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The BlackHawk Fund News

The Blackhawk Fund Increases Revenue 207%

CARDIFF, Calif., Feb. 8 PRNewswire-FirstCall — The Blackhawk Fund (OTC Bulletin Board: BHWF), announces an increase in revenue of 207% for fiscal year 2007, compared to the same period 2006. The increase in revenue has resulted from the implementation of The Company's media business, which commenced operations in January of last year.

The Blackhawk Fund expects to file the 2007 10-KSB in the next few days, to provide shareholders complete disclosure on The Company's progress. Blackhawk has made significant strides in accomplishing their business model over the past year. Though there have been hurdles to overcome and problems with our media production partners, the management has endeavored to stay the course and succeed in this lucrative field of internet media productions and nationwide radio broadcasting. The Company believes the increase in revenue will continue through 2008 as the business model is refined and a larger audience is reached through the expansion of the nationwide radio show.

The Blackhawk Fund derives revenue from advertising sponsors seeking to reach a target audience with their products and services. The Company currently has $2,200,000 worth of residential property on the market for sale, which will produce the highest revenue in The Company's history upon sale. Following the sales of these properties, Blackhawk will become a pure media business dedicated to growth and shareholder appreciation.

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.

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SOURCE The Blackhawk Fund