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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington
D.C. 20549</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
S-8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGISTRATION
STATEMENT</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
SECURITIES ACT OF 1933</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">River
Hawk Aviation, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
name of Registrant as specified in charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Nevada</font></div>
            </td>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">000-30440</font></div>
            </td>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">22-3537927</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or other jurisdiction of incorporation)</font></div>
            </td>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
      File Number)</font></div>
            </td>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
      Employer Identification)</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">954
      Business Park Drive, Traverse City, MI</font></div>
            </td>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">49686</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
      of principal executive offices)</font></div>
            </td>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
      Code)</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
telephone number, including area code: (231) 946-4343</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND RICHARD
GIROUARD</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
Title of the Plan)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND STEVEN R.
PEACOCK</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
Title of the Plan)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND STEVE
CAREAGA</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
Title of the Plan)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ENGAGEMENT
AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DAVID
OTTO</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
Title of the Plan)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Incorp
Services, Inc</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3155 East
Patrick Lane, Suite 1</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Las
Vegas, NV 89120</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Name and
address of agent for service)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(702)
866-2500</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-------------------------------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Telephone
number, including area code, of agent for service)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---------------------------------------------------------------------------------</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CALCULATION
OF REGISTRATION FEE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><br></font>

      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="16%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title
      of Securities to be Registered</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-TOP: #000000 0.5pt solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
      to be Registered (1)</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-TOP: #000000 0.5pt solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
      Offering Price Per Share (2)</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-TOP: #000000 0.5pt solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Maximum
      Aggregate Offering Price (2)</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-TOP: #000000 0.5pt solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
      Maximum Amount of Fee</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="16%" style="BORDER-BOTTOM: 4px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
      Stock, $0.001 par value</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-BOTTOM: 4px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,030,000</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-BOTTOM: 4px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$1.50</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-BOTTOM: 4px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$4,545,000</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="16%" style="BORDER-BOTTOM: 4px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$178.62</font></div>
              </td>
            </tr>
        </table>
      </div><br></div>b

    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1) The
Professional Services Agreement between the River Hawk Aviation, Inc. (the
&#8220;Company&#8221;) and Richard Girouard for 1,500,000 shares of common stock of the
Company to be issued to Richard Girouard.&#160;&#160;Richard Girouard is
receiving the common stock of the Company pursuant to Professional Services
Agreement, the general nature and purpose of which is to provide strategic and
financial management services and guarantees and, at the same time, compensate
Mr. Girouard for these services.&#160;&#160;The Professional Services Agreement
does not provide for a specific term, but remains in effect until terminated by
either party.&#160;&#160;The Professional Services Agreement qualifies as an
Employee Benefit Plan as defined under Rule 405 of Regulation C.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1) The
Professional Services Agreement between the River Hawk Aviation, Inc. (the
&#8220;Company&#8221;) and Steven Peacock for 10,000 shares of common stock of the Company
to be issued to Steven Peacock.&#160;&#160;Steven Peacock is receiving the
common stock of the Company pursuant to Professional Services Agreement, the
general nature and purpose of which is to provide strategic and financial
management services and guarantees and, at the same time, compensate Mr. Peacock
for these services.&#160;&#160;The Professional Services Agreement does not
provide for a specific term, but remains in effect until terminated by either
party.&#160;&#160;The Professional Services Agreement qualifies as an Employee
Benefit Plan as defined under Rule 405 of Regulation C.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1) The
Professional Services Agreement between the River Hawk Aviation, Inc. (the
&#8220;Company&#8221;) and Steve Careaga for 20,000 shares of common stock of the Company to
be issued to Steve Careaga.&#160;&#160;Steven Peacock is receiving the common
stock of the Company pursuant to Professional Services Agreement, the general
nature and purpose of which is to provide strategic and financial management
services and guarantees and, at the same time, compensate Mr. Careaga for these
services.&#160;&#160;The Professional Services Agreement does not provide for a
specific term, but remains in effect until terminated by either
party.&#160;&#160;The Professional Services Agreement qualifies as an Employee
Benefit Plan as defined under Rule 405 of Regulation C.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1) The
engagement agreement (the "Engagement Agreement") between David Otto of The Otto
Law Group, PLLC ("OLG") and the Company, Inc. provides for, in addition to legal
services rendered to the Company on a periodic basis, strategic and financial
management services and guarantees.&#160;&#160;The Company has chosen to
compensate OLG for legal services rendered, in part, by issuing 1,500,000 shares
of the Company's common stock to David M. Otto on this Form S-8 registration
statement.&#160;&#160;The general nature and purpose of the Engagement Agreement
is to provide, in addition to legal services rendered to the Company on a
periodic basis, strategic and financial management services and guarantees and,
at the same time, compensate OLG for said legal services.&#160;&#160;The
Engagement Agreement does not provide for a specific term, but remains in effect
until terminated by either party.&#160;&#160;The Engagement Agreement qualifies
as an Employee Benefit Plan as defined under Rule 405 of Regulation
C.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Estimated&#160;&#160;solely
for the&#160;&#160;purposes
of&#160;&#160;determining&#160;&#160;the&#160;&#160;registration fee pursuant to
Rule 457.&#160;&#160;At the time of this filing, the average fair market value
of the Company's common stock, determined from average of the bid and ask price
Over the Counter, was $1.50 per share. On this basis, the maximum aggregate
offering price for the options to purchase shares being registered hereunder is
$4,545,000 and this is the basis for computing the filing fee in accordance with
Rule 457(h) and at a rate of the aggregate offering price multiplied by
..0000393.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
1.&#160;&#160;PLAN INFORMATION*</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
2.&#160;&#160;REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL
INFORMATION*</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font size="+0">________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -18pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">* The
documents constituting Part I of this Registration Statement will be sent or
given to participants in the Plan as specified by Rule 428(b)(1) under the
Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).&#160;&#160;Such
documents are not filed with the Securities and Exchange Commission (the
&#8220;Commission&#8221;) either as part of this Registration Statement or as prospectuses
or prospectus supplements pursuant to the note to Part I of Form
S-8.&#160;&#160;These documents and the documents incorporated by reference in
this Registration Statement pursuant to Item 3 of Part II of this Registration
Statement, taken together, constitute the prospectus that meets the requirements
of Section 10(a) of the Securities Act.&#160;&#160;Upon written or oral request,
the Company will provide, without charge, the documents incorporated by
reference in Item 3 of Part II of this Registration Statement.&#160;&#160;The
documents are incorporated by reference in the Section 10(a)
prospectus.&#160;&#160;The Company will also provide, without charge, upon
written or oral request, other documents required to be delivered to employees
pursuant to Rule 428(b).&#160;&#160;Requests for the above-mentioned information
should be directed to the Company at the address and telephone number on the
cover of this Registration Statement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_explanatory_note"><font style="DISPLAY: inline; TEXT-DECORATION: underline">EXPLANATORY
NOTE</font></a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
Registration Statement includes a reoffer prospectus (the &#8220;Reoffer Prospectus&#8221;)
prepared in accordance with General Instruction C of Form S-8 and in accordance
with the requirements of Part I of Form S-3.&#160;&#160;This Reoffer Prospectus
may be used for reoffers or resales, on a continuous or delayed basis, of an
aggregate of 3,000,000 shares of common stock.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="fis_part_i"><br></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REOFFER
PROSPECTUS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
document constitutes part of a prospectus covering</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">securities that have been registered
under the Securities Act of 1933</font>.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">3,000,000</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">Shares</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RIVER
HAWK AVIATION, INC.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
Stock</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(par
value $0.001 per share)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_________________________________________________________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RICHARD
GIROUARD</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and<font style="DISPLAY: inline; FONT-SIZE: 10pt"> the </font>ENGAGEMENT AGREEMENT
BETWEEN RIVER HAWK AVIATION, INC., AND DAVID OTTO</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_________________________________________________________________________________</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
common stock may be sold from time to time by the selling stockholder or by his
pledgees, donees, transferees or other successors in interest.&#160;&#160;Such
sales may be made in the over-the-counter market or otherwise at prices and at
terms then prevailing or at prices related to the then current market price, or
in negotiated transactions.&#160;&#160;The common stock may be sold by one or
more of the following: (i) block trades in which the broker or dealer so engaged
will attempt to sell the shares as agent but may position and resell portions of
the block as principal to facilitate the transaction; (ii) purchases by a broker
or dealer as principal and resale by such broker or dealer for its account
pursuant to this prospectus; (iii) an exchange distribution in accordance with
the rules of such exchange; and (iv) ordinary brokerage transactions and
transactions in which the broker solicits purchases.&#160;&#160;In effecting
sales, brokers or dealers engaged by the selling stockholder may arrange for
other brokers or dealers to participate. Brokers or dealers will receive
commissions or discounts from selling stockholders in amounts to be negotiated
immediately prior to the sale.&#160;&#160;Such brokers or dealers and any other
participating brokers or dealers may be deemed to be &#8220;underwriters&#8221; within the
meaning of the Securities Act of 1933, as amended (the &#8220;Act&#8221;) in connection with
such sales.&#160;&#160;In addition, any securities covered by this prospectus
which qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather
than pursuant to this prospectus.&#160;&#160;We will not receive any of the
proceeds from the sale of these shares, although we have paid the expenses of
preparing this prospectus and the related registration statement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
12, 2008, the last reported sale price for our common stock on the OTC Bulletin
Board was $3.52 per share.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">See &#8220;Risk
Factors&#8221; beginning at page 6 for certain information which should be carefully
considered by prospective purchasers of the Shares offered hereby.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OR
DISAPPROVED OF THESE SECURITIES, NOR HAS IT DETERMINED</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IF THIS
PROSPECTUS IS TRUTHFUL AND COMPLETE. ANY</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The date
of this Prospectus is March 12, 2008</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_prospectus_summary">PROSPECTUS SUMMARY</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following summary contains basic information about River Hawk Aviation, Inc.
(&#8220;River Hawk&#8221; or the &#8220;Company&#8221;) and this prospectus. It may not contain all of
the information that is important to you. For a more complete understanding, we
encourage you to read the entire prospectus and the documents incorporated by
reference into this prospectus. In this prospectus, the words &#8220;River Hawk,&#8221;
&#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; and &#8220;us&#8221; refer to River Hawk Aviation, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_the_offering" /><a name="fis_unidentified_table_3">THIS
OFFERING</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
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      Stock outstanding before the offering</font></div>
            </td>
            <td align="left" valign="top" width="37%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      Stock outstanding after the offering</font></div>
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            <td align="left" valign="top" width="37%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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            </td>
          </tr>
          <tr>
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Use
      of Proceeds</font></div>
            </td>
            <td align="left" valign="top" width="37%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      Company will not receive any proceeds.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Risk
      Factors</font></div>
            </td>
            <td align="left" valign="top" width="37%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      purchase of our common stock involves a high degree of risk. You should
      carefully review and consider &#8220;Risk Factors&#8221; beginning on page
      7.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">OTC
      Bulletin Board Trading Symbol</font></div>
            </td>
            <td align="left" valign="top" width="37%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">RHWI</font></div>
            </td>
          </tr>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><a name="fis_more_information"><br></a>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DOCUMENTS
INCORPORATED BY REFERENCE</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following documents filed with the Securities Exchange Commission (the
&#8220;Commission&#8221;) pursuant to the Securities Exchange Act of 1934, as amended, (the
&#8220;Exchange Act&#8221;) are incorporated herein by reference:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1. Annual
Report on Form 10-KSB for the fiscal year ended December 31, 2006.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.
Quarterly Report on Form 10-QSB for the periods ended September 30, 2007, June
30, 2007, and March 31, 2007.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.
Current Reports on Form 8-K filed on November 11, 2007, August 30, 2007, August
28, 2007, June 19, 2007, May 16, 2007, April 3, 2007 January 29, 2007 and
January 12, 2007.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.&#160;&#160;Registration
Statement on Form 10-SB, as filed with the Commission on August 31,
1999.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
documents subsequently filed by River Hawk pursuant to Section 13(a), 13(c), 14
or 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) prior to
the termination of this offering shall be deemed to be incorporated by reference
in this prospectus and to be a part of this prospectus from the date of filing
thereof.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
statement contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this prospectus to the
extent that a statement contained herein or in any other subsequently filed
document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute part of this prospectus.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We will
provide without charge to each person to whom this prospectus is delivered, upon
written or oral request of that person, a copy of all documents incorporated by
reference into the registration statement of which this prospectus is a part,
other than exhibits to those documents (unless such exhibits are specifically
incorporated by reference into such documents). Requests for such documents
should be directed to: Calvin Humphrey, President, 954 Business Park Drive,
Suite #4, Traverse City, MI 49686, (888)336-8482.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORWARD
LOOKING STATEMENTS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Statements
and projections contained in this Prospectus that are not based on historical
fact, including but not limited to statements containing the words "believes,"
"anticipates," "intends," "expects" and words of similar import, as well as all
projections of future results, constitute "forward-looking
statements."&#160;&#160;This Prospectus contains forward-looking statements and
projections concerning the Company's or management's plans, intentions,
strategies, expectations, predictions and financial projections concerning the
Company's future activities and results of operations and other future events or
conditions.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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important to note that the Company's actual results or activities or actual
events or conditions could differ materially from those projected by the Company
from such forward looking statements. The plans, strategies and intentions of
management may change based on increased experience with the Company's business
model as well as in response to competition, general economic trends, or
perceived opportunities, risks or other developments. Projections concerning the
Company's future results of operation and expansion plans are based on a number
of assumptions and estimates made by management concerning, among other things,
customer acceptance of and demand for the Company's services and products, the
timely availability of capital on acceptable terms, the Company's ability to
identify, attract and retain qualified support staff and personnel, research and
development costs and expenses and other future events and conditions. These
estimates and assumptions are believed by management to be reasonable, but are
dependent upon facts and conditions that are uncertain and unpredictable. To the
extent that actual events differ materially from management assumptions and
estimates, actual results will differ from those projected. See "Risk
Factors.&#8221;</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RISK
FACTORS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">The
following information describes the various risks relating to both the Company&#8217;s
operations and its common stock.&#160;&#160;The below risks are deemed as being
material to a decision to invest in our Company.&#160; The Company could also be
adversely affected by additional risks and uncertainties not presently known or
believed to be material.&#160;&#160;The following risks should be considered
carefully, together with all of the other information included in this
prospectus, before an investor decides to purchase any shares of the Company&#8217;s
common stock.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Risks
Related to the Operations of the Company:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s business is difficult to evaluate because we have a limited operating
history and an uncertain future.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">While
Profile was established in, and has operated since, 1996, River Hawk, as an
aviation holding company, has a limited operating history upon which to evaluate
present business and future prospects.&#160;&#160;We face risks and
uncertainties relating to our ability to implement our business plan
successfully.&#160;&#160;Our operations are subject to all of the risks inherent
in the establishment of a new business enterprise generally.&#160;&#160;The
likelihood of our success must be considered in light of the problems, expenses,
difficulties, complications and delays frequently encountered in connection with
the formation of a new business, the commencement of operations and the
competitive environment in which we operate.&#160;&#160;If we are unsuccessfully
in addressing these risk, our business, results of operations, financial
condition and prospects will be materially harmed.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company could be adversely affected by increases in fuel prices.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">An
increase in fuel prices could discourage passengers from flying on private jets
and decrease revenue for the entire airline industry.&#160;&#160;If fuel prices
substantially increase, it could affect the price to operate flights and
adversely affect revenue, having a material impact on achieving profitability
unless the Company&#8217;s customers are able to absorb the price
increase.&#160;&#160;The competitive nature of the aviation industry will affect
the Company&#8217;s ability to pass on increased fuel prices by increasing
rates.&#160;&#160;Currently, we do not anticipate a decrease of available fuel.
