SOURCE: TidalWave Holdings, Inc.

December 20, 2007 14:49 ET

TidalWave Holdings, Inc. Comments on Recent Trading Activity and Proposed Forward Split

TALLAHASSEE, FL--(Marketwire - December 20, 2007) - TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today commented on the recent trading activity of its common stock and proposed forward split.

Over the last three weeks, the common stock value of TidalWave Holdings has drastically declined and some investors have communicated their concerns regarding the impact the company itself may or may have on the trading activity. The company will address these concerns in an open and forthright manner.

The company recently announced a 5-for-1 forward stock split and filed paperwork with the State of Florida to authorize the forward split the first week in December. At the time, management believed that such a split would inject liquidity and help expand the company's shareholder base. The company believes that once this was announced and confirmed filed with the State of Florida, market forces reacted negatively, albeit prematurely, to a potential 5-fold increase of the company's shares in the open market.

At the present, given the subsequent current market condition of the company's share price, a forward split is not feasible at this time and would result in potential trading of the company's shares at levels that would be inherently illiquid to shareholders. The company is exploring a range of several other options, including a possible restricted preferred or common stock dividend that could provide existing shareholders a means of receiving additional shares as an alternative to a forward split. If adopted, this type of dividend would not immediately add additional shares into the open market.

For further questions, shareholders are encouraged to contact TidalWave investor relations.

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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