SOURCE: New Wave Holdings, Inc.

New Wave Holdings, Inc.

March 30, 2015 08:45 ET

New Wave to Engage Prepaid Industry Expert as Incoming Chief Executive Officer

LAS VEGAS, NV--(Marketwired - Mar 30, 2015) - New Wave Holdings, Inc. (OTC: NWAV) is pleased to announce that it is finalizing details to hire a prepaid industry expert, with a proposed start date of May 1, 2015 (the 'Effective Date'), in a move that all involved are confident will foster significant positioning for the Company as an emerging industry player while guiding the Company toward success on existing programs.

Current CEO Thomas Wolff will stay with the Company as Director, and is highly optimistic about the move. "We have some terrific IP nearing launch and though we are not at liberty to announce the name of the executive until the Effective Date, due to his current obligations otherwise, I find that his experience and ability to navigate the industry will be a significant boon for our overall objectives in bringing inherent shareholder value alongside our growth and success in operations."

New Wave's candidate has over 20 years of success in operations and international/global finance, working in key positions at industry leaders such as Bank of America, CitiGroup, Mastercard and more. His strengths include strong leadership, communication and has demonstrated success in ensuring projects are completed on time and within budget.

The executive states, "I see working with New Wave as a terrific opportunity to to build a contending brand with a focus in profitable, socially conscious endeavors, such as SchoolFuel™, while working to build the overall value of the Company by harvesting unique prepaid solutions toward multiple streams of revenue."

Chairman, Mark B. Newbauer, adds, "We've been working diligently to get our ducks in a row to ensure we build a successful company here. This is a compelling step forward for New Wave in line with recent developments on SchoolFuel™ and another deal we have entered discussions on, to provide a prepaid reloadable debit card for a financial services group aimed at providing tools and resources for the underbanked."

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.

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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