However, dependency on foreign imports of crude oil and the possibility of
changes in government policy on jet fuel production, transportation and
marketing make it difficult to predict future availability of jet
fuel.&#160;&#160;If there are new outbreaks of war and other conflicts in oil
producing areas, this could also affect fuel availability.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
segments of the aviation services industry in which the Company operates are
extremely competitive.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company competes with national, regional and local charter management
operations, aircraft maintenance operations and fixed based
operators.&#160;&#160;Most of our competitors have been in the business far
longer than we have and many may have greater financial resources available to
them.&#160;&#160;Having greater financial resources will make it easier for
these competitors to absorb higher fuel prices and other increases in
expenses.&#160;&#160;In addition, these competitors might seek acquisitions in
competition to us.&#160;&#160;Accordingly, we can give no assurance that we will
be able to successfully compete in our industry.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s future success is largely dependent upon locating and acquiring FBO&#8217;s
at strategic points across the country.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s business is based on the acquisition of FBOs and MBOs in strategic
locations across the country.&#160;&#160;These acquisitions will be largely
dependent upon location and availability.&#160;&#160;If the Company is
unsuccessful at finding available FBOs and MBOs to join the Company, operations
and revenue would suffer.&#160;&#160;Furthermore, it will take significant
financial resources to acquire FBOs and MBOs.&#160;&#160;If the Company, does
not have adequate financial resources the success of its business will be
adversely affected.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Compliance
with various regulations governing the airline industry can be costly, and we
could be harmed if the Company fails to comply with such
regulations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airlines
are subject to extensive regulatory and legal requirements that involve
significant compliance costs that can result in increased costs for passengers
and the airline.&#160; The FAA, DOT and TSA periodically propose additional
laws, regulations, taxes and airport rates and charges.&#160; Such measures
could have the effect of raising costs, reducing revenue or reducing demand for
air travel.&#160; The Company expects to continue incurring expenses to comply
with existing and future regulations.&#160; Moreover, if the Company fails to
comply with applicable regulations, it may be subject to criminal and civil
sanctions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Future
terrorist attacks, other world events, general economic conditions and other
factors beyond the Company&#8217;s control could substantially harm the
Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Concerns
about further terrorist attacks have had a negative impact on air travel
demand.&#160; In addition, security procedures introduced at airports since the
attacks have increased the inconvenience of air travel, both in reality and in
customer perception, leading to further reduction in
demand.&#160;&#160;Additional terrorist attacks, the fear of such attacks,
continued conflict in Iraq, Afghanistan and other countries could further affect
the airline industry and could cause general instability in financial
markets.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">While we
believe that our lease management and FBO services are less vulnerable to
decrease in demand under these circumstances than commercial, scheduled
passenger services, because a substantial portion of air travel, including
business travel, is discretionary, the industry tends to experience adverse
financial results during economic downturns.&#160; Any general decline in
passenger traffic may harm the Company&#8217;s business.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company may require additional financing to expand our businesses apart from the
use of financing to effect acquisitions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">It is
possible the Company may require additional financing during the fiscal year
ending December 31, 2008.&#160;&#160;We can give no assurances as to obtaining
additional cash flow from operations, receiving additional financing or
attaining profitability.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Other
factors beyond the Company&#8217;s control could substantially harm the
Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s operations are also subject to delays caused by factors beyond its
control, including air traffic congestion at airports, adverse weather
conditions and increased security measures.&#160; Such delays frustrate
passengers, reduce aircraft utilization and increase costs, all of which may
affect profitability and harm the Company&#8217;s financial condition and results of
operations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
the Company is unable to upgrade its aircraft and FBO procedures and equipment,
it could adversely affect the Company&#8217;s results of operations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
airline industry is constantly developing new technologies and procedures for
aircrafts and FBO procedures and equipment.&#160;&#160;If the Company cannot
afford to upgrade its equipment competitors with the newer technologies will
have an advantage in the marketplace.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s success is largely dependent upon key management and other
personnel.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s future success will be heavily dependent on the performance of our
executive officers and mangers, as well as retaining and training
employees.&#160;&#160;Although we believe we will be able to hire and retain
qualified personnel, we can give no assurance that we will be successful in
obtaining, recruiting and retaining such personnel in sufficient numbers to
increase revenues, attain profitability or successfully implement our growth
strategy</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Risks
related to the Company&#8217;s Common Stock:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s common stock is subject to the penny stock rules.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Securities and Exchange Commission has adopted a set of rules called the penny
stock rules that regulate broker-dealers with respect to trading in securities
with a bid price of less than $5.00. These rules do not apply to securities
registered on certain national securities exchanges&#160;(including the Nasdaq
Stock Market) or authorized for quotation on an automated quotation system
sponsored by a registered pre-1990 securities association, provided that current
price and volume information regarding transactions in such securities is
provided by the exchange or system. The penny stock rules require a
broker-dealer to deliver to the customer a standardized risk disclosure document
prepared by the Commission that provides information about penny stocks and the
nature and level of risks in the penny stock market. The broker-dealer also must
provide the customer with other information. The penny stock rules require that,
prior to a transaction in a penny stock, the broker-dealer must determine in
writing that the penny stock is a suitable investment for the purchaser and
receive the purchaser&#8217;s written agreement to the transaction. These disclosure
requirements may reduce the level of trading activity in the secondary market
for a stock that is subject to the penny stock rules. If a market ever does
develop for our common stock, as to which we can give no assurance, and it
should remain subject to the penny stock rules, holders of our common stock may
find it more difficult to sell their shares of our common stock.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company does not anticipate paying dividends on our common stock in the
foreseeable future.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We intend
to retain future earnings, if any, to fund our operations and to expand our
business. Accordingly, we do not anticipate paying cash dividends on shares of
our common stock in the foreseeable future.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s board right to authorize additional shares of preferred stock could
adversely impact the rights of holders of our common stock.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our board
of directors currently has the right, with respect to the 25,000,000 authorized
shares of blank check preferred stock, to authorize the issuance of one or more
series of our preferred stock with such voting, dividend and other rights as our
directors determine. Such action can be taken by our board without the approval
of the holders of our common stock. Accordingly, the holders of any new series
of preferred stock could be granted voting rights that reduce the voting power
of the holders of our common stock. For example, the preferred holders could be
granted the right to vote on a corporate reorganization or acquisition even if
the reorganization of acquisition would not have an adverse effect on their
rights. This right, if granted, would give them a veto with respect to any
reorganization. Or they could be granted 20 votes per share while voting as a
single class with the holders of the common stock, thereby diluting the voting
power of the holders of our common stock. In addition, the holders of any new
series of preferred stock could be given the option to be redeemed in cash in
the event of a reorganization or acquisition. This would make an acquisition of
our Company less attractive to a potential acquirer. Thus, our board could
authorize the issuance of shares of the new series of preferred stock in order
to defeat a proposal for the acquisition of our Company which a majority of our
then holders of our common stock otherwise favor.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Anti-takeover
effects of certain provisions of Nevada state law hinder anti-takeover effects
of certain a potential takeover of River Hawk</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Though
not now, we may be or in the future we may become subject to Nevada&#8217;s control
share law. A corporation is subject to Nevada&#8217;s control share law if it has more
than 200 stockholders, at least 100 of who are stockholders of record and
residents of Nevada, and it does business in Nevada or through an affiliated
corporation.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The law
focuses on the acquisition of a &#8220;controlling interest&#8221; which means the ownership
of outstanding voting shares sufficient, but for the control share law, to
enable the acquiring person to exercise the following proportions of the voting
power of the corporation in the election of directors: (i) one-fifth or more but
less than one-third, (ii) one-third or more but less than a majority, or (iii) a
majority or more. The ability to exercise such voting power may be direct or
indirect, as well as individual or in association with others.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
effect of the control share law is that the acquiring person, and those acting
in association with it, obtains only such voting rights in the control shares as
are conferred by a resolution of the stockholders of the corporation, approved
at a special or annual meeting of stockholders. The control share law
contemplates that voting rights will be considered only once by the other
stockholders. Thus, there is no authority to strip voting rights from the
control shares of an acquiring person once those rights have been approved. If
the stockholders do not grant voting rights to the control shares acquired by an
acquiring person, those shares do not become permanent non-voting shares. The
acquiring person is free to sell its shares to others. If the buyers of those
shares themselves do not acquire a controlling interest, their shares do not
become governed by the control share law.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
control shares are accorded full voting rights and the acquiring person has
acquired control shares with a majority or more of the voting power, any
stockholder of record, other than an acquiring person, who has not voted in
favor of approval of voting rights is entitled to demand fair value for such
stockholder&#8217;s shares.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada&#8217;s
control share law may have the effect of discouraging takeovers of the
corporation.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition to the control share law, Nevada has a business combination law which
prohibits certain business combinations between Nevada corporations and
&#8220;interested stockholders&#8221; for three years after the &#8220;interested stockholder&#8221;
first becomes an &#8220;interested stockholder,&#8221; unless the corporation&#8217;s board of
directors approves the combination in advance. For purposes of Nevada law, an
&#8220;interested stockholder&#8221; is any person who is (i) the beneficial owner, directly
or indirectly, of ten percent or more of the voting power of the outstanding
voting shares of the corporation, or (ii) an affiliate or associate of the
corporation and at any time within the three previous years was the beneficial
owner, directly or indirectly, of ten percent or more of the voting power of the
then outstanding shares of the corporation. The definition of the term &#8220;business
combination&#8221; is sufficiently broad to cover virtually any kind of transaction
that would allow a potential acquiror to use the corporation&#8217;s assets to finance
the acquisition or otherwise to benefit its own interests rather than the
interests of the corporation and its other stockholders.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
effect of Nevada&#8217;s business combination law is to potentially discourage parties
interested in taking control of River Hawk from doing so if it cannot obtain the
approval of our board of directors.</font><a name="fis_proceed_use"><br></a></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
COMPANY</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Overview</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>River Hawk Aviation, Inc. (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">River Hawk</font>&#8221; or the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>&#8221;) a Nevada corporation
incorporated on March 14, 2005, is an aviation holding company focused on the
acquisition of Fixed Based Operations (FBOs) and Maintenance Based Operations
(MBOs) with the goal of establishing a national network of charter aircraft
services.&#160;&#160;Headquartered in Traverse City, Michigan, River Hawk is a
public company trading under the symbol (OTC: RHWI).&#160;&#160;In addition to
FBO, MBO and aircraft charter services, River Hawk sells aircraft and aircraft
shares, aviation products, technology and aviation related consulting services,
marketing and appraisals to the aviation community.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The Company owns the Hickory, North
Carolina based Profile Aviation Center, Inc. and Profile Services, Inc. (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Profile</font>&#8221;), a full service FBO
and MBO aviation services company, and the Texas based River Hawk Aviation, Inc.
(&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">River Hawk-San
Antonio</font>&#8221;), a leading purchaser, refurbisher, installer and supplier of
aviation parts and services to niche commercial airline and charter companies,
fixed based maintenance FBOs, MBOs, government contractors, Original Equipment
Manufacturers (&#8220;OEMs&#8221;) and to major repair facilities domestically and
internationally.&#160;&#160;In October 2007 River Hawk-San Antonio recently
completed the relocation of its aviation parts inventory to the facilities of
Profile, at Hickory Regional Airport, consolidating its inventory within
Profiles&#160;&#160;FBO and MBO&#160;&#160;facilities.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s Expansion Plan</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">River
Hawk acquired Profile in August of 2007, marking its first acquisition of a full
service FBO and MBO charter-services company and providing a launching point in
River Hawk&#8217;s business plan to develop a network of full service FBO and MBO
charter services companies throughout the United States.&#160;&#160;Profile
provides high level maintenance, repair, refurbishment and hangar services as
part of its aircraft leases to individuals and corporate customers, providing
additional convenience and customer service value to its lessees and additional
revenue above that of its per hour aircraft usage fees and to refueling services
and ground services.&#160;&#160;Profile both provides planes for charter
services and manages independently-owned charter aircraft.&#160;&#160;Profile
primarily serves North Carolina, South Carolina, Georgia, and the surrounding
states.&#160;&#160;Additionally, Profile operates an on-site pilot training
school where, in cooperation with Caldwell Community College of,
Hudson,&#160;North Carolina, students can be trained in aviation.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Management
expects that the recent acquisition of Profile will provide the added effect of
expanding River Hawk- aviation parts customer base while enabling River Hawk the
immediate ability to offer a full range of proven aircraft leasing and
management services.&#160;&#160;Additionally, we expect that Profile&#8217;s
maintenance expertise will strengthen River Hawk&#8217;s aviation parts supply and
service credentials.&#160;&#160;Furthermore, River Hawk envisions that Profile&#8217;s
pilot training program is strategically situated to enhance River Hawk&#8217;s ability
in supplying pilots for charter services and government contract
work.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Similarly,
Management expects that Profile&#8217;s market growth strategies will benefit from
gaining a presence in River Hawk&#8217;s current customer base, including purchasers
of aviations parts and equipment as well as purchasers and lessees of
aircraft.&#160;&#160;Over the next five years, River Hawk intends to establish
full charter services and to replicate its acquisition of Profile to either
purchase and/or establish additional FBOs and charter facilities in the Mid
West, Central Northern, Atlantic, South West, California and Pacific North West
regions of the United States.&#160;&#160;River Hawk&#8217;s expansion strategy will
exploit synergies and efficient relocation of equipment and resources to take
full advantage of local knowledge and relationships of the FBO and charter
facilities that it intends to acquire.&#160;&#160;&#160;Additionally, an
expanded network will enable River Hawk customers to plan flights throughout the
country and receive River Hawk services at each destination.&#160;&#160;Finally,
River Hawk intends to focus its efforts upon obtaining strategic financing that
both provides expansion and reduces interest expense supports the Company&#8217;s
bottom line, believing that favorable financing increases both profit and cash
to reinvest into additional assets/businesses.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>River Hawk plans to acquire three
additional full service FBO and MBO charter-services companies during the next
12 months through a combination of equity and debt
financing.&#160;&#160;Management is particularly focused on charter companies
generating between $15 million and $25 million in annual revenue, with an EBITDA
of approximately 15%.&#160;&#160;River Hawk acquired Profile for approximately
4X EBITDA, and expects its next acquisitions will be valued at between 4X &#8211; 8X
EBITDA (between $12 million and $24 million).&#160;&#160;Additionally, the
Company intends to raise between $5 million and $7.5 million to acquire 5
additional aircraft and to build additional hanger space at Hickory Regional
Airport in order to expand Profile&#8217;s charter services.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Businesses of River Hawk</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">River
Hawk is an aviation products and services company with operations in the
aircraft lease and management, fixed base operations and maintenance segments of
the general aviation industry.&#160;&#160;In addition to providing a full range
of fueling services, line services, ground transportation, hangar, and ramp
space at its current location in Hickory, North Carolina through its subsidiary,
Profile, River Hawk intends to develop and operate a national network of FBO
aviation facilities.&#160;&#160;Full service capabilities and client
satisfaction will remain the strategic goal when considering expansion at a
potential location.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Services
available at each facility:</font></div>
    <div>
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            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Refueling
      Services</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Full
      Service maintenance team and parts
supply</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Aircraft
      storage, hangar and ramp space</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pilot
      recruitment and placement</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">De-ice
      capabilities</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Office
      and shop space</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Crew
      internet access</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Escorted
      ramp access</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Arrangement
      of Ground transportation for guests and
crew</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pilot
      Training School (Affiliated with Caldwell Community
    College)</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Planed
      Charter Services &#8211; The Company plans to be licensed for full Charter
      Services within 4 &#8211; 6 months</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Through
our aircraft management services, we provide both private, full service aircraft
management and on-call passenger air transportation.&#160;&#160;&#160;River Hawk
implements charter services through its company-owned fleet of&#160;&#160;6
corporate owned aircraft and 6 managed , third-party owned aircraft, as well as
dual owned and multi-share owned aircraft for which River Hawk provides
maintenance, refurbishment, and regulatory oversight while offering charter
services including, among other things, convenient refueling services with per
gallon discounts for frequent customers.&#160;&#160;In addition to the fueling
services, an FBO is the primary provider of hangars to charter
aircraft.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Currently,
River Hawk manages aircrafts under Federal Aviation Administration (&#8220;FAA&#8221;)
Regulations Part 91 operation.&#160;&#160;Based on management&#8217;s analysis of the
current aviation industries and expectations, we are currently applying to
reactivate our now dormant Part 135 license, which we expect will enable us to
provide full charter management services within 4 to 6 months.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Industry</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Charter
management in the aviation industry operates under FAA Regulations Part 135,
which regulates aircraft with up to 30 seats and 7,500 pounds of
payload.&#160;&#160;&#160;The National Air Transportation Association (&#8220;NATA&#8221;)
reports that there are approximately 3,000 holders of Part 135 charter
certificates. These include approximately 2,550 for fixed wing aircraft and 450
for helicopter operators.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additionally,
according to NATA, business travelers accounts for approximately 70 percent of
the charter services market, with personal travel representing the
remainder.&#160;&#160;Notably, approximately 30 percent of charter travelers
used charter services almost exclusively, having nearly ceased using scheduled
airlines.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NATA
further reports that the highly fragmented FBO segment of the charter services
industry is comprised of over 3,000 operators located at one or more of the
approximately 3,000 airports with at least one paved 3,000-foot runway,
nationwide.&#160;&#160;While most FBOs are single location operators, NATA
characterizes operators located at three or more airports as &#8220;chains,&#8221; and if
located in at least two distinctive regions of the country, as a &#8220;national&#8221;
chains as compared with &#8220;regional&#8221; chains.&#160;&#160;River Hawk&#8217;s goal to
establish a national chain reflects its belief in a national chain benefits from
enhancing client retention by providing its clients with nationwide flight
access yet enabling the company to manage fuel costs at each destination in its
network.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">River
Hawk believes the general aviation market has historically been somewhat
cyclical, with revenues correlated with general economic conditions. We also
believe that the current charter services marketplace provides growth
opportunities for the following reasons:</font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: symbol, serif">&#183;</font></div>
            </td>
            <td valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">The
      increasing emphasis on security at the country&#8217;s major airports during the
      current decade has effected a fundamental change in the demand for the
      convenience private aviation services for both business and leisure
      travel.&#160;&#160;These security initiatives and related increase in
      check-in delays have shifted demand private aircraft
    travel.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: symbol, serif">&#183;</font></div>
            </td>
