The BlackHawk Fund Reduces Outstanding Shares

The BlackHawk Fund Reduces Outstanding Shares

CARDIFF, Calif., Jan. 23 /PRNewswire-FirstCall/ -- The BlackHawk Fund (BULLETIN BOARD: BHWF) , announced today that The Company reduced the number of outstanding shares in the Float, by retiring over 5,400,000 shares back to Treasury. This reduces the total Issued and Outstanding share count from over 30 Million to less than 25 Million shares.

The BlackHawk Fund is intent on creating long-term value for its shareholders. This reduction of shares in the market, provides a very tight Float, during a period of extreme growth in The Company. The Company has recently announced anticipated revenue for the first two quarters alone of $2,200,000, with anticipated profits of $560,000.

The Company announced yesterday, the signing of a Definitive Agreement with Maximum Impact Television Group, to own the proprietary rights to ten Cable Television Shows, which are Network Quality. Maximum Impact's award-winning Media can be viewed at www.maximpacttv.com . This Agreement adds enormous value for The BlackHawk Fund and will produce significant revenue and profits, commencing immediately for The Company's Media Division.

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.

CONTACT@BLACKHAWKFUND.COM

WWW.MAXIMPACTTV.COM

775-887-0670

Source: The BlackHawk Fund

CONTACT: The BlackHawk Fund, +1-775-887-0670, contact@blackhawkfund.com

Web site: http://www.maximpacttv.com/

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