Blackhawk Capital Group BDC, Inc. Announces Letter of Intent With Private Equity Group To Invest $153.9 Million in Assets Into Blackhawk

Dec 29, 2011, 15:06 ET from Blackhawk Capital Group BDC, Inc.

NEW YORK, Dec. 29, 2011 /PRNewswire/ -- On December 29, 2011, Blackhawk Capital Group BDC, Inc. (OTCBB: BHCG) has reached a non-binding letter of intent with a private equity group to invest into Blackhawk $153.9 million of assets qualifying under Section 55 (a) (1) through (6) under the Investment Company Act of 1940, as amended (the "Investment Company Act").  The transaction is subject to the execution of a definitive agreement for the transaction. There can be no assurance that (a) the parties will enter into a definitive agreement, (b) if such definitive agreement is entered into that such an agreement will contain favorable terms to Blackhawk and it stockholders, and (c) any transaction will close.

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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security. 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 of Blackhawk Capital Group BDC, Inc. or has determined that the securities are exempt from registration, or made any other findings.

Blackhawk Capital Group BDC, Inc.
Dr. Craig A. Zabala
Chairman and Chief Executive Officer
(917) 338-7710

SOURCE Blackhawk Capital Group BDC, Inc.