Blackhawk Capital Group BDC, Inc. Announces Regulation E Offering

NEW YORK, Nov. 16, 2010 /PRNewswire-FirstCall/ -- On November 16, 2010, Blackhawk Capital Group BDC, Inc. (OTCQB:  BHCG), a business development company registered under the Investment Company Act of 1940 ("Blackhawk"), announced that it has filed a $5 million (maximum) Regulation E Common Stock Offering ("Offering") with the Securities and Exchange Commission.  Use of proceeds will be for payment of certain liabilities, working capital, and portfolio investments.  The Offering will be conducted on a "best efforts" basis.  The maximum to be raised in the Offering is $5 million (10,000,000 shares of Common Stock at $0.50 per share).  The termination date for the Offering is May 27, 2011, unless extended by the Company.  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security.  The securities are being offered pursuant to an offering circular filed with the Securities and Exchange Commission pursuant to Regulation E under the Securities Act of 1933.  The securities have not been registered under any state securities laws.  Neither the Securities and Exchange Commission nor any state securities commission has in any way passed upon the merits of, or given approval to, guaranteed or recommended the securities offered by Blackhawk or the terms of the offering or has determined that the securities are exempt from registration, or made any finding that the statements in the offering circular are accurate or complete.  

Blackhawk is a business development company registered under the Investment Company Act of 1940 and was formed in April 2004.  

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995.  The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties.  Further information on Blackhawk's risk factors is contained in Blackhawk's quarterly and annual reports filed with the Securities and Exchange Commission.  

Contact:

Blackhawk Capital Group BDC, Inc.

Dr. Craig A. Zabala

(917) 338-7710



SOURCE Blackhawk Capital Group BDC, Inc.




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