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Thursday, June 22, 2006

NeWave - New Symbol ... New CFO ...

SAME GREAT COMPANY

Today, NeWave, Inc. began trading under it's new symbol, "CPNE", and yesterday announced the naming of a new Chief Financial Officer.

The new trading symbol comes after last weeks annoucement that the company name was changed to Commerce Planet, Inc. Irregardless of the name or symbol, the stock continues to perform well, especially with recent overall market declines and volatility.

Yesterday, the Board of Directors appointed Dave Foucar as the new Chief Financial Officer, effective June 13, 2006. Mr. Foucar has over 20 years of experience in Finance and Accounting including 10 years in the technology industry. Mr. Foucar comes to NeWave from The Malibu Group, a mid market M&A and Financial Consulting firm.

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