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yes I see that, but myself not being to keen on reading charts Im hoping to get some info on the resistence points, any help would be appreciated thanks.
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this is starting a major up trend. MACD look good candle sticks are on fire. ADX shows signs of reversal. I say it hits .74 by mid next week if not before
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NeWave's 'onlinesupplier.com' Announces Record New Memberships in December & 3rd Sequential Month Positive Operating Income Thursday January 5, 7:04 am ET
GOLETA, Calif., Jan. 5 /PRNewswire-FirstCall/ -- NeWave, Inc. (OTC Bulletin Board: NWWV - News) today announced that its wholly-owned subsidiary onlinesupplier.com enrolled a monthly record of 12,990 new members and also posted its third consecutive month of positive operating income in December. NeWave CEO Michael Hill stated, "I am extremely pleased to report on what is our continued significant forward progress. Our web-based enrollment program has so far proven to be a homerun. Our newly enrolled members via the internet increased 30% from November to December and current recurring memberships increased by 46%. Additionally, for the third consecutive month, onlinesupplier.com as an operating subsidiary has posted positive operating income."
He added, "We've recently requested some patience of our shareholders and believe we are now entering a period which I believe will prove to be extremely rewarding. Now that our core business onlinesupplier.com is showing steady and marked improvement, our primary goal in 2006 will be to continue to grow our top line revenue and achieve overall corporate profitability."
Consumer spending online reached $18.1 billion in November and December, a 25 percent increase over 2004, according to the research firm ComScore Networks. Nielsen/NetRatings, another research firm, said Web purchases totaled $30.1 billion in the period, an increase of 30 percent. Unlike ComScore, Nielsen includes spending at online auction sites like eBay, accounting for its higher figure.
About NeWave, Inc.
Through its websites 'onlinesupplier.com' and 'buydiscount.com', NeWave provides ecommerce solutions and thousands of high value products at significant savings to its online loyalty club customers and members.
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.
-------------------------------------------------------------------------------- Source: NeWave, Inc.
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