourth quarter ended December 31, 2007. Over the last twelve months the Company delivered sequential quarterly revenue growth, completed the acquisition and integration of a new business line, right-sized the Company and achieved positive stockholders' equity for the first time in its operating history.

Revenues for the full year 2007 increased 84 percent to a record $1.7 million as compared to $899,000 for 2006. The revenue growth was led by shipments of the Company's flagship CEO700 remote disconnect units to new and repeat customers; sales of its utility products more than doubled from the previous year level. While Nighthawk considers the utility market its largest source of revenues and anticipates an acceleration of the growth from this business in 2008, the Company additionally expects to generate significant revenues from a number of initiatives it introduced in 2007, including new opportunities with fault-tolerant, mission critical control systems for emergency notification and monitoring purposes. Nighthawk also expects significant revenue and cash flow contribution from the newly acquired set-top box product line.

The Company reported a net loss before non-operating costs related to funding efforts for 2007 of $3.3 million versus a net loss of $3.7 million for 2006. The Company incurred non-cash costs associated with a $6 million preferred stock funding conducted during the fourth quarter of 2007 of approximately $2.6 million. Including the funding costs, the Company incurred a net loss applicable to common stockholders of $5.9 million or $0.05 per basic share in 2007 as compared to a net loss applicable to common stockholders of $3.7 million or $0.05 per common share in 2006. The Company's gross profit on revenue in 2007 was $378,000 yielding a gross margin of approximately 23 percent. The Company anticipates a meaningful increase in its gross margins during 2008 as it achieves economies of scale from increased sales, as well as improvements implemented in its manufacturing process.

Revenues for the fourth quarter of 2007 increased to a record $735,000, a two and a half-fold increase compared to the same period in 2006 and the sixth sequential quarter of revenue growth. As a result, the Company's net loss for the fourth quarter decreased to $991,000 from $1.1 million in the comparable period in 2006.