SOURCE: River Hawk Aviation, Inc.

January 15, 2008 11:00 ET

River Hawk Aviation Issues Letter of Intent to Acquire Caribbean Fixed Base Operation

TRAVERSE CITY, MI--(Marketwire - January 15, 2008) - River Hawk Aviation, Inc. (PINKSHEETS: RHWI) ("River Hawk" or the "Company") announced that it has issued a letter of intent to acquire Riverhawk West Indies ("RHW") doing business as Caribbean Flight Center ("Caribbean Flight Center or Caribbean") from its location at St. Croix, US Virgin Islands. The acquisition transaction provides for a $500,000 down payment and $2 million of Company Preferred Series B stock to be exchanged for all of the equity and voting interest in RHW.

The Company Preferred Series B shares to be exchanged will contain an annual cumulative coupon rate of 8% and call features that enable the holders to either convert their shares to common shares or to elect to tender them to Aerologistics Investment Partners, LLC (a related party) for $1 per share.

In 2007, Caribbean Flight Center is estimated to have generated in excess of $6 million in revenues. Caribbean's revenues were primarily generated from aviation fuel sales.

Calvin Humphrey, River Hawk's CEO, commented, "We believe that Caribbean Flight Center is an attractive acquisition candidate and has the right mix of existing profitability and upside potential that we seek in our acquisitions. We plan to push for a quick closing of this transaction and soon thereafter begin construction or renovation of the office and lobby area of the fixed base operation. We also intend to deploy aviation equipment and aircraft management services in St. Croix as well as develop an aviation maintenance facility and increase the utilization of existing hangar space. In our opinion, the opportunities for growth in the service sector of Caribbean Flight Center are quite substantial and we look forward to completing this acquisition and adding Caribbean to our holdings."

About River Hawk Aviation, Inc.

River Hawk Aviation, Inc., is a holding company concentrating on the acquisition and development of aviation niche companies. Presently, the Company's operating subsidiary base is comprised of Profile Aviation Center, Inc., Profile Aviation Services, Inc. of Hickory, North Carolina and River Hawk Aviation, Inc. (a private entity) of San Antonio, Texas.

The combined synergies associated with the Company's current holdings will provide revenues from charter aircraft operations, aviation management services to private aircraft owners, certified aircraft maintenance services, fueling and other fixed base operation services as well as aviation parts and components sales within the aviation industry. The Company and its subsidiaries are also able to offer consulting services, marketing and appraisals to the aviation community. At present, the Company maintains offices and a fixed base operation including aviation hangars in Hickory, North Carolina, offices and inventory warehousing in San Antonio, Texas, and executive offices in Michigan.

The Company's plan for future growth and development will focus on the acquisition of aviation-related operating businesses and airlines that display the potential for restructuring into profitable and sustainable aviation-related growth concerns.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4 complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control. Further information on potential factors that could affect River Hawk Aviation, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.

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