            <td valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">New
      generation private jet aircraft are increasingly entering the market,
      providing a broader range of more affordable variable range light and very
      light jets. As this new generation of private jet aircraft begins to
      proliferate, we believe there will be a resultant demand for more FBO
      services in secondary markets as well as in middle America, where these
      aircraft might be expected to put down and take on fuel en route to their
      final destinations.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: symbol, serif">&#160;</font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="2%">

              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: symbol, serif">&#183;</font></div>&#160;</td>
            <td valign="top" width="68%">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Greater
      traffic at major and regional airports has led to a shortage of runways
      space for larger, commercial&#160;&#160;jet aircraft at major and even
      regional airports, further exasperating flight delays and enhancing the
      very light jet market.</font><br></font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Marketing
and Sales</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">With the
acquisition of River Hawk-San Antonio and Profile, we intend to dedicate a small
but focused marketing sales force to maintain and increase sales of our
management services as we transition to a full service, charter management
service company primarily focusing on charter management and FBO services, with
an added emphasis on maintenance and refueling.&#160;&#160;Senior executives
will complement and enhance these efforts and directly focus on pursuing
aircraft owners to add their aircraft to our managed fleet.&#160;&#160;&#160;Our
marketing and sales initiative is of particular importance during this
transition due to the need to create reliable demand for chartered flights in
order to support the expected, additional salary expenditures arising under the
FAA requirement that charter managements companies have pilots available on a
full time basis.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
additional to active, person-to-person and channel partnership introductions,
the Company is currently undertaking enhancements to the Company&#8217;s website that
will support the sales force and enhance two-way communication between clients,
potential clients, and Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Competition</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Both
aircraft leasing, management companies and full charter service companies exist
in a highly fragmented segment of the aviation industry, with competition at the
local, regional and national level.&#160;&#160;Management believes that the
current fleet of aircraft it manages provides a platform from which it can
expand the type and number of aircraft that it can deploy for (i) charter in the
future in order to compete on a larger scale in terms of scheduling flexibility,
availability and route variability and (ii) its managed leasing services and, in
the near term, full charter managed services.&#160;&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As of the
date of this document, the managed fleet is comprised of 12 managed aircraft, 6
of which the Company either owns outright or shares ownership interests and 6 of
which it manages for third-party owners.&#160;&#160;&#160;The Company-owned
portion of our fleet includes well-known aircraft such as Beech and
Cessna.&#160;&#160;Owning shares of certain aircraft enables the Company to
spread out carrying costs when an aircraft would otherwise be idle, while
allowing us to cost-effectively expand the size and variability of our
fleet.&#160;&#160;We are currently in negotiations to purchase a Citation II
jet, which will provide added convenience at greater destination ranges to our
clients.&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The FBO
segment of the industry, the vast majority of which are independent, single
location operators, is characterized by competition in both pricing and service,
leading to a broad range of fees and services even within relatively small
geographic regions.&#160;&#160;River Hawk expects that as it expands its network
its increasing size will provide greater buying power from suppliers and
consequential lower costs, which will enable more consistent services and
aggressive pricing to current and potential clients.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effect
of existing or probable government regulation</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
business operates under the regulation and supervision of the Federal Aviation
Administration (FAA). Our services, including, among other things, dispensing
fuels, repair services, maintenance services and pilot management services are
under the purview of local, regional and national regulatory agencies. The
adoption of new regulations could, and generally does, result in increased costs
that can not be reliably estimated in advance.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Government
Approvals</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FBOs,
MBOs and charter services companies generally operate on municipal or other
government owned real estate properties, as with Profile. At times we will need
to obtain certain consents or approvals from those government entities in
conjunction with our operations, acquisition or expansion, and with the terms of
relevant airport leases.&#160;&#160;There can be no assurance that we shall
obtain such consents on terms favorable to the Company.&#160;&#160;&#160;Any
such failure could result inability to expand services at a location or to a
location and under certain contracts could hinder additional acquisitions that
we otherwise would consider.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Costs
and effects of complying with environmental laws</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
dispensing fuels and in maintenance and repair operations, we handle virgin and
waste petroleum products.&#160;&#160;These activities are subject to federal,
state and local environmental laws. The Company intends to comply with these
laws as part of its standard operating practice. The cost of this compliance is
considered a normal cost of operations.&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employees</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As of the
date of this document, we employ&#160;&#160;34 full-time or part-time
employees&#160;&#160;and independent contractors.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Subsidiary Businesses</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Profile
Aviation Center, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Company
Overview</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Profile
Aviation Center, Inc., a North Carolina corporation, was established in 1996 and
Profile Services, Inc., a Delaware corporation, was established in
1994.&#160;&#160;Both companies are headquartered in North Carolina under common
ownership and work synergistically to offer a full range of services for
corporate aircraft leasing and management services throughout the South Eastern
United States.&#160;&#160;Providing a full service, FBO and MBO at Hickory
Regional Airport in North Carolina, Profile is a member of both the National
Business Aviation Association (&#8220;NBAA&#8221;) and NATA, and is a designated Phillips
Aviation Performance Center for its continued demonstration of excellence in
ground support operations.&#160;&#160;Profile employs FAA trained aircraft
technicians and requires that its employees and pilot-trainees remain up to date
on current as well as innovative standards for a full range of aircraft
services.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>One of Profile&#8217;s loyal customers is
NASCAR, with whom it maintains an ongoing service contract to provide charter
services to various NASCAR executives, teams, employees and
drivers.&#160;&#160;Profile transports and provides services aboard two of its
19-seat passenger aircraft and six of its Kingair turbine powered
aircrafts.&#160;&#160;Profile owns, maintains and stores eleven turbine-powered
aircrafts of the following types: Beechcraft 1900, Beechjet 400, Beechcraft
Kingair 350, B200, 200, B100, and Cessna Citation II.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Profile&#8217;s facilities include 180,000
square feet of hangar, maintenance and office facilities, with generous
opportunities for expansion, as needed, at the Hickory Regional
Airport.&#160;&#160;The facilities also include a Federal Aviation Regulation
(&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">FAR</font>&#8221;) part 145 repair
station operation, a FAR part 135 charter operation, and aircraft
leasing.&#160;&#160;Profile employs over 60 people at their facilities, 24 of
whom are independent-contractor pilots, which reduces liability
risks.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
conjunction with its FAR part 145 repair station, Profile provides complete
avionics service for both installation and repair services for aircraft avionic
systems.&#160;&#160;The FAR part 145 repair station is also equipped with a
comprehensive inventory of aircraft maintenance tooling, which enables the
efficient performance of a comprehensive range of maintenance
services.&#160;&#160;To support its maintenance services, Profile maintains a
broad aircraft parts inventory with a proactive and efficient parts-traceability
program.&#160;&#160;Profile also retains inventory management specialists who
are, in addition, fully trained and authorized to ship hazardous
materials.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>In order to provide top quality
maintenance service, Profile employs senior maintenance technicians and
inspectors who each have 30 years or more of experience in
aviation-maintenance.&#160;&#160;This experience includes working knowledge of
the following aircrafts: Beechcraft 1900, Kingair (all series), Learjet (all
series) and Cessna Citation 500 series.&#160;&#160;Profile&#8217;s maintenance
training program is also FAA-approved and Profile maintenance technicians attend
regular trainings with both FlightSafety and Simuflite.&#160;&#160;Its ground
service crews undergo NATA Safety First Training and Phillips Line Service
Training along with an in-house training program conducted at Profile&#8217;s
facilities.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>In connection with the other facilities
and services, Profile offers customers a Cessna single engine service center,
phase inspections, airframe repairs, annual and 100 hour inspections, large
parts inventory, engine exchanges, NDT inspections, an altimeter, static,
Transponder System Test, and service and repair for the Bendix King, Collins,
and ARC.&#160;&#160;Profile&#8217;s ground services include, NATA Safety 1<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font>
Certified technicians, Phillilps 66 100LL and JetA with Prist, quick turn
fueling, GPU Service 12/28 volt, towing service up to Gulf Stream V, baggage
handling, red carpet services, coffee and ice, tie down, and overnight hangar
services.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">River
Hawk-San Antonio</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">River
Hawk was formed as a private company in 2002 and merged into a public company in
January of 2003. Until recently, the Company primarily concentrated its efforts
on the build-out of airline hubs in Puerto Rico and the Dominican Republic,
through its former subsidiaries, EC AIR and VAD, which were sold in exchange for
the purchaser&#8217;s assumption of certain liabilities of the Company.&#160;&#160;The
majority of these efforts have focused on development of licensing and
supporting organizational growth.&#160;&#160;In January 2007, River Hawk,
formerly known as Viva International, Inc., completed an asset purchase
agreement with River Hawk-San Antonio, acquiring its aviation parts
manufacturing and supplying business.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>River Hawk-San Antonio currently has an
ongoing relationship with Honeywell, International Turbine Services (&#8220;ITS&#8221;) and
NASCAR.&#160;&#160;ITS, a major supplier of engine parts to Dallas Airmotive,
has purchased over $10 million in engine parts from River Hawk-San Antonio over
the last 18 months.&#160;&#160;River Hawk has provided aircraft parts, engines
and aircrafts to several NASCAR teams, including Ganasii Racing, Sabco Racing
and Joe Gibbs Racing.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>River Hawk-San Antonio had sales of
$707,663 for the year ended December 31, 2005, with a gross margin of $540,511,
and booked approximately $1.5 million in sales in the first half of 2006
(results for the second half of 2006 will become available following March 31,
2007).&#160;&#160;Gross revenues at the end of 2006 are expected to exceed $1.8
million, with an estimated gross margin of $1.2
million.&#160;&#160;&#160;Forecasts for 2007 indicate gross margins of
approximately $2.5 million.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The airline industry&#8217;s cyclical curve
is currently in the early stages of an upward climb (historically lasting five
years on average), as evidenced by performance standards within the
industry.&#160;&#160;The next five years is expected to revitalize growth,
especially in profit though debt reduction.&#160;&#160;During this period, River
Hawk plans to grow into an aviation holding conglomerate, becoming an industry
leader in the aviation parts, services and aviation technology
industry.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following table sets forth, as of March 12, 2008 certain information regarding
the ownership of River Hawk&#8217;s capital stock by each director and executive
officer of River Hawk, each person who is known to River Hawk to be a beneficial
owner of more than 5% of any class of River Hawk&#8217;s capital stock, and by all
officers and directors of River Hawk as a group.&#160;&#160;Unless otherwise
indicated below, to River Hawk&#8217;s knowledge, all persons listed below have sole
voting and investing power with respect to their shares of capital stock except
to the extent authority is shared by spouses under applicable community property
laws.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Beneficial
ownership is determined in accordance with the rules of the Securities and
Exchange Commission (&#8220;SEC&#8221;) and generally includes voting or investment power
with respect to securities.&#160;&#160;Shares of common stock subject to options
or convertible securities exercisable or convertible within sixty (60) days of
March 12, 2008 are deemed outstanding for computing the percentage of the person
or entity holding such options or convertible securities but are not deemed
outstanding for computing the percentage of any other person, and is based on
17,859,731 shares of common stock issued and outstanding, as of March 12,
2008.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">NAME
      AND ADDRESS OF BENEFICIAL OWNER</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">AMOUNT
      AND NATURE OF BENEFICIALOWNERSHIP</font></div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">%
      OF COMMON STOCK ON A FULLY DILUTED BASIS (4)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Calvin
      Humphrey</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1023
      Business Park Drive</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Traverse
      City, MI&#160;49686</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5,517,237
      (1)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chairman,
      President, CEO, &gt; 10% shareholder</font></div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">30.89%</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Robert
      J. Scott</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1023
      Business Park Drive</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Traverse
      City, MI&#160;49686</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">124,240</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director,
      CFO</font></div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">0.70%</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Carroll
      Smith&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3103
      9th Avenue Drive</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Hickory,
      NC&#160;28601</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4,000,000
      (2)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director,
      &gt; 10% shareholder</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">22.52
      %</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">David
      M Otto</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">601
      Union Street, Suite 4500</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Seattle,
      WA&#160;98101</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5,033,334
      (3)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&gt;10%
      shareholder</font></div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">28.18%</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Richard
      R. Girouard</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1023
      Business Park Drive</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Traverse
      City, MI&#160;49686</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,000,000</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director,
      &gt;10% shareholder</font></div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">16.80%</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Roger
      F. Larreur</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1023
      Business Park Drive</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Traverse
      City, MI 49686</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">-0-</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">-0-</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-RIGHT: black 1px solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">All
      officers and directors as a group (3 persons)</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1pt solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">12,641,477</font></div>
            </td>
            <td align="right" valign="top" width="9%" style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">70.78%&#160;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Assumes
      full conversion of Mr. Humphrey&#8217;s 5,500,000 shares of Series A Preferred
      Stock of the Company, convertible to common stock on a one-for-one (1:1)
      basis.&#160;&#160;While Mr. Humphrey has the right to convert to common
      stock within the 60 days, the Company believes it unlikely that he will
      elect to convert.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Assumes
      full conversion of Mr. Smith&#8217;s 1,500,000 shares of Series A Preferred
      Stock and 2,500,000 shares of Series B Preferred Stock of the Company,
      both Series of which are convertible to common stock on a one-for-one
      (1:1) basis.&#160;&#160;While Mr. Smith has the right to convert either or
      both Series to common stock within the 60 days, the Company believes it
      unlikely that he will elect to
convert.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Assumes
      full conversion of Mr. Otto&#8217;s 3,500,000 shares of Series A Preferred Stock
      of the Company, convertible to common stock on a one-for-one (1:1)
      basis.&#160;&#160;While Mr. Otto has the right to convert to common stock
      within the 60 days, the Company believes it unlikely that he will elect to
      convert.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(4)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Total
      percentage held assumes full conversion of outstanding Series A Preferred
      and Series B Preferred.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DIRECTORS
AND EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Neither
the Company, its property, or any of its directors or officers is a party to any
pending legal proceeding, nor have they been subject to a bankruptcy petition
filed against them.&#160;&#160;None of its officers or directors has been
convicted in, nor is subject to, any criminal proceeding.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
directors and officers as of November 16, 2007 are set forth below.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">NAME</font></div>
            </td>
            <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">AGE</font></div>
            </td>
            <td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">POSITIONS</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="24%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Calvin
      Humphrey</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">60</font></div>
            </td>
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            <td align="left" valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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          </tr>
          <tr>
            <td align="left" valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="24%">

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            <td valign="top" width="14%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">53</font></font></td>
            <td align="left" valign="top" width="34%">

              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>&#160;</td>
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          <tr>
            <td align="left" valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
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            </td>
            <td align="left" valign="top" width="34%">
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="24%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Carroll
      Smith</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">74</font></div>
            </td>
            <td align="left" valign="top" width="34%">
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            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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a Director since August 14, 2006 and became the Company&#8217;s Chief Executive
Officer on September 27, 2006. Mr. Humphrey&#8217;s has held responsible executive
positions in public and private aviation companies in a 37 year career. Mr.
Humphrey has held executive positions with BAE Systems, Embraer Aircraft and
Fairchild Aircraft in addition to having served as President and Chief Executive
Officer of regional air carriers Northcoast Executive Airlines and Jetstream
International Airlines. Most recently, Mr. Humphrey has operated as a wholesale
and retail distributor of aircraft parts and accessories from privately owned
businesses in San Antonio, Texas.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Robert J. Scott</font> has served as
a Director and Chief Financial Officer since January 15, 2003. At various times
since 2003, Mr. Scott has also filled the positions of President and Chief
Executive Officer most recently serving as the Chief Executive Officer during
the period of March 9, 2006 through August 3, 2006. From January 15, 2003 to
July 15, 2004, Mr.&#160;Scott was our sole director. From May 2002 until January
2003, Mr.&#160;Scott was the Secretary and Treasurer of Renegade Venture
Corporation (now known as Global Aircraft Solutions, Inc (OTCBB:GACF). He was
responsible for all financial and accounting aspects of such
business.&#160;&#160;From May 2002 until January 2003, Mr.&#160;Scott was Chief
Financial officer of Hamilton Aerospace Technologies, Inc. (a wholly owned
subsidiary of Renegade Venture Corporation now known as Global Aircraft
Solutions, Inc). He was responsible for all financial and accounting aspects of
such business.&#160;&#160;Mr.&#160;Scott has operated a consulting firm since
1990 specializing in tax, accounting, financial and management
consulting.&#160;&#160;In 1971, Mr.&#160;Scott received his Bachelor of Science
degree in Business Administration from Michigan Technological
University.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Richard R. Girouard</font> was
appointed to the Board on November 16, 2007.&#160;&#160;He is the President and
CEO Girouard Associates, Inc., located in New Canaan,
Connecticut.&#160;&#160;Mr. Girouard has over 30 Years experience as a Custom
Home Builder of Luxury Single Family and Multi Family Residential properties
throughout the Farmington Valley, Greater Hartford area, New London, Lower
Fairfield Counties of Connecticut, Anguilla, BWI and Vieques, PR.&#160;&#160;He
has has won numerous industry awards for his Custom Homes and Residential
Developments.&#160;&#160;Additionally, Mr. Girouard has over 20 years experience
as a Commercial Property Developer in Hartford, Stonington, North Stonington,
Greenwich, Darien and Manchester, Connecticut as well as Watch Hill, Rhode
Island and Davies, Florida.&#160;&#160;Mr. Girouard is a founder of USA Bank in
Westchester County, New York.&#160;&#160;Additionally, he is a founder,
shareholder, and member of the board of the directors of DiscoveryTel, a
significant provider of communications services and equipment located in
Hartford, Connecticut and Reston, Virginia.&#160;&#160;DiscoveryTel provides
these services throughout Africa and the Middle East.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Roger Larreur</font> is Director of
Sales &amp; Marketing for Canada and the Eastern United States for Swissport,
USA, Inc. Swissport International, Ltd. is the leading service provider in the
global ground and cargo handling business. Previous to this, Mr. Larreur has
held management and executive positions with American Trans Air, Maxmar Aviation
Consulting, Paradise Airlines d/b/a Continental Connection, Gulfstream
International Airlines d/b/a Continental &amp; United Connection, Alitalia
Airlines, Pan Am Express Airways, and Braniff Airlines.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Mr. Carroll G.
