Nighthawk Systems Voluntarily Files Form 15 to Suspend SEC Reporting Obligations

SAN ANTONIO--(Business Wire)--
Nighthawk Systems, Inc. (OTC BB: NIHK), a leading provider of wireless and
IP-based control devices and solutions, announced today that it has voluntarily
filed a Form 15 with the United States Securities and Exchange Commission to
suspend the Company`s SEC reporting obligations. With the filing of the report,
the Company`s obligation to file periodic and current reports with the SEC,
including Forms 10-K, 10-Q and 8-K, is immediately suspended. The Company
expects that its common stock will be ineligible for trading on a national
exchange or the OTC Bulletin Board within 90 days, unless the filing on Form 15
is subsequently withdrawn and any past due filings are filed with the SEC in a
timely manner. If the Company`s stock is not eligible for trading on the OTC
Bulletin Board, its common stock may be eligible for quotation on the Pink
Sheets by broker dealers.

Nighthawk`s Board of Directors voted to file the Form 15 after careful
consideration of the Company`s financial condition, capital structure and the
advantages and disadvantages of continued reporting to the SEC. With limited
access to capital from historical sources, the suspension of reporting will
allow the Company to avoid the substantial expenses associated with reporting
compliance and make those savings available for continued investment in the
business, while enabling management to focus more time and effort on operating
the business to increase Company value. The Company does intend to update
shareholders with periodic financial information and important events.

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. Nighthawk,
a publicly traded company, is currently financed by Dutchess Capital Management.

About Dutchess

Founded in 2000, Dutchess Capital Management LLC is a Boston-based investment
management firm which makes direct investments through its private equity and
hedge funds. Since inception, Dutchess has managed over $200 million in
portfolio investments and has completed over $1 billion in Common Stock Lines of
Credit. For further information about Dutchess please visit
www.dutchesscapital.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@nighthawksystems.com

Copyright Business Wire 2009