Palomar Enterprises, Inc., incorporated on March 10, 1999, is a full-service real estate and home loan origination firm. The Company focuses on mortgage and home loan origination, real state sales and client services, and property acquisition and development. It operates from an owned facility located in Carlsbad, California. As of December 31, 2005, Palomar Enterprises has six independent full-time licensed real estate agents and licensed mortgage brokers. Through the Corporate Finance Division, the Company also focuses on developing and/or acquiring cash flow positive businesses, acquiring the real property and assets that are material to those businesses, and offering various types of financial instruments, including but not limited to, notes, deeds of trust and other types of corporate financing structures. This division has been reorganized and is operated by the Company's wholly owned subsidiary, The BlackHawk Fund. The Blackhawk Fund, formerly Zanwell Inc., was acquired by the Company on November 29, 2004. Zanwell's business was the selling of higher end previously owned automobiles. Palomar Enterprises was initially formed for the purpose of developing an aircraft service company for private aircraft owners that would offer onsite preventative maintenance and repair services. In October 2001, the Company launched a new debt acquisition business whereby it would acquire non-performing debt from financial institutions and use the services of various debtor location services to attempt collection of these purchased amounts. There have been no revenues recorded from this line of business, and it is no longer being pursued. In February 2003, Palomar Enterprises entered the nutraceutical market. However, management determined that this business line would be extremely difficult to implement and discontinued all efforts in this field. On July 11, 2003, the Company's future emphasis was changed to developing a business in the financial services sector.