Smith.&#160;&#160;</font>Mr. Smith is currently the President of Profile
Aviation Center, Inc. and Profile Aviation Services, Inc. and has over 40 years
in management of aircraft maintenance, flight departments and air transport
along with over 20,000 flight hours in various aircrafts.&#160;&#160;Mr. Smith
has held the position of chief pilot and director of flight operations for
numerous companies.&#160;&#160;Furthermore, he has years of both hands-on and
management-related mechanic and maintenance experience on a wide variety of
aircrafts.&#160;&#160;Mr. Smith is also a member of the board of Directors of
River Hawk Aviation, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_risk_factors">SELLING SHAREHOLDERS</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
prospectus covers the offering of shares of common stock by selling
shareholders.&#160;&#160;This is an offering of 1,000,000 shares of our common
stock.&#160;&#160;We will not receive any proceeds from the sale of the shares
by the selling shareholders.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="top" width="15%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Name</font></font></div>
            </td>
            <td valign="top" width="18%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Position</font></div>
            </td>
            <td valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
      Owned</font></div>
            </td>
            <td valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
      Offered</font></div>
            </td>
            <td valign="top" width="13%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Total
      Owned After Offer</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Richard
      Girouard</font></div>
            </td>
            <td align="left" valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&gt;
      10% Shareholder</font></div>
            </td>
            <td align="left" valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,000,000</font></div>
            </td>
            <td align="left" valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,500,000</font></div>
            </td>
            <td align="left" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,500,000</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">David
      M. Otto</font></div>
            </td>
            <td align="left" valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Legal
      Counsel,</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&gt;
      10% Shareholder</font></div>
            </td>
            <td align="left" valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,533,334
      (1)</font></div>
            </td>
            <td align="left" valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,500,000</font></div>
            </td>
            <td align="left" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,500,000</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 45pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Otto owns 3,500,000 shares of Series A Preferred Stock of the Company,
      convertible to common stock on a one-for-one (1:1)
  basis.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
SEC&#8217;S POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
bylaws provide that directors and officers shall be indemnified by us to the
fullest extent authorized by the Nevada Revised Statutes Section 78.7502,
against all expenses and liabilities reasonably incurred in connection with
services for us or on our behalf. The bylaws also authorize the board of
directors to indemnify any other person who we have the power to indemnify under
Nevada law, and indemnification for such a person may be greater or different
from that provided in the bylaws.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To the
extent that indemnification for liabilities arising under the Securities Act may
be permitted for our directors, officers and controlling persons, we have been
advised that in the opinion of the SEC such indemnification is against public
policy as expressed in the Securities Act and is, therefore,
unenforceable.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DESCRIPTION
OF CAPITAL STOCK</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
common stock of River Hawk is registered pursuant to Section 12 of the Exchange
Act, and therefore, the description of common stock is omitted.&#160;&#160;See
&#8220;Description of Securities&#8221; in the Company&#8217;s Registration Statement on Form
10-SB, filed with the Commission on August 31, 1999, 1999 (File No.
27193).</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company is authorized to authorized to issue 500,000,000 share of $0.001 par
value common stock.&#160;&#160;Currently 4,789,731 shares are issued and
outstanding.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company is authorized to issue 25,000,000 shares of blank check preferred
stock.&#160;&#160;Currently, the Company has designated 12,000,000 shares of
Series A Preferred Stock and 6,000,000 shares Series B Preferred
Stock.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Series A Preferred Stock provides the holder with 10 votes per share on any
matter properly put forth to the shareholders of the Company and with certain
liquidation preferences.&#160;&#160;It is convertible at the holder&#8217;s election
into common stock of the Company, at a ratio of 1:1.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -4.5pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Series B Preferred provides the holder with an 8% annual coupon and with the
option to either (a) elect to convert the Series B Preferred shares into common
stock of the Company at a ratio of 1:1, on an all or nothing basis, or (b) to
put the Series B Preferred shares to the Company or the Company&#8217;s designee at a
purchase price of One dollar ($1.00) per share (the &#8220;Conversion
Price&#8221;).&#160;&#160;Additionally, the Series B Preferred certificate of
designation provides the Company with the option to, at any time, repurchase the
Series B Preferred shares from the holder at the Conversion Price, unless the
holder elects at such time to convert the shares into common stock of the
Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -4.5pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Currently,
10,500,000 shares of Series A Preferred stock and 2,500,000 shares of Series B
Preferred stock are issued and outstanding.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">USE
OF PROCEEDS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">River
Hawk will not receive any proceeds.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="fis_selling_shareholders"><br></a></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_distribution_plan">PLAN OF DISTRIBUTION</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
shares of our common stock offered by this prospectus may be sold from time to
time directly by the selling security holders. Alternatively, the selling
security holder may from time to time offer such shares through underwriters,
brokers, dealers, agents or other intermediaries. The selling security holders
as of the date of this prospectus have advised us that there were no
underwriting or distribution arrangements entered into with respect to the
common stock offered hereby.&#160;&#160;The distribution of the common stock by
the selling security holders may be effected: in one or more transactions that
may take place on the Over the Counter (including one or more block
transactions) through customary brokerage channels, either through brokers
acting as agents for the selling security holders, or through market makers,
dealers or underwriters acting as principals who may resell these shares on the
Over the Counter; in privately-negotiated sales; by a combination of such
methods; or by other means. These transactions may be effected at market prices
prevailing at the time of sale, at prices related to such prevailing market
prices or at other negotiated prices. Usual and customary or specifically
negotiated brokerage fees or commissions may be paid by the selling security
holders in connection with sales of our common stock.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
selling security holders may enter into hedging transactions with broker-dealers
in connection with distributions of the shares or otherwise. In such
transactions, broker-dealers may engage in short sales of the shares of our
common stock in the course of hedging the positions they assume with the selling
security holders. The selling security holders also may sell shares short and
redeliver the shares to close out such short positions. The selling security
holders may enter into option or other transactions with broker-dealers which
require the delivery to the broker-dealer of shares of our common stock. The
broker-dealer may then resell or otherwise transfer such shares of common stock
pursuant to this prospectus.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
selling security holders also may lend or pledge shares of our common stock to a
broker-dealer. The broker-dealer may sell the shares of common stock so lent, or
upon a default the broker-dealer may sell the pledged shares of common stock
pursuant to this prospectus. Any securities covered by this prospectus which
qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather than
pursuant to this prospectus. The selling security holders have advised us that
they have not entered into any agreements, understandings or arrangements with
any underwriters or broker-dealers regarding the sale of their securities. There
is no underwriter or coordinating broker acting in connection with the proposed
sale of shares of common stock for the selling security holders.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Although
the shares of common stock covered by this prospectus are not currently being
underwritten, the selling security holders or their underwriters, brokers,
dealers or other agents or other intermediaries, if any, that may participate
with the selling security holders in any offering or distribution of common
stock may be deemed &#8220;underwriters&#8221; within the meaning of the Securities Act and
any profits realized or commissions received by them may be deemed underwriting
compensation thereunder.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
applicable rules and regulations under the Exchange Act, any person engaged in a
distribution of shares of the common stock offered hereby may not simultaneously
engage in market making activities with respect to the common stock for a period
of up to five days preceding such distribution. The selling security holders
will be subject to the applicable provisions of the Exchange Act and the rules
and regulations promulgated thereunder, including without limitation Regulation
M, which provisions may limit the timing of purchases and sales by the selling
security holders.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to comply with certain state securities or blue sky laws and regulations, if
applicable, the common stock offered hereby will be sold in such jurisdictions
only through registered or licensed brokers or dealers. In certain states, the
common stock may not be sold unless they are registered or qualified for sale in
such state, or unless an exemption from registration or qualification is
available and is obtained.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We will
bear all costs, expenses and fees in connection with the registration of the
common stock offered hereby. However, the selling security holders will bear any
brokerage or underwriting commissions and similar selling expenses, if any,
attributable to the sale of the shares of common stock offered pursuant to this
prospectus.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There can
be no assurance that the selling security holders will sell any or all of the
securities offered by them hereby.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_legal_matters">LEGAL MATTERS</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
legality of the common stock to be offered hereby has been passed upon by The
Otto Law Group, PLLC, Seattle, Washington.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="fis_experts"><br></a></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AVAILABLE
INFORMATION</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We file
annual, quarterly and current reports and other information with the Commission.
You may read and copy, upon payment of a fee set by the Commission, any
documents that we file with the Commission as its public reference room at 100 F
Street, NE., Washington, D.C. 20549.&#160;&#160;You may also call the Commission
at 1-800-432-0330 for more information on the public reference
rooms.&#160;&#160;Our filings are also available to the public on the Internet
through the Commission&#8217;s EDGAR database. You may access the EDGAR database at
the Commission&#8217;s website at www.sec.gov.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
prospectus is part of a registration statement on Form S-8 that we have filed
with the Commission to register the common stock offered hereby under the
Securities Act.&#160;&#160;As permitted by Commission rules, this prospectus
does not contain all of the information contained in the registration statement
and accompanying exhibits and schedules that we file with the
Commission.&#160;&#160;You may refer to the registration statement, the exhibits
and schedules for more information about our common stock and us.&#160;&#160;The
registration statement, exhibits and schedules are available at the Commission&#8217;s
public reference rooms or through its EDGAR database on the
Internet.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
should rely only on the information contained in this prospectus or any
supplement to this prospectus. We have not authorized anyone to provide you with
different information.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
common stock is quoted Over the Counter&#160;&#160;under the symbol
&#8220;RHWI.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
      </div><br>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="40%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NO
      PERSON HAS BEEN AUTHORIZED TO GIVE</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ANY
      INFORMATION OR TO MAKE ANY REPRESENTATIONS, OTHER THAN THOSE</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CONTAINED
      IN THIS PROSPECTUS, IN</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CONNECTION
      WITH THE OFFERING MADE</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">HEREBY,
      AND, IF GIVEN OR MADE, SUCH</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INFORMATION
      OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AUTHORIZED
      BY THE COMPANY OR ANY OTHER PERSON.&#160;&#160;NEITHER THE DELIVERY OF
      THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER SHALL UNDER ANY CIRCUMSTANCES
      CREATE ANY IMPLICATION THAT THERE HAS BEEN NO</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CHANGE
      IN THE AFFAIRS OF THE COMPANY</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SINCE
      THE DATE HEREOF.&#160;&#160;THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER
      TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OFFERED HEREBY
      BYANYONE IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS
      NOTAUTHORIZED OR IN WHICH THE PERSON</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MAKING
      SUCH OFFER OR SOLICITATION IS</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOT
      QUALIFIED TO DO SO OR TO ANY</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PERSON
      TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.</font></div>
              </td>
              <td valign="top" width="40%" style="BORDER-TOP: #000000 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000,000&#160;&#160;SHARES</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RIVER
      HAWK AVIATION, INC.</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMMON
      STOCK</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_______________________</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROSPECTUS</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_______________________</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March
      12, 2008</font></div>
              </td>
            </tr>
        </table>
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="40%" style="BORDER-TOP: #000000 0.5pt solid; PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Table
      of Contents</font></div>
              </td>
              <td valign="top" width="40%" style="BORDER-TOP: #000000 0.5pt solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
            <tr>
              <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">PROSPECTUS
      SUMMARY</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">DOCUMENTS
      INCORPORATED BY REFERENCE</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">FORWARD
      LOOKING STATEMENTS</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">RISK
      FACTORS</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">THE
      COMPANY</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">6</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">SELLING
      SHAREHOLDERS</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">7</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">DESCRIPTION
      OF CAPITAL STOCK</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">8</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">USE
      OF PROCEEDS</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">9</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">PLAN
      OF DISTRIBUTION</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">LEGAL
      MATTERS</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">11</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">AVAILABLE
      INFORMATION</font></div>
              </td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">12</font></div>
              </td>
            </tr>
        </table>
      </div><br>&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PART
II</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM 3.
INCORPORATION OF DOCUMENTS BY REFERENCE</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following documents, which have been filed with the Securities and Exchange
Commission (the "Commission") by the Registrant are incorporated by reference in
this registration statement:&#160;&#160;(i) the Company's Annual Report on Form
10-KSB, as amended, for the fiscal year ended&#160;&#160;December
31,&#160;&#160;2006,&#160;&#160;(ii) the&#160;&#160;Company's Quarterly Report
on Form 10-QSB&#160;&#160;for the periods ended September 30, 2007, June 30,
2007 and March 31, 2007 (iii)
the&#160;&#160;Company's&#160;&#160;periodic&#160;&#160;reports on Form
8-K&#160;&#160;filed November 21, 2007, August 30, 2007, August 28, 2007, August
14, 2007, May 25, 2007, May 16, 2007, April 3, 2007, January 29, 2007 and
January 12, 2007 (iv) the Company's&#160;&#160;Form
10-SB&#160;&#160;registration&#160;&#160;statement, as amended,&#160;&#160;filed
August 31, 1999. All documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
shall be deemed to be incorporated by reference in this registration statement
and to be part hereof from the date of the filing of such documents<font style="DISPLAY: inline; FONT-STYLE: italic; TEXT-DECORATION: underline">.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
5.&#160;&#160;INTERESTS OF NAMED EXPERTS AND COUNSEL</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David M.
Otto of The Otto Law Group, PLLC, which has prepared this Registration Statement
and the opinion regarding the authorization, issuance and status of the
securities, as fully-paid and non-assessable, covered by this Registration
Statement, has represented the Registrant in the past on certain legal matters,
and is the recipient and beneficial owner of 1,000,000 shares of common stock of
the Company registered hereunder.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM 6.
INDEMNIFICATION OF DIRECTORS AND OFFICERS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
78.751 of the Nevada General Corporation Law generally allows the Registrant to
indemnify any person who was or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding by reason of the
fact that he or she is or was a director, officer, employee or agent of the
Registrant or is or was serving at the request of the Registrant as a director,
officer, employee or agent of any corporation, partnership, joint venture, trust
or other enterprise.&#160;&#160;The Registrant may advance expenses in
connection with defending any such proceeding, provided the indemnitee
undertakes to pay any such amounts if it is later determined that such person
was not entitled to be indemnified by the Registrant.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM 8.
EXHIBITS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Exhibits required to be filed as part of this Registration Statement are listed
in the attached Index to Exhibits and incorporated herein by this
reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM 9.
