The BlackHawk Fund Opens New Production Studio

The BlackHawk Fund Opens New Production Studio

BlackHawk Expects Revenues in Excess of $10M for 2007

CARDIFF, Calif., Feb. 7 /PRNewswire-FirstCall/ -- The BlackHawk Fund, (BULLETIN BOARD: BHWF) announces the Grand Opening of a state of the art television production studio, located in Carlsbad, California. This state-of-the-art studio will be used for the production of all 10 Cable Television Shows owned by The BlackHawk Fund. Last year's revenue of Maximum Impact Television Group's Media Properties, which were recently acquired by The BlackHawk Fund, exceeded $13 Million dollars.

"Having our own production studio enables us to trim costs significantly, ensure the very best quality control in our productions, eliminate scheduling conflicts as well as a host of other benefits," commented Brent Fouch, CFO of The BlackHawk Fund. "This will enable us to achieve a great deal of growth in our media division, which will lead to, not just significant, but all-time record revenues and profits," Fouch said.

The BlackHawk Fund's Media Division has recently commenced revenue from the Cable Television Shows purchased from Maximum Impact Television Group, which produced $13 Million in annual sales last year. The BlackHawk Fund will now record 100% of all revenue generated from these Cable Television Shows, as well as new revenues generated from the Online Video Magazines and DVDs produced from the same media content. The BlackHawk Fund anticipates recording dramatically more revenue and profits in 2007 than in The Company's entire history.

"When these developments are combined with our real estate projects that are now operating under The BlackHawk Fund, we should easily see revenues in excess of $10 million dollars and gross profits of $2 million dollars for The BlackHawk Fund. This, combined with our dividend program, which we will announce shortly, will build real shareholder value for the shareholders of both The BlackHawk Fund as well as the Parent Company, Palomar Enterprises (BULLETIN BOARD: PLMA) ," Fouch concluded.

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.

INVESTOR RELATIONS (800) 585-6988

WWW.MAXIMPACTTV.COM

BRENT@BLACKHAWKFUND

Source: The BlackHawk Fund

CONTACT: Investor Relations, The BlackHawk Fund, +1-800-585-6988,
brent@blackhawkfund

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