EXHIBIT 99.1




NeWave's 'onlinesupplier.com' Posts Operating Profitability & Record Memberships
For  The  Month  Of  October


Goleta,  CA  -  Nov  16  / PR Newswire / NeWave, Inc. (OTC Bulletin Board NWWV -
News)  today  announced  that  its  wholly-owned subsidiary 'onlinesupplier.com'
posted  its first ever monthly operating profit of approximately $90,000 for the
month  of  October. Additionally, onlinesuppier.com enrolled a monthly record of
8,900  new  members.

NeWave  CEO  Michael  Hill  stated,  "Clearly  our  streamlining initiatives are
beginning  to  have  a considerable impact. The fact that we have recently begun
focusing  our  efforts  on  our  core  business  is  the  sole  reason  that
onlinesupplier.com  was  able  to report its first ever monthly operating profit
and  record  monthly  enrollment  of  new  memberships. Our online web-based new
member  signups  have  almost  doubled in just the last two months from 2,900 in
August  to  5,400  in  October.  This  is  a  significant development because it
eliminates the need for additional telephone service representatives, one of our
largest  expenditures."

He added, "Although having now attained operating profitability for one month at
the  subsidiary  level,  our next goal now is to achieve sustained profitability
inclusive  of the parent and publicly-traded entity NeWave. We believe that with
the  success of our strategic cost cutting and the cost efficiency of our online
web-based  enrollment platform that we can now focus on achieving corporate wide
profitability  in  2006."

About  NeWave,  Inc.
- --------------------

NeWave,  Inc.  is  a leading online auction and e-commerce company which through
its  wholly-owned  subsidiary  'onlinesupplier.com',  is  engaged  in  providing
web-based  solutions  to  its  customers  for  monthly  membership  fees. NeWave
provides  its  members  with  a  commercial website, hosting, a merchant account
(PayPal,  Visa  & Mastercard) and access to thousands of high value products and
value-added  services.  Since  inception in August of 2003, 'onlinesupplier.com'
has  serviced  over  235,000  paid  members.

To  find  out  more  about  NeWave  (OTCBB:  NWWV),  visit  our  websites  at
www.newave-inc.com  and  www.onlinesupplier.com.  The Company's public financial
information  and  filings  can  be  viewed  at  www.sec.gov.


Forward  Looking  Statements
- ----------------------------

     This  release  contains  forward-looking  statements,  including,  without
limitation,  statements  concerning  our business and possible or assumed future
results  of  operations.  Our  actual results could differ materially from those
anticipated  in  the  forward-looking statements for many reasons including: our
ability  to  continue  as  a  going  concern, adverse economic changes affecting
markets  we  serve; competition in our markets and industry segments; our timing
and  the profitability of entering  new  markets; greater  than  expected costs,
customer  acceptance of our products and services or difficulties related to our
integration  of  the  businesses  we  may  acquire;  and  other  risks  and
uncertainties as may be detailed from time to time in our  public  announcements
and  SEC  filings.  Although  we  believe  the  expectations  reflected  in  the
forward-looking  statements are reasonable, they relate only to events as of the
date  on  which  the  statements  are  made,  and  our future results, levels of
activity,  performance  or achievements may not meet these expectations.  We  do
not  intend  to  update  any of the forward-looking statements after the date of
this document to conform these statements to actual results  or  to  changes  in
our  expectations,  except  as  required  by  law.


Contact:  Michael  Novielli
          Chairman
          NeWave,  Inc.
          mnovielli@newave-inc.com
          ph  (845)575-6770