SOURCE: River Hawk Aviation, Inc.

October 16, 2007 09:30 ET

River Hawk Effects Recapitalization Plan; Positions Itself for Future Financing and Acquisitions

TRAVERSE CITY, MI--(Marketwire - October 16, 2007) - River Hawk Aviation, Inc. (PINKSHEETS: RHWI)("River Hawk" or the "Company") today announced that its 1 for 30 reverse stock split became effective as of the opening of the market. The reverse split results in a total of 14,675,826 shares of common, Preferred Series A and Preferred Series B stock issued and outstanding. The Series A and B stock convert into common stock on a 1 for 1 basis.

Management believes that the resulting change in the market price of River Hawk's common stock is more reflective of the Company's intrinsic value. The Company intends to continue to identify acquisition opportunities as it expands its fixed base maintenance operations and charter services. River Hawk recently completed its initial acquisition with the August 2007 completion of the merger of Profile Aviation Services, Inc., Profile Aviation Center, Inc., of Hickory, North Carolina, and privately held River Hawk Aviation, Inc., of San Antonio, Texas, into the Company. Management estimates forecasted revenues from the Company's existing operating subsidiaries at approximately $14-$15 million for the twelve months ending September 2008.

Calvin Humphrey, CEO of River Hawk, commenting from Hickory, North Carolina, said, "Effecting the Company's reverse stock split was necessary for the Company's growth plans. We expect this recapitalization to result in additional opportunities to obtain financing and attract acquisition targets, thereby enabling us to continue our plan to develop a nation-wide network of fixed base maintenance and full service charter companies in the aviation industry."

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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