CallWave to Report First Fiscal Quarter 2007 Financial Results.

SANTA BARBARA, Calif. -- CallWave, Inc. (Nasdaq:CALL) today announced that it will release financial results for the first fiscal quarter ended September 30, 2006 immediately following the close of the market on Thursday, November 2, 2006. The company will host a corresponding conference call and live Webcast at 5:00 p.m. Eastern Time (ET).

This call can be accessed at CallWave's Investor Relations Web site at www.callwave.com., or by dialing 866-250-2351, or outside the U.S. 303-205-0066. An audio replay of the call will also be available on our Web site, or by dialing 800-405-2236 and entering the passcode 11074528#.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's

individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

About CallWave

CallWave (Nasdaq:CALL) is an On Demand communications services company, helping service providers reduce customer churn and drive revenues by enabling new landline, Internet and mobile convergence applications. Founded in 1998, CallWave is headquartered in Santa Barbara, California. For further information, please visit www.callwave.com.