NEW YORK, Feb. 28 /PRNewswire-FirstCall/ -- Blackhawk Capital Group
BDC, Inc. (OTC Bulletin Board: BHCG), a business development company
registered under the Investment Company Act of 1940 ("Blackhawk"),
announced that on February 25, 2008 it has sold an additional $155,764
(155,764 shares at $1.00 per share) bringing the aggregate amount of sales
as of February 25, 2008 to $698,112 (698,112 shares at $1.00 per share) in
its $5 million Regulation E Common Stock Offering ("Offering"). Final
results of the Offering will be filed by Blackhawk in a Form 2-E to be
filed with the Securities and Exchange Commission.
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. It has not yet
made its first portfolio investment.
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
Blackhawk Capital Group BDC, Inc.
Dr. Craig A. Zabala
SOURCE Blackhawk Capital Group BDC, Inc.