UNDERTAKINGS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a) The
undersigned Registrant hereby undertakes:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1) To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i) To
include any prospectus required by Section 10(a)(3) of the Securities
Act;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii) To
reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high and of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the change in volume
and price represents no more than 20% change in the maximum aggregate offering
price set forth in the
"Calculation&#160;&#160;of&#160;&#160;Registration&#160;&#160;Fee" table in the
effective registration statement;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)&#160;&#160;To&#160;&#160;include&#160;&#160;any&#160;&#160;material&#160;&#160;information&#160;&#160;with&#160;&#160;respect&#160;&#160;to&#160;&#160;the&#160;&#160;plan&#160;&#160;of
distribution&#160;&#160;not&#160;&#160;previously&#160;&#160;disclosed&#160;&#160;in
the&#160;&#160;registration&#160;&#160;statement or any material change to such
information in the registration statement;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 45.8pt"></font>provided,&#160;&#160;however, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information&#160;&#160;required&#160;&#160;to be&#160;&#160;included in
a&#160;&#160;post-effective&#160;&#160;amendment&#160;&#160;by those
paragraphs&#160;&#160;is&#160;&#160;contained&#160;&#160;in
periodic&#160;&#160;reports&#160;&#160;filed with or&#160;&#160;furnished to the
Commission&#160;&#160;by
the&#160;&#160;Registrant&#160;&#160;pursuant&#160;&#160;to Section 13 or
Section&#160;&#160;15(d) of the Exchange Act that are incorporated by reference
in this registration statement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2) That
for the purpose of determining any liability under the Securities Act, each
such&#160;&#160;post-effective&#160;&#160;amendment&#160;&#160;shall
be&#160;&#160;deemed to be a new&#160;&#160;registration statement relating to
the securities&#160;&#160;offered therein,&#160;&#160;and the offering of such
securities&#160;&#160;at that time shall be deemed to be
the&#160;&#160;initial&#160;&#160;bona fide&#160;&#160;offering
thereof.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3) To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;&#160;The&#160;&#160;undersigned&#160;&#160;&#160;Registrant&#160;&#160;hereby&#160;&#160;undertakes&#160;&#160;that,&#160;&#160;for&#160;&#160;purposes&#160;&#160;of
determining&#160;&#160;any&#160;&#160;liability&#160;&#160;under&#160;&#160;the&#160;&#160;Securities&#160;&#160;Act,&#160;&#160;each&#160;&#160;filing&#160;&#160;of&#160;&#160;the
Registrant's&#160;&#160;annual&#160;&#160;report&#160;&#160;pursuant to
Section&#160;&#160;13(a) or Section 15(d) of the Exchange Act, (and, where
applicable,&#160;&#160;each filing of an employee benefit plan's
annual&#160;&#160;report&#160;&#160;&#160;pursuant&#160;&#160;to&#160;&#160;section&#160;&#160;15(d)&#160;&#160;of&#160;&#160;the&#160;&#160;Exchange&#160;&#160;Act)&#160;&#160;that&#160;&#160;is
incorporated by reference in the registration&#160;&#160;statement shall be
deemed to be a new registration&#160;&#160;statement relating to the securities
offered therein,&#160;&#160;and the offering of such&#160;&#160;securities at
that time shall be deemed to be the initial bona fide offering
thereof.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)
Insofar as indemnification for liabilities arising under the Securities Act
may&#160;&#160;be&#160;&#160;permitted&#160;&#160;to&#160;&#160;directors,&#160;&#160;officers&#160;&#160;and&#160;&#160;controlling&#160;&#160;persons&#160;&#160;of&#160;&#160;the
Registrant pursuant to the foregoing&#160;&#160;provisions,&#160;&#160;or
otherwise,&#160;&#160;the Registrant has been advised that in the opinion of the
Securities&#160;&#160;and Exchange&#160;&#160;Commission such indemnification is
against public policy as expressed in the Securities Act and is,
therefore,&#160;&#160;unenforceable. In the event that a claim for
indemnification against such&#160;&#160;liabilities&#160;&#160;(other than the
payment by the Registrant of expenses incurred or paid by a
director,&#160;&#160;officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director,&#160;&#160;officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of its
counsel the matter has been&#160;&#160;settled
by&#160;&#160;controlling&#160;&#160;precedent,&#160;&#160;submit to a court
of&#160;&#160;appropriate
jurisdiction&#160;&#160;the&#160;&#160;question&#160;&#160;of
whether&#160;&#160;such&#160;&#160;indemnification&#160;&#160;by it is against
public&#160;&#160;policy&#160;&#160;as&#160;&#160;expressed&#160;&#160;in the
Act&#160;&#160;and&#160;&#160;will be&#160;&#160;governed&#160;&#160;by
the&#160;&#160;final adjudication of such issue.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has&#160;&#160;reasonable&#160;&#160;grounds to believe&#160;&#160;that it
meets all of the requirements&#160;&#160;for&#160;&#160;filing&#160;&#160;on
Form S-8 and
has&#160;&#160;duly&#160;&#160;caused&#160;&#160;this&#160;&#160;registration
statement&#160;&#160;to be&#160;&#160;signed&#160;&#160;on
its&#160;&#160;behalf&#160;&#160;by&#160;&#160;the&#160;&#160;undersigned,&#160;&#160;thereunto&#160;&#160;duly
authorized, at 954 Business Park Drive, Traverse City, MI, on this 12<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font> day of
March 2008.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RIVER
HAWK AVIATION, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;(Name
of Registrant)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;Date:
March 12, 2008</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;By: /s/
Robert J Scott</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;----------------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Name: Robert
J Scott</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;Its:
Chief Financial Officer</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Act of 1933, as amended, this
registration&#160;&#160;statement&#160;&#160;has been signed by
the&#160;&#160;following&#160;&#160;persons in the capacities and on the date
indicated.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;SIGNATURE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;TITLE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;DATE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;---------&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-----&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;----</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;/s/
Robert J. Scott&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chief Financial
Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;01/12/08</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;By:
Robert J. Scott</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 252pt"></font>RIVER HAWK AVIATION, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;(Company)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/_</font>_<font style="DISPLAY: inline; TEXT-DECORATION: underline">_ Robert J Scott
_________</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:
Robert J Scott</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Its:
Chief Financial Officer</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
March 12, 2008</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;INDEX
TO EXHIBITS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="middle" width="16%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 24.25pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">EXHIBIT
      NUMBER</font></div>
            </td>
            <td align="left" valign="middle" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 30.1pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">DESCRIPTION</font></div>
            </td>
            <td align="left" valign="middle" width="22%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 45pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">LOCATION</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="16%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 12.6pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5</font></div>
            </td>
            <td align="left" valign="middle" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 16.6pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Opinion
      of the Law Offices of The Otto Law Group, PLLC</font></div>
            </td>
            <td align="left" valign="middle" width="22%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 72pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
      herewith.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="16%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 12.6pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.1</font></div>
            </td>
            <td align="left" valign="middle" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 3.6pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
      of The Otto Law Group, PLLC</font></div>
            </td>
            <td align="left" valign="middle" width="22%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 27pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(contained
      in exhibit 5)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="16%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 12.6pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.2</font></div>
            </td>
            <td align="left" valign="middle" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 3.6pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
      of Kempisty &amp; Company Certified Public Accountants,
    P.C.</font></div>
            </td>
            <td align="left" valign="middle" width="22%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 72pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
      herewith.</font></div>
            </td>
          </tr>
      </table>
    </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">15</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
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[{"type": "S-8", "sequence": "1", "filename": "forms-8.htm", "description": "FORM S-8", "secsgml_size_bytes": 238637}]
{"company-data": {"conformed-name": "RIVER HAWK AVIATION INC", "cik": "0001088734", "assigned-sic": "4512", "irs-number": "223537927", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-149701", "film-number": "08686554"}, "business-address": {"street1": "954 BUSINESS PARK DRIVE", "city": "TRAVERSE CITY", "state": "MI", "zip": "49686", "phone": "2319464343"}, "mail-address": {"street1": "954 BUSINESS PARK DRIVE", "city": "TRAVERSE CITY", "state": "MI", "zip": "49686"}, "former-company": [{"former-conformed-name": "VIVA INTERNATIONAL INC", "date-changed": "20030819"}, {"former-conformed-name": "AUXER GROUP INC", "date-changed": "19990820"}]}
forms-8.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C. 20549
FORM
S-8
REGISTRATION
STATEMENT
Under
THE
SECURITIES ACT OF 1933
River
Hawk Aviation, Inc.
(Exact
name of Registrant as specified in charter)
Nevada
000-30440
22-3537927
(State
      or other jurisdiction of incorporation)
(Commission
      File Number)
(I.R.S.
      Employer Identification)
954
      Business Park Drive, Traverse City, MI
49686
(Address
      of principal executive offices)
(Zip
      Code)
Registrant's
telephone number, including area code: (231) 946-4343
PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND RICHARD
GIROUARD
-------------------------------------
(Full
Title of the Plan)
PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND STEVEN R.
PEACOCK
-------------------------------------
(Full
Title of the Plan)
PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND STEVE
CAREAGA
-------------------------------------
(Full
Title of the Plan)
ENGAGEMENT
AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND
DAVID
OTTO
-------------------------------------
(Full
Title of the Plan)
Incorp
Services, Inc
3155 East
Patrick Lane, Suite 1
Las
Vegas, NV 89120
---------------------------------------
(Name and
address of agent for service)
(702)
866-2500
-------------------------------------------------------------
(Telephone
number, including area code, of agent for service)
---------------------------------------------------------------------------------
1
CALCULATION
OF REGISTRATION FEE
Title
      of Securities to be Registered
Amount
      to be Registered (1)
Proposed
      Offering Price Per Share (2)
Maximum
      Aggregate Offering Price (2)
Proposed
      Maximum Amount of Fee
Common
      Stock, $0.001 par value
3,030,000
$1.50
$4,545,000
$178.62
b
(1) The
Professional Services Agreement between the River Hawk Aviation, Inc. (the
"Company") and Richard Girouard for 1,500,000 shares of common stock of the
Company to be issued to Richard Girouard.  Richard Girouard is
receiving the common stock of the Company pursuant to Professional Services
Agreement, the general nature and purpose of which is to provide strategic and
financial management services and guarantees and, at the same time, compensate
Mr. Girouard for these services.  The Professional Services Agreement
does not provide for a specific term, but remains in effect until terminated by
either party.  The Professional Services Agreement qualifies as an
Employee Benefit Plan as defined under Rule 405 of Regulation C.
(1) The
Professional Services Agreement between the River Hawk Aviation, Inc. (the
"Company") and Steven Peacock for 10,000 shares of common stock of the Company
to be issued to Steven Peacock.  Steven Peacock is receiving the
common stock of the Company pursuant to Professional Services Agreement, the
general nature and purpose of which is to provide strategic and financial
management services and guarantees and, at the same time, compensate Mr. Peacock
for these services.  The Professional Services Agreement does not
provide for a specific term, but remains in effect until terminated by either
party.  The Professional Services Agreement qualifies as an Employee
Benefit Plan as defined under Rule 405 of Regulation C.
(1) The
Professional Services Agreement between the River Hawk Aviation, Inc. (the
"Company") and Steve Careaga for 20,000 shares of common stock of the Company to
be issued to Steve Careaga.  Steven Peacock is receiving the common
stock of the Company pursuant to Professional Services Agreement, the general
nature and purpose of which is to provide strategic and financial management
services and guarantees and, at the same time, compensate Mr. Careaga for these
services.  The Professional Services Agreement does not provide for a
specific term, but remains in effect until terminated by either
party.  The Professional Services Agreement qualifies as an Employee
Benefit Plan as defined under Rule 405 of Regulation C.
(1) The
engagement agreement (the "Engagement Agreement") between David Otto of The Otto
Law Group, PLLC ("OLG") and the Company, Inc. provides for, in addition to legal
services rendered to the Company on a periodic basis, strategic and financial
management services and guarantees.  The Company has chosen to
compensate OLG for legal services rendered, in part, by issuing 1,500,000 shares
of the Company's common stock to David M. Otto on this Form S-8 registration
statement.  The general nature and purpose of the Engagement Agreement
is to provide, in addition to legal services rendered to the Company on a
periodic basis, strategic and financial management services and guarantees and,
at the same time, compensate OLG for said legal services.  The
Engagement Agreement does not provide for a specific term, but remains in effect
until terminated by either party.  The Engagement Agreement qualifies
as an Employee Benefit Plan as defined under Rule 405 of Regulation
C.
(2)           Estimated  solely
for the  purposes
of  determining  the  registration fee pursuant to
Rule 457.  At the time of this filing, the average fair market value
of the Company's common stock, determined from average of the bid and ask price
Over the Counter, was $1.50 per share. On this basis, the maximum aggregate
offering price for the options to purchase shares being registered hereunder is
$4,545,000 and this is the basis for computing the filing fee in accordance with
Rule 457(h) and at a rate of the aggregate offering price multiplied by
..0000393.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ITEM
1.  PLAN INFORMATION*
ITEM
2.  REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL
INFORMATION*
________________________
* The
documents constituting Part I of this Registration Statement will be sent or
given to participants in the Plan as specified by Rule 428(b)(1) under the
Securities Act of 1933, as amended (the "Securities Act").  Such
documents are not filed with the Securities and Exchange Commission (the
"Commission") either as part of this Registration Statement or as prospectuses
or prospectus supplements pursuant to the note to Part I of Form
S-8.  These documents and the documents incorporated by reference in
this Registration Statement pursuant to Item 3 of Part II of this Registration
Statement, taken together, constitute the prospectus that meets the requirements
of Section 10(a) of the Securities Act.  Upon written or oral request,
the Company will provide, without charge, the documents incorporated by
reference in Item 3 of Part II of this Registration Statement.  The
documents are incorporated by reference in the Section 10(a)
prospectus.  The Company will also provide, without charge, upon
written or oral request, other documents required to be delivered to employees
pursuant to Rule 428(b).  Requests for the above-mentioned information
should be directed to the Company at the address and telephone number on the
cover of this Registration Statement.
EXPLANATORY
NOTE
This
Registration Statement includes a reoffer prospectus (the "Reoffer Prospectus")
prepared in accordance with General Instruction C of Form S-8 and in accordance
with the requirements of Part I of Form S-3.  This Reoffer Prospectus
may be used for reoffers or resales, on a continuous or delayed basis, of an
aggregate of 3,000,000 shares of common stock.
REOFFER
PROSPECTUS
This
document constitutes part of a prospectus covering
securities that have been registered
under the Securities Act of 1933
.
3,000,000
Shares
RIVER
HAWK AVIATION, INC.
Common
Stock
(par
value $0.001 per share)
_________________________________________________________________________________
PROFESSIONAL
SERVICES AGREEMENT BETWEEN RIVER HAWK AVIATION, INC., AND
RICHARD
GIROUARD
and
the
ENGAGEMENT AGREEMENT
BETWEEN RIVER HAWK AVIATION, INC., AND DAVID OTTO
_________________________________________________________________________________
The
common stock may be sold from time to time by the selling stockholder or by his
pledgees, donees, transferees or other successors in interest.  Such
sales may be made in the over-the-counter market or otherwise at prices and at
terms then prevailing or at prices related to the then current market price, or
in negotiated transactions.  The common stock may be sold by one or
more of the following: (i) block trades in which the broker or dealer so engaged
will attempt to sell the shares as agent but may position and resell portions of
the block as principal to facilitate the transaction; (ii) purchases by a broker
or dealer as principal and resale by such broker or dealer for its account
pursuant to this prospectus; (iii) an exchange distribution in accordance with
the rules of such exchange; and (iv) ordinary brokerage transactions and
transactions in which the broker solicits purchases.  In effecting
sales, brokers or dealers engaged by the selling stockholder may arrange for
other brokers or dealers to participate. Brokers or dealers will receive
commissions or discounts from selling stockholders in amounts to be negotiated
immediately prior to the sale.  Such brokers or dealers and any other
participating brokers or dealers may be deemed to be "underwriters" within the
meaning of the Securities Act of 1933, as amended (the "Act") in connection with
such sales.  In addition, any securities covered by this prospectus
which qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather
than pursuant to this prospectus.  We will not receive any of the
proceeds from the sale of these shares, although we have paid the expenses of
preparing this prospectus and the related registration statement.
On March
12, 2008, the last reported sale price for our common stock on the OTC Bulletin
Board was $3.52 per share.
See "Risk
Factors" beginning at page 6 for certain information which should be carefully
considered by prospective purchasers of the Shares offered hereby.
2
THE
SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED
OR
DISAPPROVED OF THESE SECURITIES, NOR HAS IT DETERMINED
IF THIS
PROSPECTUS IS TRUTHFUL AND COMPLETE. ANY
REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date
of this Prospectus is March 12, 2008
PROSPECTUS SUMMARY
The
following summary contains basic information about River Hawk Aviation, Inc.
("River Hawk" or the "Company") and this prospectus. It may not contain all of
the information that is important to you. For a more complete understanding, we
encourage you to read the entire prospectus and the documents incorporated by
reference into this prospectus. In this prospectus, the words "River Hawk,"
"Company," "we," "our" and "us" refer to River Hawk Aviation, Inc.
THIS
OFFERING
Common
      Stock outstanding before the offering
3,289,731
Common
      Stock outstanding after the offering
4,789,731
Use
      of Proceeds
The
      Company will not receive any proceeds.
Risk
      Factors
The
      purchase of our common stock involves a high degree of risk. You should
      carefully review and consider "Risk Factors" beginning on page
      7.
OTC
      Bulletin Board Trading Symbol
RHWI
DOCUMENTS
INCORPORATED BY REFERENCE
The
following documents filed with the Securities Exchange Commission (the
"Commission") pursuant to the Securities Exchange Act of 1934, as amended, (the
"Exchange Act") are incorporated herein by reference:
1. Annual
Report on Form 10-KSB for the fiscal year ended December 31, 2006.
2.
Quarterly Report on Form 10-QSB for the periods ended September 30, 2007, June
30, 2007, and March 31, 2007.
3.
Current Reports on Form 8-K filed on November 11, 2007, August 30, 2007, August
28, 2007, June 19, 2007, May 16, 2007, April 3, 2007 January 29, 2007 and
January 12, 2007.
4.  Registration
Statement on Form 10-SB, as filed with the Commission on August 31,
1999.
All
documents subsequently filed by River Hawk pursuant to Section 13(a), 13(c), 14
or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") prior to
the termination of this offering shall be deemed to be incorporated by reference
in this prospectus and to be a part of this prospectus from the date of filing
thereof.
Any
statement contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this prospectus to the
extent that a statement contained herein or in any other subsequently filed
document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute part of this prospectus.
We will
provide without charge to each person to whom this prospectus is delivered, upon
written or oral request of that person, a copy of all documents incorporated by
reference into the registration statement of which this prospectus is a part,
other than exhibits to those documents (unless such exhibits are specifically
incorporated by reference into such documents). Requests for such documents
should be directed to: Calvin Humphrey, President, 954 Business Park Drive,
Suite #4, Traverse City, MI 49686, (888)336-8482.
3
FORWARD
LOOKING STATEMENTS
Statements
and projections contained in this Prospectus that are not based on historical
fact, including but not limited to statements containing the words "believes,"
"anticipates," "intends," "expects" and words of similar import, as well as all
projections of future results, constitute "forward-looking
statements."  This Prospectus contains forward-looking statements and
projections concerning the Company's or management's plans, intentions,
strategies, expectations, predictions and financial projections concerning the
Company's future activities and results of operations and other future events or
conditions.
