NWAV...news out after market closed...
I'm still holding.
Press Release Source: NeWave, Inc.
NeWave Creates Discount Online Warehouse Subsidiary to Manage Institutional Orders
Thursday April 29, 4:16 pm ET
LONG BEACH, Calif., April 29 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC Bulletin Board: NWAV - News) announced today that it has created a new subsidiary Discount Online Warehouse ("DOW") to manage institutional orders with larger bulk volumes and different distribution channels than affiliate subsidiary Onlinesuppllier.
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NeWave CEO Michael Hill stated, "Resulting from our recent success with Onlinesupplier, and in response to demand from traditional liquidators and salvage suppliers, we've established Discount Online Warehouse. Voluminous orders for premium specialty or promotional items and incentive products will be channeled through Discount Online Warehouse." He added, "In many instances, inventories for DOW will be fulfilled directly from the manufacturer's overstock, making bulk sales to liquidators, extremely price competitive. We look forward to this new challenge and a potentially significant additional revenue stream."
Discount Online Warehouse is expected to be fully operational by July 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 (OTCBB: 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.
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Source: NeWave, Inc.
