Press Release: LiteWave Corp.
August 8, 2001
NEW YORK, NY -- LiteWave Corporation (OTCBB:LTWV) announced yesterday that it has entered into an agreement with
privately held, New York-based Active International (``Active'') to market premier time-share properties to its
affinity members.
Bhupinder Singh, LiteWave's Chairman and CEO, commented, ``Active International is the world's largest corporate
trading company and its inventory of both commercial and leisure travel properties will greatly expand our offerings
to our affinity partners. Active's strength in technology, including its reservation and reporting systems, fulfillment
and hosting, is also expected to be valuable to LiteWave as we move ahead with our business expansion. This agreement
will enable us to offer our affinity members premier vacation properties at extremely competitive prices, while
creating 15 - 25% royalty payments for LiteWave.''
Mr. Singh continued, ``We have also signed a separate letter of intent with Active International to expand our
relationship to include joint strategic purchasing of other travel inventory and the creation of an equity investment
program involving Active Trade Credits and LiteWave shares.''
Founded in 1983, Active International is the largest global corporate trading company dedicated to developing effective,
problem-solving trading programs to transform underperforming assets into future cash flow savings and profits.
The company employs more than 370 people in 15 countries. Active's annual gross revenues exceed $700 million and
its business service vendor base covers more than 60 industries. Active can be found on the web at www.activeinternational.com.
LiteWave Corp. is a marketing company focused on providing value-added member benefits to affinity membership groups
in the United States. LiteWave also offers new customer acquisition programs related to its affinity partners to
consumer products and services companies. LiteWave's marketing programs help enrich affinity member's lives by
providing them with convenience and savings not generally available to the public. LiteWave's distribution channels
are built upon networks of affinity group partners, including some of the most recognized memberships in the United
States. LiteWave's initial focus is the marketing of travel services and popular consumer products through traditional
and online distribution channels. LiteWave's marketing focuses on affinity groups whose members have highly desirable
demographics and disposable incomes. The average household income of LiteWave's affinity group members is $73,400.
Over 87% are university-educated professionals; 85% are homeowners; 75% are between the ages of 25 and 54, 56%
are men and 44% are women. Endorsement by the affinity group, along with regular promotion and advertising to its
members encourages loyalty to partner's products and services.
Certain information included in this communication (as well as information included in oral statements or other
written statements made or to be made by LiteWave Corp.) contains statements that are forward looking, such as
statements related to the future anticipated direction of the affinity marketing and travel industries, plans for
future expansion, various business development activities, planned capital expenditures, future funding resources,
anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known
and unknown risks and uncertainties that could cause actual operations or results to differ materially from those
anticipated.
-----------------------------------------
Contact:
LiteWave Corp.
Ian Lambert, 877/519-5178