It is
important to note that the Company's actual results or activities or actual
events or conditions could differ materially from those projected by the Company
from such forward looking statements. The plans, strategies and intentions of
management may change based on increased experience with the Company's business
model as well as in response to competition, general economic trends, or
perceived opportunities, risks or other developments. Projections concerning the
Company's future results of operation and expansion plans are based on a number
of assumptions and estimates made by management concerning, among other things,
customer acceptance of and demand for the Company's services and products, the
timely availability of capital on acceptable terms, the Company's ability to
identify, attract and retain qualified support staff and personnel, research and
development costs and expenses and other future events and conditions. These
estimates and assumptions are believed by management to be reasonable, but are
dependent upon facts and conditions that are uncertain and unpredictable. To the
extent that actual events differ materially from management assumptions and
estimates, actual results will differ from those projected. See "Risk
Factors."
4
RISK
FACTORS
The
following information describes the various risks relating to both the Company's
operations and its common stock.  The below risks are deemed as being
material to a decision to invest in our Company.  The Company could also be
adversely affected by additional risks and uncertainties not presently known or
believed to be material.  The following risks should be considered
carefully, together with all of the other information included in this
prospectus, before an investor decides to purchase any shares of the Company's
common stock.
Risks
Related to the Operations of the Company:
The
Company's business is difficult to evaluate because we have a limited operating
history and an uncertain future.
While
Profile was established in, and has operated since, 1996, River Hawk, as an
aviation holding company, has a limited operating history upon which to evaluate
present business and future prospects.  We face risks and
uncertainties relating to our ability to implement our business plan
successfully.  Our operations are subject to all of the risks inherent
in the establishment of a new business enterprise generally.  The
likelihood of our success must be considered in light of the problems, expenses,
difficulties, complications and delays frequently encountered in connection with
the formation of a new business, the commencement of operations and the
competitive environment in which we operate.  If we are unsuccessfully
in addressing these risk, our business, results of operations, financial
condition and prospects will be materially harmed.
The
Company could be adversely affected by increases in fuel prices.
An
increase in fuel prices could discourage passengers from flying on private jets
and decrease revenue for the entire airline industry.  If fuel prices
substantially increase, it could affect the price to operate flights and
adversely affect revenue, having a material impact on achieving profitability
unless the Company's customers are able to absorb the price
increase.  The competitive nature of the aviation industry will affect
the Company's ability to pass on increased fuel prices by increasing
rates.  Currently, we do not anticipate a decrease of available fuel.
However, dependency on foreign imports of crude oil and the possibility of
changes in government policy on jet fuel production, transportation and
marketing make it difficult to predict future availability of jet
fuel.  If there are new outbreaks of war and other conflicts in oil
producing areas, this could also affect fuel availability.
The
segments of the aviation services industry in which the Company operates are
extremely competitive.
The
Company competes with national, regional and local charter management
operations, aircraft maintenance operations and fixed based
operators.  Most of our competitors have been in the business far
longer than we have and many may have greater financial resources available to
them.  Having greater financial resources will make it easier for
these competitors to absorb higher fuel prices and other increases in
expenses.  In addition, these competitors might seek acquisitions in
competition to us.  Accordingly, we can give no assurance that we will
be able to successfully compete in our industry.
The
Company's future success is largely dependent upon locating and acquiring FBO's
at strategic points across the country.
The
Company's business is based on the acquisition of FBOs and MBOs in strategic
locations across the country.  These acquisitions will be largely
dependent upon location and availability.  If the Company is
unsuccessful at finding available FBOs and MBOs to join the Company, operations
and revenue would suffer.  Furthermore, it will take significant
financial resources to acquire FBOs and MBOs.  If the Company, does
not have adequate financial resources the success of its business will be
adversely affected.
Compliance
with various regulations governing the airline industry can be costly, and we
could be harmed if the Company fails to comply with such
regulations.
Airlines
are subject to extensive regulatory and legal requirements that involve
significant compliance costs that can result in increased costs for passengers
and the airline.  The FAA, DOT and TSA periodically propose additional
laws, regulations, taxes and airport rates and charges.  Such measures
could have the effect of raising costs, reducing revenue or reducing demand for
air travel.  The Company expects to continue incurring expenses to comply
with existing and future regulations.  Moreover, if the Company fails to
comply with applicable regulations, it may be subject to criminal and civil
sanctions.
Future
terrorist attacks, other world events, general economic conditions and other
factors beyond the Company's control could substantially harm the
Company.
Concerns
about further terrorist attacks have had a negative impact on air travel
demand.  In addition, security procedures introduced at airports since the
attacks have increased the inconvenience of air travel, both in reality and in
customer perception, leading to further reduction in
demand.  Additional terrorist attacks, the fear of such attacks,
continued conflict in Iraq, Afghanistan and other countries could further affect
the airline industry and could cause general instability in financial
markets.
While we
believe that our lease management and FBO services are less vulnerable to
decrease in demand under these circumstances than commercial, scheduled
passenger services, because a substantial portion of air travel, including
business travel, is discretionary, the industry tends to experience adverse
financial results during economic downturns.  Any general decline in
passenger traffic may harm the Company's business.
The
Company may require additional financing to expand our businesses apart from the
use of financing to effect acquisitions.
It is
possible the Company may require additional financing during the fiscal year
ending December 31, 2008.  We can give no assurances as to obtaining
additional cash flow from operations, receiving additional financing or
attaining profitability.
Other
factors beyond the Company's control could substantially harm the
Company.
The
Company's operations are also subject to delays caused by factors beyond its
control, including air traffic congestion at airports, adverse weather
conditions and increased security measures.  Such delays frustrate
passengers, reduce aircraft utilization and increase costs, all of which may
affect profitability and harm the Company's financial condition and results of
operations.
If
the Company is unable to upgrade its aircraft and FBO procedures and equipment,
it could adversely affect the Company's results of operations.
The
airline industry is constantly developing new technologies and procedures for
aircrafts and FBO procedures and equipment.  If the Company cannot
afford to upgrade its equipment competitors with the newer technologies will
have an advantage in the marketplace.
The
Company's success is largely dependent upon key management and other
personnel.
The
Company's future success will be heavily dependent on the performance of our
executive officers and mangers, as well as retaining and training
employees.  Although we believe we will be able to hire and retain
qualified personnel, we can give no assurance that we will be successful in
obtaining, recruiting and retaining such personnel in sufficient numbers to
increase revenues, attain profitability or successfully implement our growth
strategy
Risks
related to the Company's Common Stock:
The
Company's common stock is subject to the penny stock rules.
The
Securities and Exchange Commission has adopted a set of rules called the penny
stock rules that regulate broker-dealers with respect to trading in securities
with a bid price of less than $5.00. These rules do not apply to securities
registered on certain national securities exchanges (including the Nasdaq
Stock Market) or authorized for quotation on an automated quotation system
sponsored by a registered pre-1990 securities association, provided that current
price and volume information regarding transactions in such securities is
provided by the exchange or system. The penny stock rules require a
broker-dealer to deliver to the customer a standardized risk disclosure document
prepared by the Commission that provides information about penny stocks and the
nature and level of risks in the penny stock market. The broker-dealer also must
provide the customer with other information. The penny stock rules require that,
prior to a transaction in a penny stock, the broker-dealer must determine in
writing that the penny stock is a suitable investment for the purchaser and
receive the purchaser's written agreement to the transaction. These disclosure
requirements may reduce the level of trading activity in the secondary market
for a stock that is subject to the penny stock rules. If a market ever does
develop for our common stock, as to which we can give no assurance, and it
should remain subject to the penny stock rules, holders of our common stock may
find it more difficult to sell their shares of our common stock.
The
Company does not anticipate paying dividends on our common stock in the
foreseeable future.
We intend
to retain future earnings, if any, to fund our operations and to expand our
business. Accordingly, we do not anticipate paying cash dividends on shares of
our common stock in the foreseeable future.
The
Company's board right to authorize additional shares of preferred stock could
adversely impact the rights of holders of our common stock.
Our board
of directors currently has the right, with respect to the 25,000,000 authorized
shares of blank check preferred stock, to authorize the issuance of one or more
series of our preferred stock with such voting, dividend and other rights as our
directors determine. Such action can be taken by our board without the approval
of the holders of our common stock. Accordingly, the holders of any new series
of preferred stock could be granted voting rights that reduce the voting power
of the holders of our common stock. For example, the preferred holders could be
granted the right to vote on a corporate reorganization or acquisition even if
the reorganization of acquisition would not have an adverse effect on their
rights. This right, if granted, would give them a veto with respect to any
reorganization. Or they could be granted 20 votes per share while voting as a
single class with the holders of the common stock, thereby diluting the voting
power of the holders of our common stock. In addition, the holders of any new
series of preferred stock could be given the option to be redeemed in cash in
the event of a reorganization or acquisition. This would make an acquisition of
our Company less attractive to a potential acquirer. Thus, our board could
authorize the issuance of shares of the new series of preferred stock in order
to defeat a proposal for the acquisition of our Company which a majority of our
then holders of our common stock otherwise favor.
Anti-takeover
effects of certain provisions of Nevada state law hinder anti-takeover effects
of certain a potential takeover of River Hawk
Though
not now, we may be or in the future we may become subject to Nevada's control
share law. A corporation is subject to Nevada's control share law if it has more
than 200 stockholders, at least 100 of who are stockholders of record and
residents of Nevada, and it does business in Nevada or through an affiliated
corporation.
The law
focuses on the acquisition of a "controlling interest" which means the ownership
of outstanding voting shares sufficient, but for the control share law, to
enable the acquiring person to exercise the following proportions of the voting
power of the corporation in the election of directors: (i) one-fifth or more but
less than one-third, (ii) one-third or more but less than a majority, or (iii) a
majority or more. The ability to exercise such voting power may be direct or
indirect, as well as individual or in association with others.
The
effect of the control share law is that the acquiring person, and those acting
in association with it, obtains only such voting rights in the control shares as
are conferred by a resolution of the stockholders of the corporation, approved
at a special or annual meeting of stockholders. The control share law
contemplates that voting rights will be considered only once by the other
stockholders. Thus, there is no authority to strip voting rights from the
control shares of an acquiring person once those rights have been approved. If
the stockholders do not grant voting rights to the control shares acquired by an
acquiring person, those shares do not become permanent non-voting shares. The
acquiring person is free to sell its shares to others. If the buyers of those
shares themselves do not acquire a controlling interest, their shares do not
become governed by the control share law.
If
control shares are accorded full voting rights and the acquiring person has
acquired control shares with a majority or more of the voting power, any
stockholder of record, other than an acquiring person, who has not voted in
favor of approval of voting rights is entitled to demand fair value for such
stockholder's shares.
Nevada's
control share law may have the effect of discouraging takeovers of the
corporation.
In
addition to the control share law, Nevada has a business combination law which
prohibits certain business combinations between Nevada corporations and
"interested stockholders" for three years after the "interested stockholder"
first becomes an "interested stockholder," unless the corporation's board of
directors approves the combination in advance. For purposes of Nevada law, an
"interested stockholder" is any person who is (i) the beneficial owner, directly
or indirectly, of ten percent or more of the voting power of the outstanding
voting shares of the corporation, or (ii) an affiliate or associate of the
corporation and at any time within the three previous years was the beneficial
owner, directly or indirectly, of ten percent or more of the voting power of the
then outstanding shares of the corporation. The definition of the term "business
combination" is sufficiently broad to cover virtually any kind of transaction
that would allow a potential acquiror to use the corporation's assets to finance
the acquisition or otherwise to benefit its own interests rather than the
interests of the corporation and its other stockholders.
The
effect of Nevada's business combination law is to potentially discourage parties
interested in taking control of River Hawk from doing so if it cannot obtain the
approval of our board of directors.
5
THE
COMPANY
Overview
River Hawk Aviation, Inc. ("
River Hawk
" or the "
Company
") a Nevada corporation
incorporated on March 14, 2005, is an aviation holding company focused on the
acquisition of Fixed Based Operations (FBOs) and Maintenance Based Operations
(MBOs) with the goal of establishing a national network of charter aircraft
services.  Headquartered in Traverse City, Michigan, River Hawk is a
public company trading under the symbol (OTC: RHWI).  In addition to
FBO, MBO and aircraft charter services, River Hawk sells aircraft and aircraft
shares, aviation products, technology and aviation related consulting services,
marketing and appraisals to the aviation community.
The Company owns the Hickory, North
Carolina based Profile Aviation Center, Inc. and Profile Services, Inc. ("
Profile
"), a full service FBO
and MBO aviation services company, and the Texas based River Hawk Aviation, Inc.
("
River Hawk-San
Antonio
"), a leading purchaser, refurbisher, installer and supplier of
aviation parts and services to niche commercial airline and charter companies,
fixed based maintenance FBOs, MBOs, government contractors, Original Equipment
Manufacturers ("OEMs") and to major repair facilities domestically and
internationally.  In October 2007 River Hawk-San Antonio recently
completed the relocation of its aviation parts inventory to the facilities of
Profile, at Hickory Regional Airport, consolidating its inventory within
Profiles  FBO and MBO  facilities.
The
Company's Expansion Plan
River
Hawk acquired Profile in August of 2007, marking its first acquisition of a full
service FBO and MBO charter-services company and providing a launching point in
River Hawk's business plan to develop a network of full service FBO and MBO
charter services companies throughout the United States.  Profile
provides high level maintenance, repair, refurbishment and hangar services as
part of its aircraft leases to individuals and corporate customers, providing
additional convenience and customer service value to its lessees and additional
revenue above that of its per hour aircraft usage fees and to refueling services
and ground services.  Profile both provides planes for charter
services and manages independently-owned charter aircraft.  Profile
primarily serves North Carolina, South Carolina, Georgia, and the surrounding
states.  Additionally, Profile operates an on-site pilot training
school where, in cooperation with Caldwell Community College of,
Hudson, North Carolina, students can be trained in aviation.
Management
expects that the recent acquisition of Profile will provide the added effect of
expanding River Hawk- aviation parts customer base while enabling River Hawk the
immediate ability to offer a full range of proven aircraft leasing and
management services.  Additionally, we expect that Profile's
maintenance expertise will strengthen River Hawk's aviation parts supply and
service credentials.  Furthermore, River Hawk envisions that Profile's
pilot training program is strategically situated to enhance River Hawk's ability
in supplying pilots for charter services and government contract
work.
Similarly,
Management expects that Profile's market growth strategies will benefit from
gaining a presence in River Hawk's current customer base, including purchasers
of aviations parts and equipment as well as purchasers and lessees of
aircraft.  Over the next five years, River Hawk intends to establish
full charter services and to replicate its acquisition of Profile to either
purchase and/or establish additional FBOs and charter facilities in the Mid
West, Central Northern, Atlantic, South West, California and Pacific North West
regions of the United States.  River Hawk's expansion strategy will
exploit synergies and efficient relocation of equipment and resources to take
full advantage of local knowledge and relationships of the FBO and charter
facilities that it intends to acquire.   Additionally, an
expanded network will enable River Hawk customers to plan flights throughout the
country and receive River Hawk services at each destination.  Finally,
River Hawk intends to focus its efforts upon obtaining strategic financing that
both provides expansion and reduces interest expense supports the Company's
bottom line, believing that favorable financing increases both profit and cash
to reinvest into additional assets/businesses.
River Hawk plans to acquire three
additional full service FBO and MBO charter-services companies during the next
12 months through a combination of equity and debt
financing.  Management is particularly focused on charter companies
generating between $15 million and $25 million in annual revenue, with an EBITDA
of approximately 15%.  River Hawk acquired Profile for approximately
4X EBITDA, and expects its next acquisitions will be valued at between 4X – 8X
EBITDA (between $12 million and $24 million).  Additionally, the
Company intends to raise between $5 million and $7.5 million to acquire 5
additional aircraft and to build additional hanger space at Hickory Regional
Airport in order to expand Profile's charter services.
The
Businesses of River Hawk
River
Hawk is an aviation products and services company with operations in the
aircraft lease and management, fixed base operations and maintenance segments of
the general aviation industry.  In addition to providing a full range
of fueling services, line services, ground transportation, hangar, and ramp
space at its current location in Hickory, North Carolina through its subsidiary,
Profile, River Hawk intends to develop and operate a national network of FBO
aviation facilities.  Full service capabilities and client
satisfaction will remain the strategic goal when considering expansion at a
potential location.
Services
available at each facility:
·
Refueling
      Services
·
Full
      Service maintenance team and parts
supply
·
Aircraft
      storage, hangar and ramp space
·
Pilot
      recruitment and placement
·
De-ice
      capabilities
·
Office
      and shop space
·
Crew
      internet access
·
Escorted
      ramp access
·
Arrangement
      of Ground transportation for guests and
crew
·
Pilot
      Training School (Affiliated with Caldwell Community
    College)
·
Planed
      Charter Services – The Company plans to be licensed for full Charter
      Services within 4 – 6 months
Through
our aircraft management services, we provide both private, full service aircraft
management and on-call passenger air transportation.   River Hawk
implements charter services through its company-owned fleet of  6
corporate owned aircraft and 6 managed , third-party owned aircraft, as well as
dual owned and multi-share owned aircraft for which River Hawk provides
maintenance, refurbishment, and regulatory oversight while offering charter
services including, among other things, convenient refueling services with per
gallon discounts for frequent customers.  In addition to the fueling
services, an FBO is the primary provider of hangars to charter
aircraft.
