Wall Street News Alert -- Speculative Stocks to Watch! April 22, 2004, Part 2


WESTON, Fla., April 22, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: NeWave, Inc. (OTCBB:NWAV), J2 Global Communications (Nasdaq:JCOM), StockerYale Inc. (Nasdaq:STKR) and Forward Industries Inc. (Nasdaq:FORD).

Aggressive investors are sure to be watching NeWave, Inc. (OTCBB:NWAV) this morning! Yesterday after the markets closed, the company issued a press release announcing an expansion of operations, 50,000 members serviced and plans for a 30% increase in its workforce!

This could indicate the direction of the company and be huge news for investors! The expansion, by relocating the operations of its wholly-owned subsidiary Onlinesupplier to a 16,000 square feet location, will more than triple the size of Onlinesupplier's current facility and will enable the Company to accommodate its rapid growth.

Keep your eyes on this company! 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 also announced it has surpassed 50,000 paid members serviced and that the relocation in Goleta, CA is expected to be complete by June 1, 2004.

The stock closed yesterday at $3.70 a share.

In case you are not familiar with the company: 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.

Stocks showing interesting activity yesterday were: J2 Global Communications (Nasdaq:JCOM) up .84% on 2.1 million shares traded, StockerYale Inc. (Nasdaq:STKR) down 15.2% on 5.2 million shares traded and Forward Industries Inc. (Nasdaq:FORD) up 42.9% on 3.7 million shares traded.

Commentary:

"Federal Reserve Chairman Alan Greenspan finished his 2 day meeting with Congress Wednesday. His comments to the banking committee included banks 'managing interest rate exposure; banks being hurt by rising rates; customers need for credit and financial services; and banks adjusting balance sheets to meet higher interest rates.' Analysts will be dissecting these words and others for several days. The FOMC will meet in two weeks," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated seventeen thousand and five hundred dollars for coverage of NeWave, Inc. (OTCBB:NWAV), by the company, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.



            

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