NWAV ..finally news out,
holding chunk of NWAV.
NuWave (OTC BB: NWAV); Setting A Blistering Growth Pace
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.
NeWave Attains the 40,000 Member Mark- Goods Moving Briskly
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.
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Source: NeWave, Inc
