 |
 |
May
24, 2005 |
 |
|
 |
Volume
VI, Issue 49 |
 |
|
Home Page : www.otcjournal.com
Email Questions or Comments To:
editor@otcjournal.com
To
OTC Journal Members:
 |
Comments
in the BLOG |
 |
ZAPZ fell apart early today
and is now rebounding on the market's mistaken impression that the company
will not be able to purchase Smart Cars from the Smart division of Mercedes
Benz. It is still not officially determined one way or the other. By the
time you read this, I should have a BLOG entry posted, and plan
to do a follow up edition after speaking directly with Steve Schneider,
President of the Company.
To use the BLOG, simply go
to the home page at www.otcjournal.com
- the BLOG will scroll down automatically on the right side of your
screen. The most current journal entries appear in the middle of your screen.
Check back frequently for updates particularly when stocks are moving to
overbought or oversold levels or in volatile markets. Your questions and
postings do not automatically appear, so don't bother posting the same
question multiple times. I personally go through to moderate and respond
to every question.
 |
NeWave (OTC
BB: NWWV) Surging For New Highs |
|
NeWave is trying to make a
new high right now, and I believe the recent revelations of the company
achieving it's first million dollar month along with strong growth in Q1
are the factors driving both the price and volume surge in the stock.
NWWV was out with Q1 numbers
before the open today. NWWV reported a 52% increase
in revs over Q1 of '04. Revenues came in at $1.25 million for the quarter.
Losses were cut in half from $.08 per share to $.04 per share over the
same period a year ago.
It's clear from the way the stock
is performing that investors are astutely computing the company's outlook
for the remainder of the year. $1.25 million only represents about $410,000
per month from January to March. Seasonally, January is slow, and business
accelerates for this company as we move into the year.
NWWV has already announced
they achieved their first $1 million month in April. If the trend continues
for May and June, the company will deliver a 140% growth rate from
Q1 to Q2 in '05. Many companies would love to deliver a 140% growth rate
in one year- this company could deliver in three months.
Looking out to later in the year,
investors are already focusing on NWWV's infomercial featuring Bob
Eubanks, their national spokesman. The infomercial will be produced
in several different versions, tested over the summer, and rolled out on
a nationwide basis in September.
Based on NWWV's growth, it
is evident home based businesses are gravitating to NWWV as they
have the best platform to fulfill their needs at a very reasonable cost.
Their subsidiaries- Auction Liquidator
and
Discount Online Warehouse are starting to deliver top line growth
as well. The Auction Liquidator- which is basically an eBay drop
off service, has unlimited upside potential and could become a prolific
growth engine for the company.
As I write today's edition, NWWV
is
only $.15 below a new all time high, and 96% higher than
when the OTC Journal first introduced the company on February
15th, 2004.
I believe this stock will trade at
a new all time high this week unless the market falls apart. This company
is growing gangbusters, and the investment community is starting to catch
on.
Here is the complete text of today's
news for your review:
| Press Release Source:
NeWave, Inc.
NeWave Posts 52% Increase
in Revenue for Quarter Ended March 31, 2005 vs. 2004
Tuesday May 24, 9:17 am
ET
LONG BEACH, Calif., May
24 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC Bulletin Board: NWWV - News)
a leading ecommerce solutions provider, today announced revenue of $1,258,616
for the quarter ended March 31, 2005 vs. $826,816 for the quarter ended
March 31, 2004, a 52% increase. Total loss for the quarter ended March
31, 2005 decreased 50% to (.04) per share from a loss of (.08) per share
for the quarter ended March 31, 2004. The Company's complete financial
results are available on its Form 10-QSB for the period ending March 31,
2005.
NeWave CEO Michael Hill
stated, "We are very proud to have announced such strong gains over the
prior year. This comes on the heels of our recent announcement in which
we surpassed revenue of over $1 million for the month of April alone. With
the continued growth of OnlineSupplier.com, our successful launch of AuctionLiquidator
and the scheduled launch of Discount Online Warehouse, we believe we are
on the path to becoming a significant player within the ever expanding
ecommerce universe."
He added, "This is an
exciting time for NeWave, as we are about to dramatically raise our profile
through the broadcast of our first infomercial featuring our national spokesman,
TV and radio personality Bob Eubanks. Ultimately, a company's performance
is what carries the day and clearly our results have begun to speak for
themselves."
Since inception in August
of 2003, OnlineSupplier.com has serviced over 150,000 paid members and
received over 2 million inquiries regarding its services. Since its recent
launch, AuctionLiquidator has surpassed over 1,000 successful auctions.
About NeWave, Inc.
NeWave, through its three
operating subsidiaries utilizes the internet to maximize the income potential
and discounted savings for its customers through a fully integrated turnkey
ecommerce solution.
OnlineSupplier.com offers
organizations of all sizes from home business to large enterprise the ability
to create, manage, and maintain effective website solutions for e-commerce.
AuctionLiquidator is
an online portal which provides individuals, enterprise customers and non-profit
organizations with a quick and efficient method for selling unwanted items
on eBay and other online auction sites.
Discount Online Warehouse
is an online wholesale club which offers discounted products purchased
in bulk quantities to its members.
