To OTC Journal Members:
 

NeWave Corp (OTC BB: NWAV)- Should See New Wave Of High Prices Next Year

NeWave was without a doubt one of the best fundamental growth stories the OTC Journal covered in 2004. The company, through its turn key solution for putting individuals in business on the internet, found a sweet spot for those looking for help.

From a dead start up in August of 2003, NeWave has since grown to having serviced over 100,000 individuals, and is currently generating high margin revenues approaching of $1 million per month. 100% of the company's growth has come organically- they have not acquired any existing businesses. Most of their revenues are recurring subscription fees, which makes for a powerful and profitable business model.

Here's the quarter by quarter track record, beginning with the 1st quarter of '04:

• Q1 '04: $1 million
• Q2 '04: $1.8 million
• Q3 '04: $2.1 million

On the moderately negative side, shares of NWAV remain very thinly traded. As you can see, the stock has traded between $3 and $4.50 for the entire year, without any major break outs or break downs.

The OTC Journal has covered a number of thinly traded issues in the past which eventually traded much higher volumes. NWKI, BPTR, CADA, and HYPD come to mind. With more volume came price improvement on all these issues.

NWAV is currently in a regulatory "quiet period" compliments of a registration process with the SEC. Once the process is completed, I expect the company to be considerably more vocal with the investing community.

Next year NWAV should focus on rolling out its eBay drop off location business, using celebrity and national spokesperson Bob Eubanks to get the word out. 

The structure of the registration statement should not lead to any massive excess supplies of stock. Therefore, I don't see a lot of technical risk.

Look for NWAV to end up on many new investors' radar screens in 2005. I expect to continue to cover this one for quite some time. I believe they have two to three years of rapid growth out in front of them.

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