SOURCE: TidalWave Holdings, Inc.

December 04, 2007 16:27 ET

TidalWave Holdings, Inc. Announces 5-for-1 Forward Split

TALLAHASSEE, FL--(Marketwire - December 4, 2007) - TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced that the company intends to file with the NASD to implement a 5-for-1 forward split of its common shares.

TidalWave shareholders as of the record date will receive approximately 5 shares of common stock for each current share they own. For example, shareholders owning 5,000 shares prior to the stock split will own 25,000 shares following the split. No action should be required on the part of shareholders who own shares held in brokerage accounts to receive the additional shares.

The company believes this action will increase the amount of liquidity in the public market and help expand the company's shareholder base. The official record date and payment date will be announced in a subsequent release as the exact dates become available.

Safe Harbor for Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.

Contact Information