TORONTO, June 6 /PRNewswire-FirstCall/ - New Wave Media Inc (OTC:NWWV.PK - News) and Playstar Corporation (OTC:PLYCF.PK - News) are very pleased to announce a dividend to its shareholders of post merger shareholdings of 20% or 20 shares for every 100 shares owned in a new corporation to be formed, funded and listed on a foreign exchange. This new corporation will utilize part of the Wagerphone and Playstar properties to market a new product in a new market place.
The New dividend record date will be as of the close on June 19th 2007 and payable on or about July 12th 2007. A further release with the Ex dividend date will be forthcoming shortly.
Armando Russo states "Our shareholders have been patient and will be rewarded for this. This dividend will be paid by Transfer Online and we will have a news release next week to explain fully how to receive this special dividend and further information on the entity formed."
New Wave Mobile currently has 137,000,000 restricted and 117,000,000 free trading shares for a total of 254,000,000 and the transfer agent is transfer Online of Portland Oregon.
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in New Wave Mobile reports that will be on file with the US Securities and Exchange Commission.
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