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NeWave (OTC
BB: NWAV) Goes High Profile |
|
To date I have only published one
edition on NeWave. On February
15th I published an exclusive first look at the company, and suggested
you begin establishing a position up to the $3 level.
NWAV offered you the opportunity
to get involved for the next nine trading days at the suggested entry level,
then started climbing the charts. On Friday, the stock closed at $3.60,
for a net return of 20% over the first month of coverage. I would
call that a good start.
If you didn't read about the company
in the first edition, I strongly recommend you go back and review. Click
here to visit the February
15th edition. Visit www.onlinesupplier.com
to learn more about their services.
In my opinion, NeWave provides
the most comprehensive, most user friendly, and least expensive turnkey
solution for allowing individual subscribers to set up their own ecommerce
web site. You can set it up in four simple steps, and a mere $29.95 per
month covers the entire cost. Within the first edition I offered an exclusive
method for you to experience their technology. This kind of information
gives you a competitive investing edge as an OTC Journal member.
It is estimated approximately 450,000
people make a full time living on eBay. This explains the demand.
More people want to join the party.
Since service began last August,
NeWave
has been come a commercial rocket ship, accelerating from zero customers
to 13,000 monthly paying subscribers at the end of January. The monthly
recurring revenue stream is a significant achievement for a young company.
Thanks to a nationwide advertising campaign, as of the end of January the
company had 60 full time operators handling incoming calls, 4,000 daily
incoming calls, and 250 new paying trial members per day.
The company has not published February
statistics, but I have learned call volume is accelerating.
Since last reporting on NWAV,
the company announced it had entered into an arrangement with VoiceGlow
to offer VOiP services to members. VOiP is red hot right now. VOiP
is the long awaited and much anticipated technology which allows customers
to route their long distance calls over the internet. $3.99 per month gets
you unlimited long distance when calling anyone else on the network. Calls
outside the network run 3.9 cents per minute.
Friday, after the market closed,
NeWave
made an announcement which will no doubt take their public persona to the
next level. In a move akin to Captain Kirk joining Priceline (NASDAQ:
PCLN) during the early days of the dot com revolution, NeWave
revealed former game show host and TV personality Bob Eubanks signed
on to become the national spokesperson for NeWave.
Eubanks has a long resume
going back to LA radio in the early 60's where he worked alongside Wink
Martindale and Casey Kasem. He is most famous for hosting the incredibly
successful "Newly Wed Game", which debuted in 1968. The Newly Wed game
was one of the first game shows to make the jump from daytime TV to Primetime.
A high profile public figure tends
to attract interest and create a certain psychological level of comfort
for subscribers. Eubanks should fill that role for NeWave.
As I stated in the February 15th
edition, it is too early to make any trading level forecast for the stock.
The company came out of nowhere into the public market via a reverse take
over in February, and to date has not been required to file a financial
statement with the SEC. Our first look at the financial health of the company
will come with the March 10Q filing, which must be submitted by mid May.
NWAV's services have clearly
struck a chord with internet aficionados, and the stock is beginning to
have the same effect on investors. I believe the company will grow exponentially
for at least a year. The management of NWAV has proven it can rapidly
acquire a monthly recurring revenue stream by adding subscribers. Customer
retention will become the key to long term success. If you build it, they
will come. If they create cash flow, they will stay.
Until their first SEC filings NWAV
must stay in the high risk category. However, look for higher levels, which
I cannot quantify at this time.
Here is the complete text of Friday's
news release for your review:
| Press Release Source:
NeWave, Inc.
NeWave Signs TV Game
Show Host and Celebrity Personality Bob Eubanks to be National Spokesperson
Friday March 12, 4:05 pm
ET
LONG BEACH, Calif., March
12 /PRNewswire-FirstCall/ -- NeWave Inc. (OTC Bulletin Board: NWAV - News)
announced today that it has signed TV game show host and celebrity personality
Bob Eubanks to a personal services contract. Through his company Luminary
Ventures, Mr. Eubanks will perform promotional and business development
services for NeWave and its wholly-owned subsidiary Onlinesupplier.com.
Michael Hill, NeWave
CEO stated, "With the addition of Bob Eubanks to the NeWave team, we now
have a bona fide PR spokesman to assist us in strengthening the Onlinesupplier
franchise." He added, "Creating brand awareness among the vast pool of
potential new members is a critical component of our marketing strategy.
I believe Bob is the ideal candidate to help us craft our identity."
Bob Eubanks commented,
"I am excited to be joining NeWave and assisting in the continued development
of Onlinesupplier. After initially being presented with the idea, we thoroughly
researched the opportunity and were genuinely impressed with the management
team, the concept behind Onlinesupplier and the rapid growth the Company
has achieved in such a short time span." He added, "I am looking forward
to the challenge of building value through the Onlinesupplier franchise."
About Bob Eubanks
Bob Eubanks started his
broadcasting career as a disc jockey, working at KACY Radio in Oxnard,
California. In 1960, he joined the staff of Los Angeles' popular rock 'n'
roll radio station, KRLA, where he remained for eight years. Eubanks, along
with such other notables as Charlie O'Donnell, Wink Martindale and Casey
Kasem, made the station #1 in Los Angeles and, many felt, in the country.
While a career as a recording
artist eluded him, Eubanks was actively involved in the musical careers
of some very popular recording artists, producing the live concerts for
the Beatles (three years of the band's Southern California concert dates),
The Rolling Stones, Barry Manilow, Elton John and Bob Dylan, among others.
He gained great notoriety while promoting the Beatles concert at the Hollywood
Bowl. It was during the heyday of the 60s that he also launched a string
of nightclubs for young adults called "The Cinnamon Cinder," showcasing
such artists as Stevie Wonder, Ike and Tina Turner, the Beach Boys and
the Supremes, just to name a few.
Chuck Barris Productions
then hired Eubanks to host their new relationship game show, "The Newlywed
Game," which premiered on ABC's daytime schedule on July 11, 1966. The
following January, the show was added to ABC's prime time lineup, where
it would lead the network's drive to prime-time game-show success for five
years. "The Newlywed Game" was ranked among the top three daytime game
shows from October of 1968 through April of 1973, and was among the top
three rated prime-time game shows from October 1966 through April of 1971.
His producer credits include: "The Tony Tennille Show," Buddy Hackett's
"You Bet Your Life," "The Guinness Game" and "Infatuation." Eubanks also
participated in the production of the motion pictures "Payback" and "Forced
To Kill. Each year Eubanks can be seen hosting "The Hollywood Christmas
Parade" with co-host Leeza Gibbons for KTLA-TV, Los Angeles.
About NeWave
NeWave, Inc. through
its wholly-owned subsidiary Onlinesupplier.com offers a comprehensive line
of products and services at wholesale prices through its online club membership.
Additionally, NeWave's technology allows both large complex organizations
and small stand-alone businesses to create, manage, and maintain effective
website solutions for e-commerce. To find out more about NeWave (OTC Bulletin
Board: NWAV - News), visit our websites at www.newave-inc.com or www.onlinesupplier.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.
--------------------------------------------------------------------------------
Source: NeWave, Inc. |
Charts Provided Courtesy
Of TradePortal.com |
