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NuWave (OTC
BB: NWAV); Setting A Blistering Growth Pace |
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Investor's Business Daily published
an article entitled "EBay Provides A Way For Any Entrepreneur To
Begin A Business" in their March 23, 2004 edition.
Within the article, author Peter
Barlas points out 430,000 small businesses operate on EBay,
up from 150,000 in mid 2002. That's 186% growth over 24 months.
EBay is the number one online auction site, bringing buyers and sellers
of all kinds of goods together in one giant virtual marketplace.
Evidence is building supporting the
extraordinary growth of virtual home businesses. The Democrats have been
relentlessly flogging the lack of job growth in the economy. They blame
outsourcing, more kindly known as globalization, for the loss of jobs.
Republicans have been quick to point
out the statistics are skewed by the phenomenal growth of the underground
economy in virtual home businesses. Their case is supported by the small
number of new jobless claims. Jobs are going overseas, but few are joining
the unemployment ranks. If they are gainfully self employed at home, the
Labor Department has no way of adding them to the job roles.
In the IBD article mentioned above,
the author sites Richard Crouse, an IBM engineer with 21 years of experience
who was down sized. He is now a small business operator on EBay.
EBay provides the giant virtual
mall, but does not build you a store within the mall. You have to figure
out how to build it on your own.
NeWave is in the business
of providing a simple turn key solution to help you build you your own
store, and provide you with inventory to stock it. As we learned from the
news which came out after the market closed today,
NeWave is riding
this extraordinary tidal wave of growth.
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NeWave
Attains the 40,000 Member Mark- Goods Moving Briskly |
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Since giving OTC Journal members
a "first look" at NeWave in the February
15th edition, the stock has been an outstanding performer. It closed
at $2.75 that day, reopened at $2.80, and found its way to just north of
$4
one month later for a net 35% gain in one month.
Based on today's news, it would seem
this is just the beginning. After the market closed today, we learned NeWave
has eclipsed the 40,000 member market, up from 25,000 when
we first reported on the company in mid February. The number has grown
60% from our first report in mid February.
NeWave offers a service badly
needed by those interested in setting up their own online store. 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. If you want to see a demo, simply
click
here, and use demo@demo as your email, and demo
as your password.
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.
As you can see from the chart, the
stock has not given much ground. It was a straight line up until this past
week when it finally took a low volume breather, giving back about $.25
of its $1.25 gain over the past month.
I don't believe this stock is going
to cooperate if your are looking for a 50% retracement. There is too little
supply. The stock has pulled back on less than 10,000 shares per day. Today's
press release has the potential to send the stock on to new highs. The
March quarterly financial filing should demonstrate an extremely high growth
rate.
Our mission at the OTC Journal
is to find microcap ideas with outstanding upside potential, and position
our members in the stocks before the rest of the investment community realizes
what's happening. In the last six months we have achieved that mission
with seven different ideas: IRSN, VTSI, HYPD, NWIS, CADA, ERES, and
TREE. It takes some time, but if history repeats itself it is well
worth the wait. In fairness, I should mention that over the same time frame
there have been some losers, which you need to learn to accept in the risk
end of the market. Hence the need for a stop loss which you should set
based on your own personal risk tolerance.
NWAV fits the mold perfectly.
If they can manage their explosive growth, other investors will realize
the potential and jump on the bandwagon. Your opportunity to accumulate
is now.
Here is the complete text of today's
news release for your review:
| Press Release Source: NeWave, Inc.
NeWave Subsidiary
Onlinesupplier.com Surpasses 40,000 Member Milestone
Tuesday March 30, 4:32
pm ET
LONG BEACH, Calif., March
30 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC Bulletin Board: NWAV - News)
announced today that its wholly-owned subsidiary Onlinesupplier.com has
surpassed 40,000 total members serviced since inception.
NeWave CEO Michael Hill
stated, "We have made significant progress over the past six months in
developing our business. Our recently announced partnerships as well as
the launch of our liquidation segment, has brought considerable value to
our membership. The expansion of our inventory includes hot selling items
such as the XBOX Bundle, iPods, Linksys wireless routers and Panasonic
DVD players." He added, "Furthermore, the addition of celebrity personality
Bob Eubanks to our team as our national spokesman, has certainly raised
our profile. We are confident that we can continue to build on this progress."
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 membership
club. 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 website 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 |
