SOURCE: New Wave Holdings, Inc.

New Wave Holdings, Inc.

New Wave Holdings, Inc.

November 05, 2015 09:45 ET

New Wave Holdings, Inc. Receives Bank, Network Approval for SchoolFuel™ Debit Card Program

FORT WAYNE, IN--(Marketwired - Nov 5, 2015) - New Wave Holdings, Inc. (OTC: NWAV), an electronic payment services and solutions company with a focus in developing innovative prepaid programs, is thrilled to announce it has received Issuing bank approval for its SchoolFuel GPR debit card program.

The SchoolFuel program has also been officially approved by a major network (V, MC, AMEX, Discover) and intends to revolutionize fundraising for schools, churches and club sports. Details regarding Network and Issuing bank will be announced once proper permissions are received.

SchoolFuel is New Wave's inaugural program which consists of a GPR debit card that streamlines current scrip programs by providing parents and faculty with a Network Co-Branded Prepaid Reloadable Debit Card, allowing a donation to be effected with each and every swipe of the card, regardless of where it is used.

The program is described as "scrip on steroids", and streamlines existing scrip provider platforms that, over the past 20 years, have seen over $9 billion in retail sales and more than half a billion dollars donated to non-profit organizations. The SchoolFuel card will also provide retailer discounts and value-added benefits to its cardholders, making it a one-of-a-kind tool.

As well, SchoolFuel's program managing partner, FirstView Financial, has stated that the card will be launched and available to distribute in the next 10-14 weeks.

In the meantime, SchoolFuel will launch its website and work to secure participating retailers for the program. "This will be an ongoing initiative for SchoolFuel. The more retailers that can be secured, the more powerful the program," states NWAV Chairman and SchoolFuel co-founder, Mark B. Newbauer.

"This is a dream come true," he continues. "This program is the result of years of hard work, creativity and persistence and we finally have it approved as it was meant to be. Execution is everything and we intend to proceed diligently and enthusiastically to cultivate this program as a powerful staple in the world of fundraising."

Finally, the Outstanding Share count as reported on OTC Markets remains unchanged and New Wave has committed to keeping the OS locked through at least EOY 2015.

New Wave Holdings has launched its new corporate website for investors -- New Wave Holdings, Inc.'s Official Website now features program information, team bios, investor links, press releases and social media all in one convenient location.

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New Wave Holdings is a Holding Company focused in electronic payment services and solutions with a focus in bringing innovative prepaid programs to market. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.

SchoolFuel, LLC is a Company dedicated to innovative fundraising solutions for schools, universities, club teams, churches and more! Its inaugural program is a General Purpose Reloadable Debit Card which uses a patent-pending process to effect donations for consumer chosen non-profits.

FirstView Financial is a leading provider of financial, mobile and payment technology solutions. FirstView provides innovative payment solutions to help companies create new revenue streams, reduce cost, increase security and improve efficiency. Over the last decade FirstView has been delivering prepaid program management and processing services supporting a diverse array of prepaid card solutions. FirstView Mobile payment solutions allow companies to capitalize on the dramatic shift to mobile payments.

With decades of payment management experience, FirstView excels at innovation in the high-growth electronic, prepaid and mobile payment markets. FirstView provides turnkey prepaid debit card program solutions enabling clients to enjoy all the benefits of operating a fully custom prepaid program, without the compliance, risk management, overhead and operational burdens associated with entering the program management business directly. FirstView was recently honored with two prestigious 2014 and two 2015 Paybefore prepaid Industry Achievement Awards, including the award for our core business of white labeling prepaid programs. FirstView was recently honored with two prestigious 2014 PayBefore prepaid Industry Achievement Awards. Providing innovative payment solutions since 2005, the company is headquartered in Atlanta, GA.

Forward-Looking Statements Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.

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