SOURCE: New Wave Holdings, Inc.

New Wave Holdings, Inc.

January 28, 2016 09:30 ET

New Wave Holdings, Inc.'s SchoolFuel™ Announces Expedited Path to Revenues With E-Commerce Platform for Non-Profits Everywhere

FORT WAYNE, IN--(Marketwired - Jan 28, 2016) - New Wave Holdings, Inc. (OTC PINK: NWAV), an electronic #payment services and solutions company, announces today that SchoolFuel, a wholly owned subsidiary devoted to profitable fundraising programs and technology, is launching a branded mobile/online platform for web, iOS and Android, that provides organizations with a customized shopping portal for their supporters with over 300 million products from thousands of retailers including Sears, Macy's, Kohl's, Amazon.com, Office Max, PetCo, Target and more. 

A percentage of every purchase (between 1% and 40%) goes directly to the organization and the application features a 'Deals' section with valuable coupons, offers and additional rebates for users. The technology also allows SchoolFuel to add local retailers in each market to the platform, allowing for access to a wider, more loyal customer base and additional income streams for SchoolFuel. 

"This will be impactful, without a doubt," states SchoolFuel co-founder Mark B. Newbauer. "Shareholders and Management have been through a lot on our journey to identify, implement and launch the best possible program for non-profits in the form of socially responsible profits for the Company. This is it. We are making sacrifices each and every day to see this through and we've missed the mark on managed expectations in terms of timeframes, but we are confident this new development will far exceed income potential generated by the card alone and, further, shorten the distance and entry to market for us with just about any non-profit out there."

Co-Founder Steve Devine states, "We are partnering with a company that will provide the backend technology in a white-labeled interface designed specifically for SchoolFuel customers including schools, churches, club sports and just about any non-profit organization based in the U.S. This will not interfere with delivery and launch of the SchoolFuel debit card component and, further, the two will most likely complement each other in a big way."

"We will offer the platform at no cost to non-profits and earn a percentage of each and every purchase toward attractive revenue potential while at the same time providing organizations with what is hands-down the easiest way to raise the most amount of money without changing habits or budgets of the end-user supporting the organization." 

Please click here to watch a video describing the engine supporting the new platform and simply imagine the cash-back rewards as donations directly to your organization. 

Consumer benefits include

  • Automatically earn rewards for what consumers are already doing today, shopping from the same stores that they know, love, and trust. NO CHANGE IN BEHAVIOR!
  • Best experience in online shopping & rewards
  • Easy, fun and smart to get more for dollars spent

In addition, SchoolFuel will own the program, along with its user data, cultivating what management feels could result in a lucrative buyout candidate in the next 5 years, all the while providing cash-flows and revenues to New Wave.

Newbauer adds, "As well, the SchoolFuel debit card program is underway and once we are notified that production is completed on the cards, we will announce accordingly. To the benefit of shareholders, we will be focusing on the new platform as top priority as it will provide all involved with low entry to market, minimal capital outlay and the path of least resistance to revenues and cash flows to the company, after which it will initiate steps to uplist to OTCQB."

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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! It's inaugural programs include an e-commerce cash-back platform and a General Purpose Reloadable Debit Card which uses a patent-pending process to effect donations for consumer chosen non-profits.

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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