SOURCE: TidalWave Holdings, Inc.

November 19, 2007 09:42 ET

Tidalwave Holdings, Inc. Announces Plans for New Operations

WASHINGTON, VA--(Marketwire - November 19, 2007) - Tidalwave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced an update regarding its corporate status and business initiatives.

The company, currently operating as a 'shell corporation,' has reached an agreement with an undisclosed private firm to infuse assets and new management into the Tidalwave Holdings' public vehicle. The new ownership will be asked to elevate Tidalwave from its present state to a development-stage company with a solid foundation for future growth. It is anticipated that the first step to achieving this transition will be in the acquisition of existing businesses from which the company can realize initial revenues.

The company has begun the process of seeking financing partners to help support its acquisition plans and provide working capital.

To provide investors additional information and a central source for company announcements, provisions have been made to re-launch the Tidalwave Holdings website which is now available at:

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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