SOURCE: TidalWave Holdings, Inc.

December 11, 2007 13:00 ET

TidalWave Holdings, Inc. Announces Acquisition of FCC Media Properties

TALLAHASSEE, FL--(Marketwire - December 11, 2007) - TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced that the company has executed an asset purchase agreement to acquire two FCC Licensed Television broadcast media properties serving the Northwest Florida panhandle.

The media properties consist of two independent television stations serving major tourist destinations along the Florida Gulf Coast, including Panama City, Callaway, Lynn Haven and Panama City Beach. The service areas also cover smaller cities with strong tourist attractions such as Ebro, Mexico Beach, Laguna Beach, as well as Tyndall Air Force Base. One of the stations currently holds an FCC license to broadcast HD Digital content, and the company intends to utilize this broadcast technology in the future.

Panama City, Florida and the surrounding Gulf Coast area is already a popular nationally recognized tourist destination. The company believes that this region is a burgeoning market, as evidenced by the new estimated $331 Million international airport currently being constructed in Bay County (county of Panama City). The addition of this major airport should continue to increase both tourism and residential population, which in turn, is expected to increase the asset value of these stations over time. In its November 2006 issue, CNN's Business 2.0 Magazine named Panama City, Florida as the top US city for real estate growth.

Shareholders are to be advised that the acquisitions are fully contingent upon FCC approval which has not been granted at the time of this release. The company cannot guarantee that the FCC will grant consent, although we are currently unaware of any factors which would preclude the FCC from issuing consent. Additional details will be forthcoming pending the FCC's consent to allow TidalWave Holdings, Inc. to complete the acquisitions.

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.

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