The BlackHawk Fund
The BlackHawk Fund: The Blackhawk Fund Media Group Announces Update to Shareholders
The BlackHawk Fund / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The Blackhawk Fund Media Group Announces Update to Shareholders CARLSBAD, Calif., May 17, 2007 – The Blackhawk Fund Media Group, (OTC-BB: BHWF) today announced an update to shareholders. This is the first update for Blackhawk Media independent of their parent Company, Palomar Enterprises (OTC-BB: PLMA). There has been a significant change over the last 6 months to the business of Blackhawk Media. Therefore, an update to shareholders by Company management is in order. Name Change: The Company is officially changing its name to The Blackhawk Fund Media Group effective immediately. The name change better reflects the business of the Company. Blackhawk has absorbed the majority of all the business of Maximum Impact Television Group. Blackhawk will become a holding Company for media based businesses and produces network quality television and DVD programming. Advertisers pay Blackhawk a fee for the production and airing of programming. The Company is currently producing America’s Golf Show, Health and Style, Senior Style, The Fat Burning Chef, Back in Time TV as well as numerous other productions. Recent Developments: We have completed negotiations to distribute our TV ON DVDs through high traffic retail markets including Blockbuster Video stores as well as several other retail outlets. This Initial program is expected to generate in excess of $1 Million annually and grow from there as we expand this program over the coming months and years. We have established a roll out plan starting in the prime West Coast zones and gradually throughout the entire nation. What this means is our TV shows that are being syndicated for on air viewing will now be available for ON DEMAND viewing via DVD. The projected revenue stream potential is large because of the sponsorship model we have put in place. We have completed the filming of the first episode of 'The Universal Science of Getting Rich' -- Starring Dr. Denis Waitley, Co- Author of 'The Secret'. The Blackhawk Fund Media has been engaged to produce Dr. Denis Waitley's best selling books into DVD media. At a time when 'The Secret' is gaining world-wide recognition, The Company anticipates the marketing of these best selling books as DVD's to generate substantial new revenue to The Blackhawk Fund Media Group. 'The Secret' DVD has sold over 100 million copies worldwide. In a separate agreement with world-renowned author, Denis Waitley, Blackhawk Fund Media has been retained to produce his best selling book, 'The Seeds Of Greatness' into a television series to be aired nationwide. Denis Waitley's publications have generated millions of dollars, including the recent best selling book, 'The Secret,' which he co-authored. The Blackhawk Fund will receive all revenues generated from the television and DVD productions of 'The Seeds Of Greatness,' which is anticipated to exceed $2 million. Blackhawk recently completed production of 'The Fat Burning Chef,' hosted by nationally recognized nutritionist and fitness guru, Jay Robb. The revenue from sponsors seeking to reach this target audience is anticipated to exceed $1,000,000 annually and will commence immediately. The Blackhawk Fund Media Group owns 10 Network Quality Television Productions, which is generating advertising income to The Company now. Blackhawk signed a Joint Venture Agreement with internationally acclaimed boxing promoter Sterling McPherson. The Joint venture Agreement stipulates that Blackhawk Fund Media will own 50% of 'Las Vegas Fight Night's,' which will be a nationally syndicated television series, and be created and produced by the multi award-winning television show creation firm, Maximum Impact Television Group of Carlsbad, CA. The Future: Blackhawk Fund Media has produced an impressive track record of signing Agreements and producing quality productions for some of the world’s most recognized individuals and companies over the past six months. The Company expects to see an increase in revenue quarter after quarter as the sales from these quality productions are being realized. BHWF is quickly becoming a Media Marketing powerhouse and we encourage shareholders to review the quality of work The Company provides at: www.blackhawkfund.com 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. www.blackhawkfund.com (800) 953-3350 DGAP 21.05.2007 ----------------------------------------------------------------------
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