Newsletter

June 20, 2005

Volume VI, Issue 58

Home Page : www.otcjournal.com
Email Questions or Comments To: editor@otcjournal.com

To OTC Journal Members:

Newave (OTC BB: NWWV) Becoming Tsunami Wave

The wave at Newave just keeps getting bigger. I believe the stock is going to have a strong week. Prior to today's open, NWWV announced the formation of a new component to their AuctionLiquidator division. This division is an "eBay Drop Off Service". You can send your stuff to them, and they will liquidate it on eBay for you for a reasonable fee. Despite being in its infancy, this division has already completed over 2,000 successful eBay auctions.

This morning before the open, NWWV announced a new component of the AuctionLiquidators division. AuctionLiquidator has partnered with leading memorabilia and collectibles provider, Las Vegas based ‘Art of Music’. National NWWV spokesman Bob Eubanks has put together a major coup for the company. Art of Music will provide the ‘Bob Eubanks Charity of Choice’ eBay Store with memorabilia, historical artifacts and other high profile collectibles to be auctioned and sold through AuctionLiquidator. Net proceeds will be distributed to a newly designated charity or non-profit organization every month.

The items auctioned will benefit a charity each month. There are already several high profile items slated for auction. The press release states the following are already slated for auction:

A book authored by George Washington and autographed by Abraham Lincoln
An original Dow Jones ticker machine
Muhammed Ali’s boxing gloves
Film reel autographed by the cast of ‘The Godfather’ including Marlon Brando
Hats autographed by Marilyn Monroe, Frank Sinatra and Princess Di
Guitars autographed by members of the Beatles, Rolling Stones, Elton John and U2

These high profile items auction items could bring significant media attention to NWWV, which is exactly what the stock needs. In order to maximize the auction price on behalf of the charities, Eubanks will be putting some effort into making sure this public knows. This could become great fodder for the talk show circuit.

As you can see from this very short term chart, NWWV has been a bit schizophrenic, but trying for higher ground lately. In Mid May the stock made a nice run from about $1.45 to $1.80, only to be repelled.

However, average daily volume has been quietly increasing of late, and sooner or later this stock is due to break out.

A break above the $1.85 level of May would bring $2 into the cross hairs and put the stock at a new all time high. This would be no small feat in this low volume market environment.

However, coming off the first $1 million month in April, the stock probably deserves some respect and higher levels.

Later this summer NWWV's nationwide roll out of their infomercial will begin, and this should bring even more attention to the company and ratchet sales up considerably.

In a fairly anemic market, this is one company that has a lot of high profile components in the pipeline including significant fundamental growth. Look for NWWV to be the next breakout stock for OTC Journal members.

Here is the complete text of today's news for your review:

NeWave’s AuctionLiquidator Partners With Memorabilia Provider ‘Art of Music’

Long Beach, CA – Jun 20 / PR Newswire / NeWave, Inc. (OTC Bulletin Board NWWV - News) a leading online auction and e-commerce solutions provider, announced today that its wholly-owned subsidiary AuctionLiquidator has partnered with leading memorabilia and collectibles provider, Las Vegas based ‘Art of Music’. Under terms of the Agreement, Art of Music will provide the ‘Bob Eubanks Charity of Choice’ eBay Store with memorabilia, historical artifacts and other high profile collectibles to be auctioned and sold through AuctionLiquidator. Net proceeds will be distributed to a newly designated charity or non-profit organization every month.

Some of the items initially scheduled for auction include; a book authored by George Washington and autographed by Abraham Lincoln, an original Dow Jones ticker machine, Muhammed Ali’s boxing gloves, film reel autographed by the cast of ‘The Godfather’ including Marlon Brando, hats autographed by Marilyn Monroe, Frank Sinatra and Princess Di and guitars autographed by members of the Beatles, Rolling Stones, Elton John and U2.

Art of Music Managing Partner, Keith Veltre stated, "Art of Music is pleased to partner with online innovator AuctionLiquidator and entertainment icon Bob Eubanks in their commitment to provide the public a unique buying opportunity, while helping worthwhile charities. Products offered will be the best Art of Music has to offer, one of a kind, contemporary and vintage collectables. All items have been authenticated and come with Art of Music’s Certificate of Authenticity.”

AuctionLiquidator VP Christa Frankos added, “In establishing AuctionLiquidator as the online auction provider of choice, we are continuing to build relationships with content providers such as Art of Music. We believe their ability to procure rare and valuable collectibles is an important element for us to continue building traffic through AuctionLiquidator. The ability to sell interesting and unique inventory is a competitive advantage we will strive to maintain and we look forward to a great relationship with the Art of Music team.”

About Art of Music

Art of Music founded in 2000, maintains retail locations at the Aladdin Hotel in Las Vegas and on Front Street in Lahaina, Maui, HI. Since inception, it has offered the collecting public the largest selection of unique, rare and valuable memorabilia. Some of the items previously sold by the Art of Music include a stage used guitar owned and played by Jimi Hendrix, a Lou Gehrig game worn jersey, a John Lennon stage used guitar and even the Santa costume worn in the movie “Miracle on 34th Street”. While operating retail venues for the collecting public, it has also become the largest and most sought after behind the scenes partner in the world of charitable auctions and events. Art of Music gives back to the global community by facilitating and supplying product for auctions benefiting national and international charities.

About NeWave, Inc.

NeWave, is a leading online auction and e-commerce solutions provider which utilizes the internet to maximize profits and savings for it's customers through its three subsidiaries; AuctionLiquidator OnlineSupplier.com and Discount Online Warehouse.
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.
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.
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 (OTCBB: NWWV), 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 (845)575-6770

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