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Blackhawk Financial Being Acquired by China Winsaint Solar, Inc.

Mon. November 24, 2008; Posted: 09:00 AM
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CARDIFF, Calif., Nov 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- BLWK | Quote | Chart | News | PowerRating -- Blackhawk Financial, Inc., (Pink Sheets: BLWK | Quote | Chart | News | PowerRating) has signed a Definitive Stock Purchase Agreement to be acquired by China Winsaint Solar, Inc. ("Winsaint"). Winsaint is one of the largest recyclers of silicon wafers for the solar industry in China, with 2008 revenues projected at $48,000,000 and net earnings before taxes of $4,200,000.

Winsaint is in the process of becoming a fully reporting company with plans to trade on the OTC BB. The Company will commence a name change of the recently acquired public company in the near term. Information about Winsaint can be found at WWW.WINSAINT.COM Investors are encouraged to call for more details.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

INVESTOR RELATIONS (760) 635-2595 EMAIL: Brent@Blackhawkfinancial.com

SOURCE Blackhawk Financial, Inc.

http://www.winsaint.com/

For full details for BLWK click here.

    


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