Palomar Enterprises, Inc. Fourth Quarter Review

CARSON CITY, Nev., Jan 05, 2005 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises, Inc., (OTC Bulletin Board: PLMI) looks to record the following fourth quarter results in its annual 10-K:

Financial Services Division: which focuses upon
real estate sales and client services
mortgage and home loan origination
property acquisition and development;

has completed the second highest quarter in its history. This division was established last year and has a year-to-year comparison of $7,832.00 in total revenue for the quarter beginning, 10-01-03 and ending 12-31-03. This year, the financial services division (as yet unaudited and/or reviewed) looks to report revenue in excess of $75,000.00 for the same quarter beginning 10-01-04 and ending 12-31-04. This substantial increase reflects the implementation and establishment of the company's core real estate services and property development business. The company looks to see significant growth in these areas in fiscal 2005.

Corporate Finance Division: which focuses upon
developing and/or acquiring cash flow businesses
acquiring the real property and assets that are material to those
businesses when possible
offering various types of financial instruments, including, but not
limited to notes, deeds of trust and other corporate financing
mechanisms;

successfully and profitably completed the return of all capital extended to the Price Right Auto group by the acquisition of Zannwell, Inc., (ZWLL). The company announced the terms of this acquisition in an 8-K filed with the SEC on 12-03-2004. Since that time, the company has reorganized this company and it is now: The BlackHawk Fund (OTC Bulletin Board: BHWK). The corporate finance division will now operate as this wholly owned subsidiary. Palomar Enterprises, Inc., will now be focused solely upon its core real estate services and property development business.

For more info: contact@palomarenterprises.com
www.palomarenterprises.com
1-775-887-0670

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
SOURCE Palomar Enterprises, Inc.

CONTACT: Palomar Enterprises, Inc., +1-775-887-0670, contact@palomarenterprises.com

URL: http://www.prnewswire.com

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"If We Agree To Disagree, Then We Can Remain friends"

Vol. is increasing!

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Originally posted by Captain:
Great pick and thanks for the posting..
This company seems to be building for a great year.

Vol. is increasing!

Do your own DD!

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With a Hx of R/S, they do well for a bit then have a R/S. The old ticker symbol was PALL

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Originally posted by Doctoall:
With a Hx of R/S, they do well for a bit then have a R/S. The old ticker symbol was PALL

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and before that weren't they palr?