CARDIFF, Calif., Feb. 5
/PRNewswire-FirstCall/ -- Blackhawk Financial, Inc.,(Pink Sheets: BLWK)
is updating its shareholders in an effort to keep them informed
regarding the recently announced signing of a Stock Purchase Agreement
with a Chinese solar company. Through recent discussions with potential
funding sources, it has become mandatory that the public entity be a
fully reporting company due to the amount of capital being invested.
This may preclude the use of BLWK as the public vehicle going forward.
The Agreement provides for a closing date of February 15th
or sooner. However, in the nature of timely disclosure the Management
believes this interim update of recent events is necessary to keep
shareholders informed.
