Long Beach, Calif., July 22 /PRNewswire-FirstCall/ — NeWave, Inc. (OTC Bulletin
Board: NWWV) a leading online auction and e-commerce solutions provider, today
announced new online auction statistics released by ACNielsen International
Research commissioned for industry leader eBay.
NeWave CEO Michael Hill stated, ”The growth of NeWave over the last two
years has certainly paralleled the growth of online auctions and ecommerce during
that time. In 2003, eBay last reported that approximately 430,000 persons used
its platform to derive their primary or secondary source of income. The new
numbers just released yesterday by eBay indicate a significant
increase to 724,000.”
He added, ”Our wholly-owned subsidiary OnlineSupplier.com provides the
tools, services and inventory necessary for individuals and organizations to
generate income from online auctions and effectively compete for ecommerce.
Since our inception two years ago we have serviced over 225,000 paid members
and generated revenue of approximately $7 million in 2004, our first full calendar
year in business. These newly reported statistics are welcome news to us because
we believe that our growth will continue in lockstep the with dramatic growth
Excerpt from eBay press release dated July 21, 2005 — ‘Entrepreneurs in record
numbers are setting up shop on eBay, according to a new survey conducted for
eBay by ACNielsen International Research, a leading research firm. More than
724,000 Americans report that eBay is their primary or secondary source of income.
In addition to these professional eBay sellers, another 1.5 million individuals
say they supplement their income by selling on eBay, according to the July 2005
survey. In the first six months of 2005, eBay members in the U.S. sold merchandise
worth approximately $10.6 billion.
In order to support this growing economic force, eBay and the United States
Postal Service have teamed to create an innovative educational opportunity that
brings online selling expertise and experience to neighborhoods across the country:
the eBay Day Small Business Tour. eBay sellers overwhelmingly use the Postal
Service for their shipping needs. Based on the results of the new ACNielsen
International Research survey, the number of eBay entrepreneurs in the U.S.
has increased 68 percent since the last time a comparable study was conducted
in 2003. That study indicated that 430,000 Americans at the time were making
some or all of their income selling on eBay.
”eBay’s impact on job creation in the U.S. has been tremendous, and the
health of our nation’s economy depends on employment,” said James K. Glassman,
resident fellow, American Enterprise Institute for Public Policy Research, who
has analyzed the survey results. ”A considerable amount of jobs have been
created and enabled through eBay in the last few years, making it an important
employment creation engine that many never considered just five years ago. The
potential for entrepreneurs to realize success through eBay is significant.”
About NeWave, Inc.
NeWave, Inc. is a leading online auction and e-commerce solutions provider which
utilizes the internet to maximize the income potential of its customers through
its subsidiary OnlineSupplier.com. OnlineSupplier.com offers organizations of
all sizes the ability to create and manage website solutions necessary for e-commerce.
Since inception in August of 2003, Onlinesupplier.com has serviced over 225,000