HOUSTON, Sept. 15, 2005 (PRIMEZONE) -- NuWave Technologies, Inc. (OTCBB:NUWV) announced today the completion of its acquisition of Corporate Strategies, Inc. in a reverse merger transaction. Shareholders of Corporate Strategies received common stock, non-voting preferred shares and convertible preferred shares that convert into 95% of the issued and outstanding stock of NuWave.
Tim Connolly, newly appointed CEO of NUWV, commented, "We are looking forward to building a revenue-driven organization on behalf of our shareholders. We will continue to provide turnaround expertise, business development and capital opportunities for our clients." Fred Zeidman, Chairman of the company, added, "As part of our plan moving forward, we intend to rename the company Emerge Capital, which we believe reflects our mission to provide merchant banking services to emerging and re-emerging public companies."
About Corporate Strategies, Inc. -- Corporate Strategies, Inc. (www.corporate-strategies.net) is a Merchant Banker in the traditional European sense of the word. As the term has evolved from the 18th Century to today, Merchant Banking describes an enterprise that not only finances a company's product or service, but also assists in developing a comprehensive business strategy. Corporate Strategies is composed of seasoned executives with extensive experience in merchant banking, including business development and strategy, public and private company corporate finance, capital markets research, human resources, due diligence and transaction negotiation and execution.