CallWave Inc. Unleashes FREE Fax Telephone Numbers; FaxWave Enables Individuals to Receive Faxes in Their Email Inbox Without a Dedicated Phone Line or Fax Machine.

SANTA BARBARA, Calif.--(BUSINESS WIRE)--March 31, 1999--

A Private FaxWave Number Forwarded to an E-Mail Account

Will Become as Ubiquitous as a Driver's License and a Phone Number

CallWave Inc(sm) Wednesday announced that FaxWave, its ubiquitous product that provides people with FREE domestic U.S. telephone fax numbers that are used to route faxes via email, has successfully concluded its test phase and is now available to all persons over the age of 18.

FaxWave delivers faxes to e-mail accounts. These faxes are accessible wherever a laptop or computer can dial into the Internet. FaxWave has proven itself to be a product with broad appeal that spans demographics and generations.

In a technology review published March 29, 1999 in The Oregonian, Mike Francis said: "The sign-up process took less than three minutes, and when I was finished, I sent myself a regular fax of the NCAA basketball playoff brackets. Within five minutes, it arrived in my e-mail box, crisp, clear and as foolish as the day I made my forecasts. If you want, you can print your faxes, though some might say that defeats the purpose."

According to David Hofstatter, executive vice president of CallWave, "FaxWave viewing software is already installed on over 300 million Microsoft Windows 95, 98 and NT. For most Windows users, this means no bothersome and risky software downloads. Fax viewing is instantaneous, and faxes can be forwarded as email attachments to co-workers who will be able to open and view the fax.

"We have FaxWave customers who tell us that 100 people in a large corporation are sharing one fax number and one fax machine. Now every employee in even the largest enterprise can get their own FREE, dedicated fax line. Given everything we've learned in the last two months, we believe we will enroll millions of subscribers by the end of 1999."

"Mark my words, this is significant," said Geoffrey Kleinman in the March Edition of the Kleinman Report. "The demand for these sorts of services could mirror that of the free web mail."

CallWave provides its users with a privacy promise and one of the company's core values is to protect FaxWave users's communications.

"CallWave seems to take a consumers right to privacy seriously," said Anne Jennings, marketing communications manager of TRUSTe. "We have been working with them to help CallWave develop appropriate information gathering practices and policies right from the start. CallWave contacted us even before their website was live, and they are now in the final stages of our privacy review. We look forward to awarding CallWave our TRUSTe mark when their application is complete."

How it Works

FaxWave delivers all faxes sent to your personal fax number to your email address. Windows users use a standard Microsoft (Nasdaq:MSFT) Windows supplied viewer to review and print received faxes. For many customers, no new software needs to be installed. Faxes can be read using other viewers on Apple Macintosh (Nasdaq:AAPL), SUN (Nasdaq:SUNW), IBM (NYSE:IBM), and HP UNIX (NYSE:HWP) systems. The FaxWave service uses Windows NT running on fault tolerant Compaq (NYSE:CPQ) Proliant servers. For more information visit the company's web site at www.callwave.com.

CallWave Inc. is a closely held Internet phone company. Hermes Investment Group Inc. is the lead investor in CallWave. Business Development Inquiries should be directed to David Hofstatter at [e-mail] or by telephone [phone]. Media inquiries should be directed to Antonia Lantz Inman, [e-mail] . CallWave(sm) and FaxWave(sm) are service marks of CallWave Inc. All other trademarks are the property of their respective owners.