Video River Networks, Inc. (OTC: NIHK)

Video River Networks, Inc. is a Nevada corporation that previously operated as Nighthawk Systems Inc. and held a portfolio of specialized industrial real estate assets. In September 2020 the company spun off its real estate business and returned to a technology focus on electric vehicles, artificial intelligence, machine learning, and robotics as well as power control, battery technology, wireless technology, and residential utility meters with remote mission critical devices. The firm's headquarters is located at 370 Amapola Ave., Suite 200A, Torrance, California 90501 and its telephone number is 310 895 1839. Video River Networks, Inc. is led by a management team of two executives who also serve as directors and who provide services without compensation pending formal employment agreements.

Revenue at present is derived mainly from the sale of power control systems, battery packs, wireless communication modules, and utility metering devices that enable remote monitoring and control of energy usage in residential and commercial settings. The company has not yet selected a target for its electric vehicle acquisition and has not generated significant operating income from that initiative. To fund a potential purchase Video River Networks, Inc. filed a registration statement in December 2020 seeking to raise $10 million by offering one million shares of Class B common stock. The proceeds are intended to be used either to acquire an electric vehicle manufacturer or to capitalize the company's planned electric vehicle sourcing, design, manufacturing, and distribution operations. As of the date of this filing the offering has not commenced and no shares have been sold.

The company operates through the following segments:

• Electric Vehicle AI ML R: This segment focuses on identifying and acquiring businesses that design, develop, manufacture, and distribute high performance electric vehicles while integrating artificial intelligence, machine learning, and robotic technologies into those products. The segment also aims to create a platform that can support multiple vehicle models and provide aftermarket services such as software updates and remote diagnostics.

• Power Control Battery Wireless Metering: This segment designs, manufactures, installs, and sells power control systems, battery technology, wireless communication devices, and residential utility meters that operate remote mission critical equipment. It also provides installation services, technical support, and maintenance contracts for utility companies and commercial facilities.

Within the electric vehicle and industrial technology sectors, Video River Networks, Inc. occupies a niche position as it seeks to combine emerging EV technology with AI, ML and robotics capabilities. It competes against larger established automakers such as Tesla and General Motors and industrial electronics firms like Schneider Electric and Siemens that have greater scale, brand recognition, and established distribution networks. The company's competitive advantage lies in its management team's expertise in mergers and acquisitions, its ability to locate undervalued targets, and its strategy to add value through operational and financial restructuring after an acquisition. Additionally the firm leverages its long standing experience in wireless control and metering to enhance the functionality of its electric vehicle offerings.

The power control and metering business serves utility companies, municipal governments, commercial building owners, and residential customers who require automated monitoring and control of energy usage. The future electric vehicle business will target individual consumers, fleet operators, and retailers interested in high performance electric vehicles that incorporate advanced AI and robotics features. In addition the company expects to sell its electric vehicles through dealerships, online platforms, and direct to consumer channels once a production agreement is in place.