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There haven't been any BLOG entries so far this week, but your comments and questions are welcome on the three most recent: AMW, NWKI, and VTSI. I am following the current market melt down- stocks are really getting clobbered right now. If we don't bounce in earnest in the near term, I'll be looking for a serious correction. However, I believe a bounce is in the cards as the market has already priced in a lot of bad news.

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NeWave (OTC BB: NWWV) Brings in a Big Gun

NeWave hit the wires with some exciting news today after the market closed. They have pulled off major coup by adding a huge name to their advisory board.

Before we cover the event, here's a comment on the current state of affairs at NWWV. In response to last week's disclosure that NWWV eclipsed the 150,000 members serviced mark, one loyal member observed that revenues, not members serviced are all that matters. Agreed.

We run a little thin on hard numbers this time of year as many small companies butt up against the April 15deadline to get their year end audits completed. I am confident NWWV will report extraordinary growth and very substantial revenues for an 18 month old start up.

I anticipate the 4th quarter will be a little slow as they are seasonally weak at this time. The Holiday season is not prime time for NWWV. The 1st quarter of '05 should be very strong. Calls are flying into the switchboards right now, and business is strong. By the time summer rolls around they will be broadcasting their infomercial nationwide, and sales should continue to grow.

My personal benchmark for this company has always been the $1 million per month level. If they can get there, they will be highly successful in my mind, and it will be just a question of time before the stock attracts a whole new audience.

Based on historical performance as they serviced members, I believe the $1 million per month level could be coming into focus right now. When we have the hard numbers, expect a full report from the OTC Journal.

Now, on to today's news. After the market closed, NWWV announced Mr. Dave Hanlon will join the company as an advisor. Mr. Hanlon is the former CEO of International Gaming Technology (NYSE: IGT, $26.24), the former COO of the Rio Suites Resort and Casino in Las Vegas, and the former CEO of Merv Griffin's Resorts International. A more complete BIO can be found in the press release below.

This guy is a major heavyweight in the entertainment and gaming industry. NWWV is moving towards more mass media and celebrity endorsements to attract a larger member base, and Dave Hanlon fits the bill to help them move in that direction.

With regard to the chart one comment- uptrend intact. The stock broke below the uptrend line for a couple of days, but decided it didn't want to be down there, and did a 180. A little patience should pay off. This company is growing like a weed.

Here is the complete text of Friday's press release for your review:
 

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