Currently,
River Hawk manages aircrafts under Federal Aviation Administration ("FAA")
Regulations Part 91 operation.  Based on management's analysis of the
current aviation industries and expectations, we are currently applying to
reactivate our now dormant Part 135 license, which we expect will enable us to
provide full charter management services within 4 to 6 months.
The
Industry
Charter
management in the aviation industry operates under FAA Regulations Part 135,
which regulates aircraft with up to 30 seats and 7,500 pounds of
payload.   The National Air Transportation Association ("NATA")
reports that there are approximately 3,000 holders of Part 135 charter
certificates. These include approximately 2,550 for fixed wing aircraft and 450
for helicopter operators.
Additionally,
according to NATA, business travelers accounts for approximately 70 percent of
the charter services market, with personal travel representing the
remainder.  Notably, approximately 30 percent of charter travelers
used charter services almost exclusively, having nearly ceased using scheduled
airlines.
NATA
further reports that the highly fragmented FBO segment of the charter services
industry is comprised of over 3,000 operators located at one or more of the
approximately 3,000 airports with at least one paved 3,000-foot runway,
nationwide.  While most FBOs are single location operators, NATA
characterizes operators located at three or more airports as "chains," and if
located in at least two distinctive regions of the country, as a "national"
chains as compared with "regional" chains.  River Hawk's goal to
establish a national chain reflects its belief in a national chain benefits from
enhancing client retention by providing its clients with nationwide flight
access yet enabling the company to manage fuel costs at each destination in its
network.
River
Hawk believes the general aviation market has historically been somewhat
cyclical, with revenues correlated with general economic conditions. We also
believe that the current charter services marketplace provides growth
opportunities for the following reasons:
·
The
      increasing emphasis on security at the country's major airports during the
      current decade has effected a fundamental change in the demand for the
      convenience private aviation services for both business and leisure
      travel.  These security initiatives and related increase in
      check-in delays have shifted demand private aircraft
    travel.
·
New
      generation private jet aircraft are increasingly entering the market,
      providing a broader range of more affordable variable range light and very
      light jets. As this new generation of private jet aircraft begins to
      proliferate, we believe there will be a resultant demand for more FBO
      services in secondary markets as well as in middle America, where these
      aircraft might be expected to put down and take on fuel en route to their
      final destinations.
·
Greater
      traffic at major and regional airports has led to a shortage of runways
      space for larger, commercial  jet aircraft at major and even
      regional airports, further exasperating flight delays and enhancing the
      very light jet market.
Marketing
and Sales
With the
acquisition of River Hawk-San Antonio and Profile, we intend to dedicate a small
but focused marketing sales force to maintain and increase sales of our
management services as we transition to a full service, charter management
service company primarily focusing on charter management and FBO services, with
an added emphasis on maintenance and refueling.  Senior executives
will complement and enhance these efforts and directly focus on pursuing
aircraft owners to add their aircraft to our managed fleet.   Our
marketing and sales initiative is of particular importance during this
transition due to the need to create reliable demand for chartered flights in
order to support the expected, additional salary expenditures arising under the
FAA requirement that charter managements companies have pilots available on a
full time basis.
In
additional to active, person-to-person and channel partnership introductions,
the Company is currently undertaking enhancements to the Company's website that
will support the sales force and enhance two-way communication between clients,
potential clients, and Company.
Competition
Both
aircraft leasing, management companies and full charter service companies exist
in a highly fragmented segment of the aviation industry, with competition at the
local, regional and national level.  Management believes that the
current fleet of aircraft it manages provides a platform from which it can
expand the type and number of aircraft that it can deploy for (i) charter in the
future in order to compete on a larger scale in terms of scheduling flexibility,
availability and route variability and (ii) its managed leasing services and, in
the near term, full charter managed services.
As of the
date of this document, the managed fleet is comprised of 12 managed aircraft, 6
of which the Company either owns outright or shares ownership interests and 6 of
which it manages for third-party owners.   The Company-owned
portion of our fleet includes well-known aircraft such as Beech and
Cessna.  Owning shares of certain aircraft enables the Company to
spread out carrying costs when an aircraft would otherwise be idle, while
allowing us to cost-effectively expand the size and variability of our
fleet.  We are currently in negotiations to purchase a Citation II
jet, which will provide added convenience at greater destination ranges to our
clients.
The FBO
segment of the industry, the vast majority of which are independent, single
location operators, is characterized by competition in both pricing and service,
leading to a broad range of fees and services even within relatively small
geographic regions.  River Hawk expects that as it expands its network
its increasing size will provide greater buying power from suppliers and
consequential lower costs, which will enable more consistent services and
aggressive pricing to current and potential clients.
Effect
of existing or probable government regulation
Our
business operates under the regulation and supervision of the Federal Aviation
Administration (FAA). Our services, including, among other things, dispensing
fuels, repair services, maintenance services and pilot management services are
under the purview of local, regional and national regulatory agencies. The
adoption of new regulations could, and generally does, result in increased costs
that can not be reliably estimated in advance.
Government
Approvals
FBOs,
MBOs and charter services companies generally operate on municipal or other
government owned real estate properties, as with Profile. At times we will need
to obtain certain consents or approvals from those government entities in
conjunction with our operations, acquisition or expansion, and with the terms of
relevant airport leases.  There can be no assurance that we shall
obtain such consents on terms favorable to the Company.   Any
such failure could result inability to expand services at a location or to a
location and under certain contracts could hinder additional acquisitions that
we otherwise would consider.
Costs
and effects of complying with environmental laws
In
dispensing fuels and in maintenance and repair operations, we handle virgin and
waste petroleum products.  These activities are subject to federal,
state and local environmental laws. The Company intends to comply with these
laws as part of its standard operating practice. The cost of this compliance is
considered a normal cost of operations.
Employees
As of the
date of this document, we employ  34 full-time or part-time
employees  and independent contractors.
The
Subsidiary Businesses
Profile
Aviation Center, Inc.
Company
Overview
Profile
Aviation Center, Inc., a North Carolina corporation, was established in 1996 and
Profile Services, Inc., a Delaware corporation, was established in
1994.  Both companies are headquartered in North Carolina under common
ownership and work synergistically to offer a full range of services for
corporate aircraft leasing and management services throughout the South Eastern
United States.  Providing a full service, FBO and MBO at Hickory
Regional Airport in North Carolina, Profile is a member of both the National
Business Aviation Association ("NBAA") and NATA, and is a designated Phillips
Aviation Performance Center for its continued demonstration of excellence in
ground support operations.  Profile employs FAA trained aircraft
technicians and requires that its employees and pilot-trainees remain up to date
on current as well as innovative standards for a full range of aircraft
services.
One of Profile's loyal customers is
NASCAR, with whom it maintains an ongoing service contract to provide charter
services to various NASCAR executives, teams, employees and
drivers.  Profile transports and provides services aboard two of its
19-seat passenger aircraft and six of its Kingair turbine powered
aircrafts.  Profile owns, maintains and stores eleven turbine-powered
aircrafts of the following types: Beechcraft 1900, Beechjet 400, Beechcraft
Kingair 350, B200, 200, B100, and Cessna Citation II.
Profile's facilities include 180,000
square feet of hangar, maintenance and office facilities, with generous
opportunities for expansion, as needed, at the Hickory Regional
Airport.  The facilities also include a Federal Aviation Regulation
("
FAR
") part 145 repair
station operation, a FAR part 135 charter operation, and aircraft
leasing.  Profile employs over 60 people at their facilities, 24 of
whom are independent-contractor pilots, which reduces liability
risks.
In
conjunction with its FAR part 145 repair station, Profile provides complete
avionics service for both installation and repair services for aircraft avionic
systems.  The FAR part 145 repair station is also equipped with a
comprehensive inventory of aircraft maintenance tooling, which enables the
efficient performance of a comprehensive range of maintenance
services.  To support its maintenance services, Profile maintains a
broad aircraft parts inventory with a proactive and efficient parts-traceability
program.  Profile also retains inventory management specialists who
are, in addition, fully trained and authorized to ship hazardous
materials.
In order to provide top quality
maintenance service, Profile employs senior maintenance technicians and
inspectors who each have 30 years or more of experience in
aviation-maintenance.  This experience includes working knowledge of
the following aircrafts: Beechcraft 1900, Kingair (all series), Learjet (all
series) and Cessna Citation 500 series.  Profile's maintenance
training program is also FAA-approved and Profile maintenance technicians attend
regular trainings with both FlightSafety and Simuflite.  Its ground
service crews undergo NATA Safety First Training and Phillips Line Service
Training along with an in-house training program conducted at Profile's
facilities.
In connection with the other facilities
and services, Profile offers customers a Cessna single engine service center,
phase inspections, airframe repairs, annual and 100 hour inspections, large
parts inventory, engine exchanges, NDT inspections, an altimeter, static,
Transponder System Test, and service and repair for the Bendix King, Collins,
and ARC.  Profile's ground services include, NATA Safety 1
st
Certified technicians, Phillilps 66 100LL and JetA with Prist, quick turn
fueling, GPU Service 12/28 volt, towing service up to Gulf Stream V, baggage
handling, red carpet services, coffee and ice, tie down, and overnight hangar
services.
River
Hawk-San Antonio
River
Hawk was formed as a private company in 2002 and merged into a public company in
January of 2003. Until recently, the Company primarily concentrated its efforts
on the build-out of airline hubs in Puerto Rico and the Dominican Republic,
through its former subsidiaries, EC AIR and VAD, which were sold in exchange for
the purchaser's assumption of certain liabilities of the Company.  The
majority of these efforts have focused on development of licensing and
supporting organizational growth.  In January 2007, River Hawk,
formerly known as Viva International, Inc., completed an asset purchase
agreement with River Hawk-San Antonio, acquiring its aviation parts
manufacturing and supplying business.
River Hawk-San Antonio currently has an
ongoing relationship with Honeywell, International Turbine Services ("ITS") and
NASCAR.  ITS, a major supplier of engine parts to Dallas Airmotive,
has purchased over $10 million in engine parts from River Hawk-San Antonio over
the last 18 months.  River Hawk has provided aircraft parts, engines
and aircrafts to several NASCAR teams, including Ganasii Racing, Sabco Racing
and Joe Gibbs Racing.
River Hawk-San Antonio had sales of
$707,663 for the year ended December 31, 2005, with a gross margin of $540,511,
and booked approximately $1.5 million in sales in the first half of 2006
(results for the second half of 2006 will become available following March 31,
2007).  Gross revenues at the end of 2006 are expected to exceed $1.8
million, with an estimated gross margin of $1.2
million.   Forecasts for 2007 indicate gross margins of
approximately $2.5 million.
The airline industry's cyclical curve
is currently in the early stages of an upward climb (historically lasting five
years on average), as evidenced by performance standards within the
industry.  The next five years is expected to revitalize growth,
especially in profit though debt reduction.  During this period, River
Hawk plans to grow into an aviation holding conglomerate, becoming an industry
leader in the aviation parts, services and aviation technology
industry.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The
following table sets forth, as of March 12, 2008 certain information regarding
the ownership of River Hawk's capital stock by each director and executive
officer of River Hawk, each person who is known to River Hawk to be a beneficial
owner of more than 5% of any class of River Hawk's capital stock, and by all
officers and directors of River Hawk as a group.  Unless otherwise
indicated below, to River Hawk's knowledge, all persons listed below have sole
voting and investing power with respect to their shares of capital stock except
to the extent authority is shared by spouses under applicable community property
laws.
Beneficial
ownership is determined in accordance with the rules of the Securities and
Exchange Commission ("SEC") and generally includes voting or investment power
with respect to securities.  Shares of common stock subject to options
or convertible securities exercisable or convertible within sixty (60) days of
March 12, 2008 are deemed outstanding for computing the percentage of the person
or entity holding such options or convertible securities but are not deemed
outstanding for computing the percentage of any other person, and is based on
17,859,731 shares of common stock issued and outstanding, as of March 12,
2008.
NAME
      AND ADDRESS OF BENEFICIAL OWNER
AMOUNT
      AND NATURE OF BENEFICIALOWNERSHIP
%
      OF COMMON STOCK ON A FULLY DILUTED BASIS (4)
Calvin
      Humphrey
1023
      Business Park Drive
Traverse
      City, MI 49686
5,517,237
      (1)
Chairman,
      President, CEO, > 10% shareholder
30.89%
Robert
      J. Scott
1023
      Business Park Drive
Traverse
      City, MI 49686
124,240
Director,
      CFO
0.70%
Carroll
      Smith
3103
      9th Avenue Drive
Hickory,
      NC 28601
4,000,000
      (2)
Director,
      > 10% shareholder
22.52
      %
David
      M Otto
601
      Union Street, Suite 4500
Seattle,
      WA 98101
5,033,334
      (3)
>10%
      shareholder
28.18%
Richard
      R. Girouard
1023
      Business Park Drive
Traverse
      City, MI 49686
3,000,000
Director,
      >10% shareholder
16.80%
Roger
      F. Larreur
1023
      Business Park Drive
Traverse
      City, MI 49686
-0-
Director
-0-
All
      officers and directors as a group (3 persons)
12,641,477
70.78%
(1)
Assumes
      full conversion of Mr. Humphrey's 5,500,000 shares of Series A Preferred
      Stock of the Company, convertible to common stock on a one-for-one (1:1)
      basis.  While Mr. Humphrey has the right to convert to common
      stock within the 60 days, the Company believes it unlikely that he will
      elect to convert.
(2)
Assumes
      full conversion of Mr. Smith's 1,500,000 shares of Series A Preferred
      Stock and 2,500,000 shares of Series B Preferred Stock of the Company,
      both Series of which are convertible to common stock on a one-for-one
      (1:1) basis.  While Mr. Smith has the right to convert either or
      both Series to common stock within the 60 days, the Company believes it
      unlikely that he will elect to
convert.
(3)
Assumes
      full conversion of Mr. Otto's 3,500,000 shares of Series A Preferred Stock
      of the Company, convertible to common stock on a one-for-one (1:1)
      basis.  While Mr. Otto has the right to convert to common stock
      within the 60 days, the Company believes it unlikely that he will elect to
      convert.
(4)
Total
      percentage held assumes full conversion of outstanding Series A Preferred
      and Series B Preferred.
DIRECTORS
AND EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
Neither
the Company, its property, or any of its directors or officers is a party to any
pending legal proceeding, nor have they been subject to a bankruptcy petition
filed against them.  None of its officers or directors has been
convicted in, nor is subject to, any criminal proceeding.
Our
directors and officers as of November 16, 2007 are set forth below.
NAME
AGE
POSITIONS
Calvin
      Humphrey
60
Chairman
      of the Board, Chief Executive Officer
Robert
      J. Scott
58
Chief
      Financial Officer, Secretary/Treasurer, Director
Richard
      R. Girouard
53
Director
Roger
      Larreur
46
Director
Carroll
      Smith
74
Director
Calvin Humphrey
has served as
a Director since August 14, 2006 and became the Company's Chief Executive
Officer on September 27, 2006. Mr. Humphrey's has held responsible executive
positions in public and private aviation companies in a 37 year career. Mr.
Humphrey has held executive positions with BAE Systems, Embraer Aircraft and
Fairchild Aircraft in addition to having served as President and Chief Executive
Officer of regional air carriers Northcoast Executive Airlines and Jetstream
International Airlines. Most recently, Mr. Humphrey has operated as a wholesale
and retail distributor of aircraft parts and accessories from privately owned
businesses in San Antonio, Texas.
Robert J. Scott
has served as
a Director and Chief Financial Officer since January 15, 2003. At various times
since 2003, Mr. Scott has also filled the positions of President and Chief
Executive Officer most recently serving as the Chief Executive Officer during
the period of March 9, 2006 through August 3, 2006. From January 15, 2003 to
July 15, 2004, Mr. Scott was our sole director. From May 2002 until January
2003, Mr. Scott was the Secretary and Treasurer of Renegade Venture
Corporation (now known as Global Aircraft Solutions, Inc (OTCBB:GACF). He was
responsible for all financial and accounting aspects of such
business.  From May 2002 until January 2003, Mr. Scott was Chief
Financial officer of Hamilton Aerospace Technologies, Inc. (a wholly owned
subsidiary of Renegade Venture Corporation now known as Global Aircraft
Solutions, Inc). He was responsible for all financial and accounting aspects of
such business.  Mr. Scott has operated a consulting firm since
1990 specializing in tax, accounting, financial and management
consulting.  In 1971, Mr. Scott received his Bachelor of Science
degree in Business Administration from Michigan Technological
University.
