Could you just imagine, after reading what happened to Wagerphone, what would have happened to the PPS if they never made a pretty statement, such as what is bold?:
TORONTO, Dec. 6 /PRNewswire-FirstCall/ - New Wave Media Inc. NWWV has completed the acquisition related to the merger of Playstar Corporation, PLYCF and as a result the Playstar shareholders of record as of November 30, 2007 will receive on a one for one basis shares of New Wave Media Inc.. This share exchange will be administered by New Wave's transfer agent Transfer Online Inc. who will notify NASDAQ. The shareholders of Playstar will receive their shares of New Wave imminently.
The Company would like to disclose that due to the inability of the Company to continue to fund the operations of its Wagerphone subsidiary, it has been negotiated that the Wagerphone business will be operated and funded as a separate entity and that New Wave will retain an interest in this entity effective November 30, 2007. As a result, New Wave has cancelled its shares in Wagerphone in exchange for a pre determined amount of shares issued by Wagerphone to New Wave. The Company will provide an update on Wagerphone's developments shortly along with our percentage holding.
The Company will provide an update on its new corporate structure including announcing a new CEO as well as some new additions to its Board of Directors in the next few weeks.
The Company is currently completing the necessary audits in order to get listed on the OTCBB.
The Company will announce over the next few weeks the new and exciting corporate developments that have occurred during the last few months. We believe that this new corporate strategy will provide the new and existing shareholders of New Wave the value that they have been patiently waiting for
As a result of the merger with Playstar, the Company now has 117,000,000 free trading. The Company will soon be filing an SB4 in order to free up the 100,000,000 shares that were exchanged with the Playstar shareholders. The total combined after merged shares are 217,000,000. The transfer agent is Transfer Online of Portland, Oregon.
AI
