CASH COW

[WANG]

Good morning all...NWAV,news out yesterday after market closed.
I'm still holding.

http://biz.yahoo.com/prnews/040421/law104_1.html
Press Release Source: NeWave, Inc.


NeWave Expands Operations; Hits 50,000 Members Serviced & Plans 30% Increase in Workforce
Wednesday April 21, 4:07 pm ET


LONG BEACH, Calif., April 21 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC Bulletin Board: NWAV - News) announced today its expansion by relocating the operations of its wholly-owned subsidiary Onlinesupplier. At 16,000 square feet, the new location will more than triple the size of Onlinesupplier's current facility and will enable the Company to accommodate its rapid growth. Additionally, Onlinesupplier announced it has surpassed 50,000 paid members serviced.
NeWave CEO Michael Hill stated, "The expansion and relocation to our new facility will allow us to hire approximately fifty new account reps within the next thirty days, to effectively manage the consumer response." He added, "As previously announced, we've experienced a 600% surge in upsell orders since August. In March alone we referred approximately 1,500 new customers to PayPal, our first month as a member of its Merchant Referral Program."

Onlinesupplier is expected to complete its relocation in Goleta, CA by June 1, 2004.

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 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.

For further information, please contact Michael Novielli, Chairman of NeWave, Inc., [phone], [e-mail]; or Malcom McGuire of CCRI Financial Group, [phone], for NeWave, Inc.




--------------------------------------------------------------------------------
Source: NeWave, Inc.