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NEW WAVE MOBILE INC (U-NWWM) - News Release New Wave Mobile to acquire 100% of Wagerphone Inc.
2006-11-22 09:40 ET - News Release
NEW YORK, Nov. 22 /PRNewswire-FirstCall/ - New Wave Mobile Inc -NWWM- is pleased to announce its letter of intent to acquire 100% of WagerPhone Inc. -WP- (www.wagerphone.com) in exchange for 115 million restricted shares and $500k USD initial funding for the launch of its lottery initiatives.
WP combines two of the most influential innovations of modern time: the Internet and Cellular phones. These devices, coupled with the increased demand for regulated gaming such as National / State Lotteries, has resulted in a rapidly emerging extremely lucrative multi billion dollar market opportunity.
Through the aggregation of leading technologies, WP creates a unique and robust convergence of multimedia positioned to provide Lotteries with extensible channels of sales and distribution. Working in conjunction with regulated gaming associations, our Next Generation Lottery Solutions enhance existing operations by extending their reach from traditional / limited methods of play to modern and exciting new offerings. It is through WP's solutions that consumers will have the ability to purchase lottery tickets, play scratch cards, enjoy casino games and even place a sports wager from the palm of their hand making regulated play more convenient and accessible than ever before.
WP's solutions allow consumers to turn any spare minute into an inexpensive and non-time-consuming a chance to play through the utilization of SMS, J2ME, Brew, WAP, Interactive Voice Recognition (IVR), and Online technologies. Accordingly, WP's value proposition is that lotteries will sell more tickets, reach new demographics and decrease their operational costs while people will have the ability to play any game, any time, anywhere.
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in B-Teller, Inc. reports that will be on file with the US Securities and Exchange Commission.
tried to bail at .03 but could not sell... daily chart ... showing improvement... I will try yo unload on the next rise if any....LOL Cant win them all..........
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OK, this is former CGCC New name and 10:1 F/S effective today... PPS should be .037
If they are able to distribute new shares - this is going to double zeros, otherwise - shortage!
Congo changes name to 'New Wave Mobile Inc.' and announces 10 for 1 forward split with new symbol 'NWWM' - effective at opening tomorrow TORONTO, Nov. 21 /PRNewswire-FirstCall/ - Congo Crest Mineral Corp (CGCC-OTC PK) is pleased to announce the cancellation of the LOI to acquire 100% of Pan African Mining. We are also pleased to announce the change of the name of the corporation to New Wave Mobile Inc., which includes with it a forward split for 10 to 1 with the new symbol NWWM.
New Wave Mobile Inc. will be seeking to enter a new business area and will be updating shareholders shortly on its first acquisition in the wagering field, utilizing the newest technologies in the marketplace.
This press release contains 'forward looking' statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in B-Teller, Inc. reports that will be on file with the US Securities and Exchange Commission.
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