Silverhawk Entertainment Group, Inc. Enters Into Negotiations to Acquire Rockit! MP4 Media Player Distribution Licensing

Silverhawk Entertainment Group, Inc. Enters Into Negotiations to Acquire Rockit! MP4 Media Player Distribution Licensing

LAS VEGAS, April 25 /PRNewswire-FirstCall/ -- Silverhawk Entertainment Group, Inc. announced today that acquisition negotiations have begun with Rockit! Productions, Inc. for retail distribution licensing rights to its flagship product -- The Rockit! MP4(TM).

In 2006, the MP3 and portable audio player market was worth an estimated $5.7 billion in manufacturer sales, almost three times its worth of just over $1.9 billion in 2001. During this time, MP3 players have gone from niche to mainstream products, and consumer portable purchases have switched from models that rely on removable content to those whose content is additive and intrinsic.

Enter MP4. Like MP3 files are audio, MP4 files are video. The Rockit! MP4 is an affordable handheld portable media player that stores and plays music and video files.

Rockit! Productions, Inc. projects that The Rockit! MP4 gross revenues will exceed $50 million over the next four years.

CEO, Thomas Gaffney said, "The Company has planned an aggressive acquisition program over the next 24 months. We consider timing a major factor in corporate growth and expansion. The power of video is common knowledge. Music combined with video is a proven winner and we are anxious to start."

The Rockit! MP4 project and Rockit! Productions, Inc. is the brain child of Silverhawk's CEO and Chairman, Thomas Gaffney. Mr. Gaffney founded Rockit! Productions prior to joining Silverhawk Entertainment Group.

About the Rockit! MP4

The Rockit! MP4 is a hand-held media player that stores and plays audio, video and digital picture files. It has a 1.8" high definition viewing screen and full color vibrant graphics. Other features include an e-book reader and an FM tuner. The Rockit! MP4 comes in 3 models -- 1GB priced at $49.95, 2GB $69.95 and 4GB $89.95. For more information on The Rockit! MP4 visit: www.rockitmp.com.

Forward-Looking Statements

Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect unanticipated events or developments. As a result, investors should not place undue reliance on these forward-looking statements.

Source: Silverhawk Entertainment Group, Inc.

CONTACT: Silverhawk Entertainment Group, Inc., +1-888-700-3976

Web site:

http://www.rockitmp.com/

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