SOURCE: New Wave Holdings, Inc.

New Wave Holdings, Inc.

New Wave Holdings, Inc.

September 23, 2015 10:10 ET

New Wave Holdings, Inc.'s SchoolFuel Submits Due Diligence Documentation to Issuing Bank Toward Final Approval

LAS VEGAS, NV--(Marketwired - Sep 23, 2015) - New Wave Holdings, Inc. (OTC: NWAV) announces today that SchoolFuel's program manager, FirstView Financial, has reviewed and submitted due diligence to its issuing bank toward final approval to launch the SchoolFuel program."

"We are thrilled to have a partner in FirstView Financial. This is a crucial stage in our process to launch and with thanks to FirstView, we have accomplished more for SchoolFuel in the last month than we have in the past year without them. We expect this to be par for the course moving forward and thank shareholders for their patience as we worked to identify an effective partner. I am confident this program will stand as the biggest, best fundraising solution for schools available," states CEO Mark B. Newbauer

"Finally we have a program manager that not only fully understands our program, but one that is fully equipped to proceed with our program as designed and one that is passionate to expedite its launch and identify strategic partnerships and program enhancements."

Issuing bank approval will be announced promptly along with an accountable target launch date for the card.

SchoolFuel 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 nearly half a billion dollars donated to schools. 

SchoolFuel compensation will include a percentage of each and every signature purchase transaction made with the cards along with 50% of all activation and monthly fees and a bonus payment for each cardholder with an active card for 12 consecutive months, along with any ancillary profit streams available in vertical solutions for schools and universities, including team and club initiatives within the schools.

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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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