NEW ORLEANS, March 2, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders who purchased, exchanged or otherwise acquired the common stock of Powerwave Technologies, Inc. ("Powerwave" or the "Company") (Nasdaq:PWAV) between May 2, 2005 and October 9, 2006 (the "Class Period") have only 31 days left to move for appointment as lead plaintiff in KGS' securities fraud class action lawsuit currently pending in the United States District Court for the Central District of California, Southern Division. No class has yet been certified in this action.
Shareholders who wish to serve as a lead plaintiff must act by April 2, 2007.
If you acquired shares of Powerwave between May 2, 2005 and October 9, 2006, and if you want to discuss your legal rights and what it means to be a lead plaintiff, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit www.kgscounsel.com.
SPECIAL NOTICE: While federal law does not prohibit other lawyers from "announcing" KGS' class action through the issuance of other press releases, KGS is the law firm that researched, investigated, drafted and filed the initial securities fraud case against Powerwave. If you are a Powerwave shareholder who decides to contact one of these lawyers, KGS reminds you to fully interview any such lawyer to assure that they thoroughly understand the facts surrounding the claims KGS has filed in Court.