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NIGHTHAWK LAUNCHES FINANCIAL SERVICES

LAS VEGAS, March 8 /PRNewswire/ -- Nighthawk Capital, Inc. (OTC Bulletin Board: NHCJ), through its Australian financial services operation has established a new business unit. Trading as ACF Financial Services Pty Limited, the company has created a new business providing specialized foreign currency services to select markets consisting of the travel industry, freight forwarders, shipping agents and importers. These services currently carry the formal recognition of the Australian Federation of Travel Agents (AFTA) and the Customs Brokers Council of Australia.

The services will be offered through Hong Kong Bank of Australia and worldwide through Hong Kong and Shanghai Banking Corporation affiliates.

Nighthawk has contracted the services of consultants with many years of experience in foreign exchange, treasury and banking operations with major financial institutions.

Revenue projections for fiscal 1997 are expected to be in excess of $60 million, escalating to $100 million for fiscal 1998.

Mr. Neil Green, President of Nighthawk, said that the creation of this business was part of the company's Australian financial services focus, and would be augmented in the coming weeks with other compatible businesses, embracing a coherent financial package.
 -0- 3/8/96


/CONTACT: Tim Murray, Corporate Investor Relations, Inc., 407-788-0123, or fax, 407-788-3933/

(NHCJ)

CO: Nighthawk Capital, Inc. ST: Florida, Nevada IN: FIN SU: PDT

MS-RK -- FLF005 -- 1527 03/08/96 10:05 EST
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Publication:PR Newswire
Date:Mar 8, 1996
Words:219
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