To find out more about
NeWave (OTC Bulletin Board: NWWV - News), visit our websites at www.newave-inc.com,
www.onlinesupplier.com and www.auctionliquidator.com. The Company's public
financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
This release contains
forward-looking statements, including, without limitation, statements concerning
our business and possible or assumed future results of operations. Our
actual results could differ materially from those anticipated in the forward-looking
statements for many reasons including: our ability to continue as a going
concern, adverse economic changes affecting markets we serve; competition
in our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer acceptance
of our products and services or difficulties related to our integration
of the businesses we may acquire; and other risks and uncertainties as
may be detailed from time to time in our public announcements and SEC filings.
Although we believe the expectations reflected in the forward-looking statements
are reasonable, they relate only to events as of the date on which the
statements are made, and our future results, levels of activity, performance
or achievements may not meet these expectations. We do not intend to update
any of the forward-looking statements after the date of this document to
conform these statements to actual results or to changes in our expectations,
except as required by law.
Contact: Michael Novielli
Chairman
NeWave, Inc.
mnovielli@newave-inc.com
ph (203) 791-3838
Source: NeWave, Inc. |
|
|
| The OTCjournal.com Newsletter is
an independent electronic publication committed to providing our readers
with factual information on selected publicly traded companies. All
companies are chosen on the basis of certain financial analysis and other
pertinent criteria with a view toward maximizing the upside potential
for investors while minimizing the downside risk, whenever possible.
Moreover, as detailed below, this publication accepts compensation from
certain of the companies which it features. Likewise, this newsletter
is owned by MarketByte, LLC. To the degrees enumerated herein,
this newsletter should not be regarded as an independent publication.
Go
Here to view our compensation on every company we have ever covered,
or visit the following web address: http://www.otcjournal.com/disclaimer.html
for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html
for Trading Alerts. MarketBtye LLC has been paid of fee of $25,000 in cash
and 750,000 newly issued, restricted shares by NuWave for coverage of the
company. 375,000 have recently become eligible to be free trading as a
result of a registration statement.
All statements and expressions are
the sole opinions of the editors and are subject to change without notice.
A profile, description, or other mention of a company in the newsletter
is neither an offer nor solicitation to buy or sell any securities
mentioned. While we believe all sources of information to be factual and
reliable, in no way do we represent or guarantee the accuracy thereof,
nor the statements made herein.
From time to time MarketByte LLC
sells shares in the open market it receives as compensation for coverage
of client companies. Since the shares are received as compensation for
services as previously disclosed, and not for investment purposes, the
editors do not view the sale of the shares as contradictory to any advice
delivered in the content. This should be viewed as a conflict of interest
by shareholders or prospective shareholders of the client companies.
The editor, members of the editor's
family, and/or entities with which they are affiliated aside from MarketBtye
LLC itself, are forbidden by company policy to own, buy, sell or otherwise
trade stock for their own benefit in the companies who appear in the publication
unless specifically disclosed in the newsletter. Some of the companies
featured in the OTC Journal pay a cash ESP fee to an affiliated technology
company ranging from $2,000 to $5,000 per month for internet related technology
services.
The Trustee of the MarketByte LLC
Defined Benefit and Trust (“the MarketByte Pension Plan”) has invested
approximately $140,0000 in Dutchess Private Equities II LP (“the Dutchess
Limited Partnership”), a limited partnership in which the MarketByte Pension
Plan is a limited partner. No one associated with the MarketByte
Pension Plan has any knowledge, information, or control as to any past,
present, or future investment activities of the Dutchess Limited Partnership.
The Dutchess Limited Partnership is one of two hedge funds managed by Dutchess
Advisors. Dutchess Advisors periodically refers companies to MarketByte
LLC for possible coverage by one of the MarketByte LLC publications, which
publications include The OTCJournal.com Newsletter. Dutchess Advisors
may or may not own shares in the companies that it so refers to MarketByte.
MarketByte has no information (outside of information readily accessible
to the general public such as SEC filings) as to whether Dutchess Advisors
owns any shares in the companies that it refers to MarketByte LLC.
The above relationships should be viewed as a potential and/or actual conflict
of interest by shareholders and prospective shareholders of MarketByte
LLC client companies.
The profiles, critiques, and other
editorial content of the OTCjournal.com may contain statements that appear
foward relating to the expected capabilities of the companies mentioned
herein.
THE READER SHOULD VERIFY ALL CLAIMS
AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED.
INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE
OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT
LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY
WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.
We encourage our readers to invest
carefully and read the investor information available at the web sites
of the Securities and Exchange Commission ("SEC") at http://www.sec.govand/or
the National Association of Securities Dealers ("NASD") at http://www.nasd.com.
We also strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm.
Disclaimer ID:$subst('Recip.userid') Readers can review all public filings
by companies at the SEC's EDGAR page. The NASD has published information
on how to invest carefully at its web site. MarketByte LLC's mailing
address is 3525 Del Mar Heights Rd #334, San Diego, CA 92130.
You
can unsubscribe from this list at any time by
Clicking
Here and HITTING SEND. If you are having difficulty removing
yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi?. |
|
|
|
Click Here to View the OTC Journal Disclosure
|
|
To subscribe to our newsletter, please enter your email address below.
Quotes are delayed 20 minutes.

|