SOURCE: TidalWave Holdings, Inc.

December 07, 2007 12:14 ET

Tidalwave Holdings, Inc. Announces Management Appointment and Additional Information

TALLAHASSEE, FL--(Marketwire - December 7, 2007) - Tidalwave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced that effective immediately, the company has appointed John H. Beebe as its Interim President and Director.

Mr. Beebe, in his capacity as Interim President, will help in the company's search for qualified board members and executive management to oversee the day-to-day operations of Tidalwave Holdings. Mr. Beebe may elect to remain on the board of directors subsequent to the selection of a new management team.

Recently, Tidalwave Holdings announced a proposed 5-for-1 forward stock split. It is anticipated that as a result of the stock split and equity financings, the common outstanding shares and publicly 'floating' shares of the company will increase. However, the company also believes that the potential asset, revenue, and income potential created from financing activities should provide long-term value to common shareholders.

The company will provide further updates on the status of future management appointments and acquisitions as they become available.

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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