SOURCE: TidalWave Holdings, Inc.

January 11, 2008 09:20 ET

TidalWave Holdings, Inc. Announces Cancellation of Over 50% of the Common Outstanding Shares

TALLAHASSEE, FL--(Marketwire - January 11, 2008) - TidalWave Holdings, Inc. (PINKSHEETS: TDWV) today announced that the Company, working with its transfer agent, has cancelled approximately 600,000,000 common shares that were previously reported as outstanding.

The share cancellation represents a reduction of the outstanding shares by over 50%, and as a result of the cancellation the company is advised there are approximately 490,000,000 common shares issued and outstanding as of today. This action does not impact or modify the previously announced share consolidation, planned reduction in the authorized common shares, and future restricted preferred stock dividend for common shareholders.

Shareholders wishing to confirm the cancellation may contact PacWest Transfer, LLC at (509) 926-2330.

Safe Harbor for Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.

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