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NIHK - Nighthawk Systems Announces Initial Sale to Alaska Electric Utility and Sales Continue to Be Strong for the CEO700 in 2007! Market Pulse News Alert for this AM, Stocks to Watch are: Nighthawk Systems, Inc. (OTCBB: NIHK), Accredited Home Lenders Holding Co. (NASDAQ: LEND), Oracle Corp. (NASDAQ: ORCL) and SanDisk Corp. (NASDAQ: SNDK).
Investors need to be watching Nighthawk Systems, Inc. (OTCBB: NIHK) this AM! Nighthawk Systems 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 over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations. Its products include CEO700 for remote power connect/disconnect of customers by electric utilities; PT1-LC, designed for load control programs; FAS8 used in firehouse automation; and EA1, which is used for in-building alerts. In addition, the company offers AL100 for remote public alerting; NH100 for rebooting or on/off applications to a single device; and NH8 for rebooting or on/off applications for up to eight electrical devices from a single unit. It serves electric utilities, traffic control, computer systems, commercial lighting, and irrigation markets primarily in the United States. Nighthawk announced a joint marketing agreement with American Messaging recently that facilitated the company's transition into a complete solution provider. The new venture provides access to 1.5 million customers. Its new network has been fortified through acquisitions from telecom giants Verizon Wireless and AT&T (formerly SBC Communications). NIHK has had four consecutive quarters of solid revenue under its belt and third quarter 2006 marked an all-time high in sales orders. NIHK is ramping up for a very bright future in the M2M (machine-to-machine) communications industry, forecasted by research firm IDATE to potentially reach $270 billion by 2010. NIHK is poised to become a significant player in the wireless telemetry and automation industry! NIHK has had several excellent news announcements out lately and one again before today's opening bell announcing that it has received an initial order for its CEO700 whole house disconnect units from Golden Valley Electric Association of Fairbanks, Alaska! Investors should be watching this one closely!
Nighthawk Systems, Inc. (OTCBB: 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 Golden Valley Electric Association of Fairbanks, Alaska. This initial order was placed after successful testing of the product in below zero conditions in their service area, which covers 90,000 residents and approximately 42,000 service locations in the Fairbanks, Delta, Nenana, Healy and Cantwell areas.
Nighthawk recently announced that sales of the CEO700, one of Nighthawk's core products, more than doubled from 2005 to 2006, and that the trend has continued early in 2007. 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 very pleased to receive this order from Golden Valley. Our units will save them the time and expense normally associated with performing service connects and disconnects over a very large service area, often under harsh conditions. I'm confident that they will quickly realize a positive return on their investment in the units."
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.
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Arkansas Utility Places Second Order With Nighthawk Systems Wednesday March 28, 7:00 am ET
SAN ANTONIO--(BUSINESS WIRE)--Nighthawk Systems, Inc. (OTCBB:NIHK - News), a leading provider of intelligent wireless power management and emergency notification solutions, announced today that it has received a second order for its CEO700 meter-based whole house disconnect units from Conway Corporation, which operates the electric, water, wastewater and cable television utility services for the city of Conway, Arkansas. Nighthawk announced in June of 2006 that Conway Corporation made their first purchase. The CEO700s are used as part of an ongoing program to wirelessly disconnect and reconnect power to electric customers, including local college students who frequently move into and out of houses and housing complexes. Nighthawk was originally introduced to Conway Corporation by the Stuart C. Irby Company of Jackson, Mississippi, one of the nation's leading electrical wholesalers. ADVERTISEMENT
The CEO700 gives electric utilities the ability to remotely connect and disconnect power to residential electric meters on a moment's notice, saving them significant time and money over the traditional manual method that typically requires multiple truck rolls and field personnel.
H. Douglas Saathoff, Nighthawk's Chief Executive Officer, commented, "I'm very pleased to receive this second order from Conway Corporation, which provides 24-hour connection services for its customers. They join a long list of electric utilities that continue to enhance their capabilities and serve their customers more efficiently using Nighthawk devices."
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 throughout the United States. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
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: Nighthawk Systems, Inc., San Antonio Doug Saathoff, 877-7-NIGHTHAWK, ext. 701 dsaathoff*nighthawksystems.com
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