NeWave Partners With Payment Data Systems in Attempt to Recover Over $375,000 in Unrealized Revenue LONG BEACH, Calif., March 3 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC:NWWV) (BULLETIN BOARD: NWWV) , today announced the signing of a one-year renewable agreement with integrated payments solution provider Payment Data Systems, Inc. (PDS) (OTC:PYDS) (BULLETIN BOARD: PYDS) . NeWave will be utilizing the following PDS solutions for its wholly-owned subsidiary Onlinesupplier.com; (i) IPS*CSRView, a web based application which allows Onlinesupplier customer service representatives to accept and enter ACH or payments taken from customers via telephone and (ii) IPS*Re-Debit Express, a process for handling and recovering NSF checks via electronic transaction resubmissions Payment Data Systems President and COO Louis Hoch, stated, "We estimate that our services will recover over $375,000 in unrealized revenue for NeWave during the term of our agreement. The recovery will come via PDS's unique reprocessing service for NSF checks whereby PDS electronically reprocesses the payments on the consumers' payday or other control date and receives preference on funding over traditional check drafts. We are very pleased to have been selected by NeWave to provide the vehicle for the electronic payment solutions component in this very innovative approach to eCommerce." He added, "We anticipate an approximate recovery rate of 80% which would also translate into about $360,000 in revenue for PDS over the one year term." NeWave CEO Michael Hill commented, "Unfortunately, like any high volume business we experience our share of NSF checks and chargebacks for services which had been rendered. Based on our current conditions, we are expecting to collect approximately $375,000 in unrealized revenue. That number would represent an increase of over 5% of our total annualized sales without any cost to NeWave." He added, "After completing our due diligence, we chose the solutions offered by Payment Data Systems as our preferred method of collections and are looking forward to a rewarding relationship." About Payment Data Systems, Inc. Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR). Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, electronic lockbox and returned check services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location. Payment Data is the owner of the electronic bill payment portal, http://www.bills.com/. Bills.com has the ability to transmit electronic payments to thousands of national billers. For additional information, visit http://www.paymentdata.com/. About NeWave, Inc. NeWave is a direct marketing company that utilizes the internet to maximize the income potential of its customers by offering a fully integrated turnkey ecommerce solution. NeWave subsidiary Onlinesupplier.com, offers a comprehensive line of products and services at wholesale prices through its online club membership. Auction Liquidator, a NeWave subsidiary is an online portal which provides customers with a quick and efficient method for selling unwanted items on eBay and other online auction sites. To find out more about NeWave (OTC:NWWV) (BULLETIN BOARD: NWWV) , visit our websites at http://www.newave-inc.com/, http://www.onlinesupplier.com/ and http://www.auctionliquidator.com/. The Company's public financial information and filings can be viewed at http://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. Contact: Michael Novielli, Chairman of the Board, NeWave, Inc. (845)575-6770 or: Michael Long, Investor Relations, Payment Data Systems, Inc. (210)249-4040 or via email at . DATASOURCE: NeWave, Inc. CONTACT: Michael Novielli, Chairman of the Board of NeWave, Inc., +1-845-575-6770, ; or Michael Long, Investor Relations of Payment Data Systems, Inc., +1-210-249-4040, Web site: http://www.onlinesupplier.com/ Web site: http://www.bills.com/ Web site: http://www.paymentdata.com/ Web site: http://www.auctionliquidator.com/ Web site: http://www.newave-inc.com/

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