Richard R. Girouard
was
appointed to the Board on November 16, 2007.  He is the President and
CEO Girouard Associates, Inc., located in New Canaan,
Connecticut.  Mr. Girouard has over 30 Years experience as a Custom
Home Builder of Luxury Single Family and Multi Family Residential properties
throughout the Farmington Valley, Greater Hartford area, New London, Lower
Fairfield Counties of Connecticut, Anguilla, BWI and Vieques, PR.  He
has has won numerous industry awards for his Custom Homes and Residential
Developments.  Additionally, Mr. Girouard has over 20 years experience
as a Commercial Property Developer in Hartford, Stonington, North Stonington,
Greenwich, Darien and Manchester, Connecticut as well as Watch Hill, Rhode
Island and Davies, Florida.  Mr. Girouard is a founder of USA Bank in
Westchester County, New York.  Additionally, he is a founder,
shareholder, and member of the board of the directors of DiscoveryTel, a
significant provider of communications services and equipment located in
Hartford, Connecticut and Reston, Virginia.  DiscoveryTel provides
these services throughout Africa and the Middle East.
Roger Larreur
is Director of
Sales & Marketing for Canada and the Eastern United States for Swissport,
USA, Inc. Swissport International, Ltd. is the leading service provider in the
global ground and cargo handling business. Previous to this, Mr. Larreur has
held management and executive positions with American Trans Air, Maxmar Aviation
Consulting, Paradise Airlines d/b/a Continental Connection, Gulfstream
International Airlines d/b/a Continental & United Connection, Alitalia
Airlines, Pan Am Express Airways, and Braniff Airlines.
Mr. Carroll G.
Smith.
Mr. Smith is currently the President of Profile
Aviation Center, Inc. and Profile Aviation Services, Inc. and has over 40 years
in management of aircraft maintenance, flight departments and air transport
along with over 20,000 flight hours in various aircrafts.  Mr. Smith
has held the position of chief pilot and director of flight operations for
numerous companies.  Furthermore, he has years of both hands-on and
management-related mechanic and maintenance experience on a wide variety of
aircrafts.  Mr. Smith is also a member of the board of Directors of
River Hawk Aviation, Inc.
6
SELLING SHAREHOLDERS
This
prospectus covers the offering of shares of common stock by selling
shareholders.  This is an offering of 1,000,000 shares of our common
stock.  We will not receive any proceeds from the sale of the shares
by the selling shareholders.
Name
Position
Amount
      Owned
Amount
      Offered
Total
      Owned After Offer
Richard
      Girouard
>
      10% Shareholder
3,000,000
1,500,000
1,500,000
David
      M. Otto
Legal
      Counsel,
>
      10% Shareholder
1,533,334
      (1)
1,500,000
1,500,000
(1)
Mr.
      Otto owns 3,500,000 shares of Series A Preferred Stock of the Company,
      convertible to common stock on a one-for-one (1:1)
  basis.
THE
SEC'S POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
Our
bylaws provide that directors and officers shall be indemnified by us to the
fullest extent authorized by the Nevada Revised Statutes Section 78.7502,
against all expenses and liabilities reasonably incurred in connection with
services for us or on our behalf. The bylaws also authorize the board of
directors to indemnify any other person who we have the power to indemnify under
Nevada law, and indemnification for such a person may be greater or different
from that provided in the bylaws.
To the
extent that indemnification for liabilities arising under the Securities Act may
be permitted for our directors, officers and controlling persons, we have been
advised that in the opinion of the SEC such indemnification is against public
policy as expressed in the Securities Act and is, therefore,
unenforceable.
7
DESCRIPTION
OF CAPITAL STOCK
The
common stock of River Hawk is registered pursuant to Section 12 of the Exchange
Act, and therefore, the description of common stock is omitted.  See
"Description of Securities" in the Company's Registration Statement on Form
10-SB, filed with the Commission on August 31, 1999, 1999 (File No.
27193).
The
Company is authorized to authorized to issue 500,000,000 share of $0.001 par
value common stock.  Currently 4,789,731 shares are issued and
outstanding.
The
Company is authorized to issue 25,000,000 shares of blank check preferred
stock.  Currently, the Company has designated 12,000,000 shares of
Series A Preferred Stock and 6,000,000 shares Series B Preferred
Stock.
The
Series A Preferred Stock provides the holder with 10 votes per share on any
matter properly put forth to the shareholders of the Company and with certain
liquidation preferences.  It is convertible at the holder's election
into common stock of the Company, at a ratio of 1:1.
The
Series B Preferred provides the holder with an 8% annual coupon and with the
option to either (a) elect to convert the Series B Preferred shares into common
stock of the Company at a ratio of 1:1, on an all or nothing basis, or (b) to
put the Series B Preferred shares to the Company or the Company's designee at a
purchase price of One dollar ($1.00) per share (the "Conversion
Price").  Additionally, the Series B Preferred certificate of
designation provides the Company with the option to, at any time, repurchase the
Series B Preferred shares from the holder at the Conversion Price, unless the
holder elects at such time to convert the shares into common stock of the
Company.
Currently,
10,500,000 shares of Series A Preferred stock and 2,500,000 shares of Series B
Preferred stock are issued and outstanding.
8
USE
OF PROCEEDS
River
Hawk will not receive any proceeds.
9
PLAN OF DISTRIBUTION
The
shares of our common stock offered by this prospectus may be sold from time to
time directly by the selling security holders. Alternatively, the selling
security holder may from time to time offer such shares through underwriters,
brokers, dealers, agents or other intermediaries. The selling security holders
as of the date of this prospectus have advised us that there were no
underwriting or distribution arrangements entered into with respect to the
common stock offered hereby.  The distribution of the common stock by
the selling security holders may be effected: in one or more transactions that
may take place on the Over the Counter (including one or more block
transactions) through customary brokerage channels, either through brokers
acting as agents for the selling security holders, or through market makers,
dealers or underwriters acting as principals who may resell these shares on the
Over the Counter; in privately-negotiated sales; by a combination of such
methods; or by other means. These transactions may be effected at market prices
prevailing at the time of sale, at prices related to such prevailing market
prices or at other negotiated prices. Usual and customary or specifically
negotiated brokerage fees or commissions may be paid by the selling security
holders in connection with sales of our common stock.
The
selling security holders may enter into hedging transactions with broker-dealers
in connection with distributions of the shares or otherwise. In such
transactions, broker-dealers may engage in short sales of the shares of our
common stock in the course of hedging the positions they assume with the selling
security holders. The selling security holders also may sell shares short and
redeliver the shares to close out such short positions. The selling security
holders may enter into option or other transactions with broker-dealers which
require the delivery to the broker-dealer of shares of our common stock. The
broker-dealer may then resell or otherwise transfer such shares of common stock
pursuant to this prospectus.
The
selling security holders also may lend or pledge shares of our common stock to a
broker-dealer. The broker-dealer may sell the shares of common stock so lent, or
upon a default the broker-dealer may sell the pledged shares of common stock
pursuant to this prospectus. Any securities covered by this prospectus which
qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather than
pursuant to this prospectus. The selling security holders have advised us that
they have not entered into any agreements, understandings or arrangements with
any underwriters or broker-dealers regarding the sale of their securities. There
is no underwriter or coordinating broker acting in connection with the proposed
sale of shares of common stock for the selling security holders.
Although
the shares of common stock covered by this prospectus are not currently being
underwritten, the selling security holders or their underwriters, brokers,
dealers or other agents or other intermediaries, if any, that may participate
with the selling security holders in any offering or distribution of common
stock may be deemed "underwriters" within the meaning of the Securities Act and
any profits realized or commissions received by them may be deemed underwriting
compensation thereunder.
Under
applicable rules and regulations under the Exchange Act, any person engaged in a
distribution of shares of the common stock offered hereby may not simultaneously
engage in market making activities with respect to the common stock for a period
of up to five days preceding such distribution. The selling security holders
will be subject to the applicable provisions of the Exchange Act and the rules
and regulations promulgated thereunder, including without limitation Regulation
M, which provisions may limit the timing of purchases and sales by the selling
security holders.
In order
to comply with certain state securities or blue sky laws and regulations, if
applicable, the common stock offered hereby will be sold in such jurisdictions
only through registered or licensed brokers or dealers. In certain states, the
common stock may not be sold unless they are registered or qualified for sale in
such state, or unless an exemption from registration or qualification is
available and is obtained.
We will
bear all costs, expenses and fees in connection with the registration of the
common stock offered hereby. However, the selling security holders will bear any
brokerage or underwriting commissions and similar selling expenses, if any,
attributable to the sale of the shares of common stock offered pursuant to this
prospectus.
There can
be no assurance that the selling security holders will sell any or all of the
securities offered by them hereby.
10
LEGAL MATTERS
The
legality of the common stock to be offered hereby has been passed upon by The
Otto Law Group, PLLC, Seattle, Washington.
11
AVAILABLE
INFORMATION
We file
annual, quarterly and current reports and other information with the Commission.
You may read and copy, upon payment of a fee set by the Commission, any
documents that we file with the Commission as its public reference room at 100 F
Street, NE., Washington, D.C. 20549.  You may also call the Commission
at 1-800-432-0330 for more information on the public reference
rooms.  Our filings are also available to the public on the Internet
through the Commission's EDGAR database. You may access the EDGAR database at
the Commission's website at www.sec.gov.
This
prospectus is part of a registration statement on Form S-8 that we have filed
with the Commission to register the common stock offered hereby under the
Securities Act.  As permitted by Commission rules, this prospectus
does not contain all of the information contained in the registration statement
and accompanying exhibits and schedules that we file with the
Commission.  You may refer to the registration statement, the exhibits
and schedules for more information about our common stock and us.  The
registration statement, exhibits and schedules are available at the Commission's
public reference rooms or through its EDGAR database on the
Internet.
You
should rely only on the information contained in this prospectus or any
supplement to this prospectus. We have not authorized anyone to provide you with
different information.
Our
common stock is quoted Over the Counter  under the symbol
"RHWI."
12
NO
      PERSON HAS BEEN AUTHORIZED TO GIVE
ANY
      INFORMATION OR TO MAKE ANY REPRESENTATIONS, OTHER THAN THOSE
CONTAINED
      IN THIS PROSPECTUS, IN
CONNECTION
      WITH THE OFFERING MADE
HEREBY,
      AND, IF GIVEN OR MADE, SUCH
INFORMATION
      OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN
AUTHORIZED
      BY THE COMPANY OR ANY OTHER PERSON.  NEITHER THE DELIVERY OF
      THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER SHALL UNDER ANY CIRCUMSTANCES
      CREATE ANY IMPLICATION THAT THERE HAS BEEN NO
CHANGE
      IN THE AFFAIRS OF THE COMPANY
SINCE
      THE DATE HEREOF.  THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER
      TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OFFERED HEREBY
      BYANYONE IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS
      NOTAUTHORIZED OR IN WHICH THE PERSON
MAKING
      SUCH OFFER OR SOLICITATION IS
NOT
      QUALIFIED TO DO SO OR TO ANY
PERSON
      TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.
3,000,000  SHARES
RIVER
      HAWK AVIATION, INC.
COMMON
      STOCK
_______________________
PROSPECTUS
_______________________
March
      12, 2008
Table
      of Contents
PROSPECTUS
      SUMMARY
2
DOCUMENTS
      INCORPORATED BY REFERENCE
3
FORWARD
      LOOKING STATEMENTS
4
RISK
      FACTORS
5
THE
      COMPANY
6
SELLING
      SHAREHOLDERS
7
DESCRIPTION
      OF CAPITAL STOCK
8
USE
      OF PROCEEDS
9
PLAN
      OF DISTRIBUTION
10
LEGAL
      MATTERS
11
AVAILABLE
      INFORMATION
12
PART
II
ITEM 3.
INCORPORATION OF DOCUMENTS BY REFERENCE
The
following documents, which have been filed with the Securities and Exchange
Commission (the "Commission") by the Registrant are incorporated by reference in
this registration statement:  (i) the Company's Annual Report on Form
10-KSB, as amended, for the fiscal year ended  December
31,  2006,  (ii) the  Company's Quarterly Report
on Form 10-QSB  for the periods ended September 30, 2007, June 30,
2007 and March 31, 2007 (iii)
the  Company's  periodic  reports on Form
8-K  filed November 21, 2007, August 30, 2007, August 28, 2007, August
14, 2007, May 25, 2007, May 16, 2007, April 3, 2007, January 29, 2007 and
January 12, 2007 (iv) the Company's  Form
10-SB  registration  statement, as amended,  filed
August 31, 1999. All documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
shall be deemed to be incorporated by reference in this registration statement
and to be part hereof from the date of the filing of such documents
.
ITEM
5.  INTERESTS OF NAMED EXPERTS AND COUNSEL
David M.
Otto of The Otto Law Group, PLLC, which has prepared this Registration Statement
and the opinion regarding the authorization, issuance and status of the
securities, as fully-paid and non-assessable, covered by this Registration
Statement, has represented the Registrant in the past on certain legal matters,
and is the recipient and beneficial owner of 1,000,000 shares of common stock of
the Company registered hereunder.
ITEM 6.
INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section
78.751 of the Nevada General Corporation Law generally allows the Registrant to
indemnify any person who was or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding by reason of the
fact that he or she is or was a director, officer, employee or agent of the
Registrant or is or was serving at the request of the Registrant as a director,
officer, employee or agent of any corporation, partnership, joint venture, trust
or other enterprise.  The Registrant may advance expenses in
connection with defending any such proceeding, provided the indemnitee
undertakes to pay any such amounts if it is later determined that such person
was not entitled to be indemnified by the Registrant.
ITEM 8.
EXHIBITS
The
Exhibits required to be filed as part of this Registration Statement are listed
in the attached Index to Exhibits and incorporated herein by this
reference.
ITEM 9.
UNDERTAKINGS
(a) The
undersigned Registrant hereby undertakes:
(1) To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i) To
include any prospectus required by Section 10(a)(3) of the Securities
Act;
(ii) To
reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high and of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the change in volume
and price represents no more than 20% change in the maximum aggregate offering
price set forth in the
"Calculation  of  Registration  Fee" table in the
effective registration statement;
(iii)  To  include  any  material  information  with  respect  to  the  plan  of
distribution  not  previously  disclosed  in
the  registration  statement or any material change to such
information in the registration statement;
provided,  however, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information  required  to be  included in
a  post-effective  amendment  by those
paragraphs  is  contained  in
periodic  reports  filed with or  furnished to the
Commission  by
the  Registrant  pursuant  to Section 13 or
Section  15(d) of the Exchange Act that are incorporated by reference
in this registration statement.
(2) That
for the purpose of determining any liability under the Securities Act, each
such  post-effective  amendment  shall
be  deemed to be a new  registration statement relating to
the securities  offered therein,  and the offering of such
securities  at that time shall be deemed to be
the  initial  bona fide  offering
thereof.
(3) To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(b)  The  undersigned   Registrant  hereby  undertakes  that,  for  purposes  of
determining  any  liability  under  the  Securities  Act,  each  filing  of  the
Registrant's  annual  report  pursuant to
Section  13(a) or Section 15(d) of the Exchange Act, (and, where
applicable,  each filing of an employee benefit plan's
annual  report   pursuant  to  section  15(d)  of  the  Exchange  Act)  that  is
incorporated by reference in the registration  statement shall be
deemed to be a new registration  statement relating to the securities
offered therein,  and the offering of such  securities at
that time shall be deemed to be the initial bona fide offering
thereof.
(h)
Insofar as indemnification for liabilities arising under the Securities Act
may  be  permitted  to  directors,  officers  and  controlling  persons  of  the
Registrant pursuant to the foregoing  provisions,  or
otherwise,  the Registrant has been advised that in the opinion of the
Securities  and Exchange  Commission such indemnification is
against public policy as expressed in the Securities Act and is,
therefore,  unenforceable. In the event that a claim for
indemnification against such  liabilities  (other than the
payment by the Registrant of expenses incurred or paid by a
director,  officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director,  officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of its
counsel the matter has been  settled
by  controlling  precedent,  submit to a court
of  appropriate
jurisdiction  the  question  of
whether  such  indemnification  by it is against
public  policy  as  expressed  in the
Act  and  will be  governed  by
the  final adjudication of such issue.
13
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has  reasonable  grounds to believe  that it
meets all of the requirements  for  filing  on
Form S-8 and
has  duly  caused  this  registration
statement  to be  signed  on
its  behalf  by  the  undersigned,  thereunto  duly
authorized, at 954 Business Park Drive, Traverse City, MI, on this 12
th
day of
March 2008.
RIVER
HAWK AVIATION, INC.
(Name
of Registrant)
Date:
March 12, 2008
By: /s/
Robert J Scott
----------------------------------------------
Name: Robert
J Scott
Its:
Chief Financial Officer
Pursuant
to the requirements of the Securities Act of 1933, as amended, this
registration  statement  has been signed by
the  following  persons in the capacities and on the date
indicated.
SIGNATURE                 TITLE                            DATE
---------                             -----                                 ----
/s/
Robert J. Scott        Chief Financial
Officer        01/12/08
------------------
By:
Robert J. Scott
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
RIVER HAWK AVIATION, INC.
(Company)
/s/_
_
_ Robert J Scott
_________
By:
Robert J Scott
Its:
Chief Financial Officer
Date:
March 12, 2008
14
INDEX
TO EXHIBITS
EXHIBIT
      NUMBER
DESCRIPTION
LOCATION
5
Opinion
      of the Law Offices of The Otto Law Group, PLLC
Filed
      herewith.
23.1
Consent
      of The Otto Law Group, PLLC
(contained
      in exhibit 5)
23.2
Consent
      of Kempisty & Company Certified Public Accountants,
    P.C.
Filed
      herewith.
15