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NeWave (OTC
BB: NWAV) Rides Wave of Prosperity |
|
The picture is increasingly favorable
for NeWave shareholders as the company continues to paint a picture
of explosive growth. When March quarterly numbers come out in mid May,
I'm looking for substantial quarter over quarter revenue growth. Rapid
growth, which should be confirmed by March's numbers, is being priced into
the stock today.
NeWave offers a service badly
needed by those interested in setting up their own online business. Through
wholly owned subsidiary www.onlinesupplier.com,
members are provided with a turnkey online solution for setting up a web
site for selling goods. $29.95 per month gets you the whole solution, and
it can be set up in four easy steps.
Past editions have focused on the
growth of the monthly subscriber base. At last count, the company had attained
the 40,000 registered member mark, up from 25,000 at the end of February.
The company also provides goods and
services for members to market and sell through their online store. In
recent months the company has made considerable progress in the quantity
and quality of its offerings. Apparently, XBOX Bundle, iPods, Linksys wireless
routers and Panasonic DVD players are selling well.
In addition to the minimal monthly
service charge and the margin on goods sold by its members, NeWave
also offers value added services which help consumers get discounts on
universally required goods and services, such as Roadside Assistance, Healthcare,
Legal and Accounting, etc. Like all well managed companies, NeWave
understands how to leverage their core asset to create more value for their
members at the same time.
When the company got rolling last
August 2,000 members took advantage of the enhanced or "add on" products.
As disclosed in the press release today, in the month of March alone NeWave
processed 14,000 upsell orders from the member base. This represents
a 600% increase in monthly upsells over the eight months of operations.
The company did not disclose a revenue number associated with this huge
increase, so we will have to wait for the March quarterly numbers for the
whole picture.
As you can see from the chart, the
uptrend has continued with just a couple of spikes and pullbacks to the
trendline. Both the company and the market are confirming exciting growth.
Although many have asked, I cannot
provide an upside price target until I get a chance to review the March
10Q filing. NeWave became public in mid February through an RTO
(reverse takeover). Therefore, the March quarterly financials will represent
the first hard data in SEC filings.
However, since making the jump into
the public arena, the company has disclosed several epiphanal events, including
achieving
the 40,000 registered member mark, teaming up with Bob Eubanks to be the
company's nationwide spokesperson, and today's announcement of 14,000 upsells
in the month of March alone.
My guess is higher, I just can't
say how high. Look for higher daily volumes and higher prices as more people
learn about this company.
 |
Update
on NuTech Digital (OTC BB: NTDL) |
 |
I published a comprehensive overview
of NuTech's business model over the weekend, and the stock opened
on Monday just above $.90. Since then, it has dropped into the $.75 range
inexplicably.
Mid morning on Monday I learned the
reason. NuTech's registration statement of the shares underlying
this year's $2.2 million financing was declared effective by the SEC last
Friday. The funding was priced early in the year when the stock was trading
in the $.65 range. 5.5 million shares with a cost basis of $.40 became
free trading on Monday, which explains the temporary excess supply.
If the company continues on its current
path, this short term weakness will end up being a buying opportunity.
Here is the complete text of today's
press release from NuWave:
| Press Release Source:
NeWave, Inc.
NeWave Subsidiary
Onlinesupplier Increases Upsell Service Orders by 600%
Tuesday April 13, 4:05
pm ET
LONG BEACH, Calif., April
13 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC Bulletin Board NWAV) announced
today that its wholly-owned subsidiary Onlinesupplier.com has increased
its upsell service orders by approximately 600% since August of 2003.
NeWave CEO Michael Hill
stated, "Since August 2003, we've increased monthly upsell orders from
approximately 2,000 per month to almost 14,000 upsell orders processed
in the month of March 2004. Clearly our members our enjoying the benefits
of Online's service programs and the results are beginning prove that out."
Onlinesupplier offers
its paid members access to some of the following services for an additional
monthly fee:
* Roadside Assistance -- Offers roadside emergency assistance
* Family Health Network -- Offers discounts on prescriptions, visits,
and other general healthcare.
* US Tax Club -- Offers discounted professional tax advice, questions,
and 1st year tax filing.
* Simple Escapes -- Offers savings on recreational activities such
as
movies, dining, recreation and weekend getaways.
* Connections -- Offers members significant savings on entertainment
benefits, including, music, toys, books, games, theme park admissions.
* Privacy Plus -- Provides members easy access to their credit file,
medical information, driving record and Social Security earnings so
they can ensure that their personal information is accurate and up to
date.
* BusinessMax -- Offers members savings on a broad range of small
office
and home office supplies and services, including purchases, employee
benefits, corporate services, professional development and sales
tools.
* ValueMax -- Offers members savings from nationally-acclaimed retailers
on a broad range of products and services, including shopping, travel,
health, auto, home, and personal finances.
About NeWave, Inc.
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 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 |
