SOURCE: IO Circuit

May 11, 2007 20:52 ET

(OTC: NWWV) and Playstar Engage in Final Discussions to Merge

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit

LAKE HARMONY, PA--(Marketwire - May 11, 2007) - New Wave Media Inc. (PINKSHEETS: NWWV) announced the framework for an agreement with Playstar Corp. (PINKSHEETS: PLYCF) to merge the 2 entities. Playstar shareholders will receive .8 of a share and New Wave shareholders 1 full share in the merged entity.

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