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Newsletter
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.



 
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