Nighthawk Systems Chief Executive Officer Comments on 2008 Results and Prospects for 2009

SAN ANTONIO--(Business Wire)--
Nighthawk Systems, Inc. (OTCBB: NIHK) CEO H. Douglas Saathoff issued a statement
today discussing key accomplishments from 2008 and prospects for 2009. Nighthawk
Systems is a leading provider of wireless and IP-based control devices and
solutions, with a primary focus on power control devices for the electric
utility industry and high definition set top boxes in the hospitality industry.

Mr. Saathoff stated, "We finished the 2008 year very strongly. In fact, the four
fiscal quarters in 2008 were the four highest revenue producing quarters in the
Company`s history. Based on record sales of our legacy power control products,
and revenues generated by our newly acquired set top box operation, we nearly
doubled the revenue total from 2007. More importantly, we made changes during
the year that significantly improved the margins on our set top box sales,
enabling the Company to easily produce more gross margin dollars during 2008
than in any previous year in its history. By keeping overhead expenses in check
and improving margins, we`ve made the road to positive cash flow much shorter.
As a result, we look to achieve positive cash flows during 2009 based on our
forecasted growth."

Mr. Saathoff continued, "I expect to see continued growth in 2009 due to a
variety of factors. We spent a good deal of time and financial resources during
2008 developing power control and set top box products that are just now being
introduced to our customer and markets. We aligned ourselves with key partners
during 2008 that will contribute to our growth in 2009. While I expect our
recently announced agreement with Itron to lead to increased sales of our whole
house disconnect products, I also believe it will serve as a channel to
introduce and sell other downstream products that incorporate two-way
communications protocols. On the set top box front, we have continued to make
inroads with our IP3000 high definition unit, one of only a handful of set top
boxes capable of producing full 1080p output resolution. It serves as the
cornerstone of the in-room video offering of Guest-Tek Interactive Entertainment
Ltd, the world's largest provider of IP based technology solutions for the
hospitality industry. Our continued success with Guest-Tek has already led to
opportunities with other customers seeking a reliable, affordable set top box to
enable their high-definition offerings. I`m excited about the opportunities that
we have in front of us in 2009, and look forward to continued improvement
operationally and financially."

About Nighthawk Systems, Inc.

Nighthawk 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. 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. Individuals interested in Nighthawk Systems can sign up to receive email
alerts by visiting the Company`s website at www.nighthawksystems.com.

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 donot 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.

Nighthawk Systems, Inc.
Doug Saathoff, 877-7-NIGHTHAWK, Ext. 7
Chief Executive Officer
dsaathoff@nighhawksystems.com

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