New Wave Holdings, Inc. Receives Target Launch Date for SchoolFuel Program
LAS VEGAS, NV--(Marketwired - Oct 2, 2015) - New Wave Holdings, Inc. (OTC: NWAV), an electronic payment services and solutions company with a focus in developing innovative prepaid programs, updates shareholders today on its highly anticipated launch for its SchoolFuel GPR debit card program.
FirstView Financial and SchoolFuel have agreed that once the Issuing Bank submits approval for the Program, the card will be launched and available in 10-14 weeks. The Issuing Bank is expected to have Program Approval finalized within the next 10-15 business days.
SchoolFuel is New Wave's inaugural program which consists of a GPR debit card that streamlines current scrip programs, such as Great Lakes Scrip and United Scrip, which have seen over $9 billion in retail sales in the last two decades.
SchoolFuel will be co-branded by a major network such as Visa, Mastercard and/or Discover and intends to revolutionize fundraising for schools, churches and club sports.
In the interim, New Wave and its subsidiary, SchoolFuel, will be launching dynamic new websites; New Wave will feature a blog for shareholders as well as up to date investor information on SchoolFuel and other ventures, partnerships or otherwise.
The SchoolFuel site will be a front-end design to market the Program while FirstView Financial and its processor will construct the backend to ensure full program assimilation and compatibility.
As well, once bank approval is received, SchoolFuel will begin aggressively building retailer participation for the program with regular updates to shareholders as they are added.
As well, FirstView has introduced a key client to SchoolFuel in the name of a potential partnership that would have incredible impact on additional revenue streams and marketing opportunities for the SchoolFuel brand, alongside increased access to unique fundraising platforms. Details will be released soon via press release.
Finally, the share structure, including A/S and O/S as reported on OTC Markets remains unchanged and New Wave has committed to keeping these locked through at least EOY 2015.
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New Wave Holdings is a Holding Company focused in electronic payment services and solutions with a focus in bringing innovative prepaid programs to market. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.
SchoolFuel, LLC is a Company dedicated to innovative fundraising solutions for schools, universities, club teams, churches and more! It's inaugural program is a General Purpose Reloadable Debit Card which uses a patent-pending process to effect donations for consumer chosen non-profits.
FirstView Financial is a leading provider of financial, mobile and payment technology solutions. FirstView provides innovative payment solutions to help companies create new revenue streams, reduce cost, increase security and improve efficiency. Over the last decade FirstView has been delivering prepaid program management and processing services supporting a diverse array of prepaid card solutions. FirstView Mobile payment solutions allow companies to capitalize on the dramatic shift to mobile payments.
With decades of payment management experience, FirstView excels at innovation in the high-growth electronic, prepaid and mobile payment markets. FirstView provides turnkey prepaid debit card program solutions enabling clients to enjoy all the benefits of operating a fully custom prepaid program, without the compliance, risk management, overhead and operational burdens associated with entering the program management business directly. FirstView was recently honored with two prestigious 2014 and two 2015 Paybefore prepaid Industry Achievement Awards, including the award for our core business of white labeling prepaid programs. FirstView was recently honored with two prestigious 2014 PayBefore prepaid Industry Achievement Awards. Providing innovative payment solutions since 2005, the company is headquartered in Atlanta, GA.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.
