NEW YORK, Nov. 22 /PRNewswire-FirstCall/ - New Wave Mobile Inc -NWWM-
is pleased to announce its letter of intent to acquire 100% of WagerPhone
Inc. -WP- (http://www.wagerphone.com) in exchange for 115 million restricted
shares and $500k USD initial funding for the launch of its lottery
initiatives.
    WP combines two of the most influential innovations of modern time: the
Internet and Cellular phones. These devices, coupled with the increased
demand for regulated gaming such as National / State Lotteries, has
resulted in a rapidly emerging extremely lucrative multi billion dollar
market opportunity.
    Through the aggregation of leading technologies, WP creates a unique
and robust convergence of multimedia positioned to provide Lotteries with
extensible channels of sales and distribution. Working in conjunction with
regulated gaming associations, our Next Generation Lottery Solutions
enhance existing operations by extending their reach from traditional /
limited methods of play to modern and exciting new offerings. It is through
WP's solutions that consumers will have the ability to purchase lottery
tickets, play scratch cards, enjoy casino games and even place a sports
wager from the palm of their hand making regulated play more convenient and
accessible than ever before.
    WP's solutions allow consumers to turn any spare minute into an
inexpensive and non-time-consuming a chance to play through the utilization
of SMS, J2ME, Brew, WAP, Interactive Voice Recognition (IVR), and Online
technologies. Accordingly, WP's value proposition is that lotteries will
sell more tickets, reach new demographics and decrease their operational
costs while people will have the ability to play any game, any time,
anywhere.
    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 B-Teller, Inc. reports
that will be on file with the US Securities and Exchange Commission.

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