SOURCE: New Wave Holdings, Inc.

New Wave Holdings, Inc.

June 09, 2015 08:30 ET

New Wave's SchoolFuel® Receives Approval for USPTO Registered Trademark, Prepares Launch Initiatives for 2015-2016 School Year

LAS VEGAS, NV--(Marketwired - Jun 9, 2015) - New Wave Holdings, Inc. (OTC: NWAV) announces today that SchoolFuel® has been granted a federal Registered Trademark for its brand by the United States Patent and Trademark Office.

The WordMark was applied for in April 2014 to be used in association with magnetically encoded debit cards, reloadable debit cards, gift cards, and credit cards for use in connection with purchases of goods and services, where a portion of the amount of any transaction is automatically donated to one or more preschools, elementary schools, high schools, or post secondary schools, for which the SchoolFuel® program is designed.

Chairman Mark B. Newbauer states, "The team at New Wave is thrilled with this as a trademark can be a significant asset for a brand like ours in terms of building brand integrity as the card lands in schools and retailers nationwide."

New Wave's CEO Shawn Carden is working directly with SchoolFuel® management to expedite its due diligence requirements for the program's intended Issuing Bank. Once submitted, the program will finally receive a definitive launch date for the SchoolFuel® program, which uses a patent pending process execs are confident will revolutionize fundraising for schools nationwide. 

In preparation for launch, SchoolFuel® has organized a sales team that will work to secure participating retailers which will significantly enhance the fundraising potential each card can generate, in addition to the percentage of profits that SchoolFuel® will donate on every sales transaction.

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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.

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