Conference Call to Discuss Significance of Exclusive Agreement with Gemini Industries to Market and Distribute NUWAVE's Video Game Enhancer -VGE-.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 19, 2001

NUWAVE Technologies, Inc. (Nasdaq: WAVE)-- -0-

                               M E M O

TO:               Friends of NUWAVE Technologies Inc.

FROM:             Stephen D. Axelrod, CFA
                  Wolfe Axelrod Weinberger Assoc.

RE:               Conference Call to Discuss Significance of Exclusive
                  Agreement with Gemini Industries to Market and
                  Distribute NUWAVE's Video Game Enhancer (VGE) and
                  the "Right of First Offer" on Future Products for
                  North America

DATE:             December 19, 2001

TIME:             2:00pm

In an effort to keep you apprised of developments concerning NUWAVE Technologies, Inc. (Nasdaq: WAVE), the company has scheduled a conference call for 2:00pm this afternoon, Wednesday, December 19, 2001, to discuss the strategic importance of the newly announced exclusive marketing agreement with Gemini Industries for North America.

Established in 1974, privately held Gemini has 27 years of experience as an industry leader in the manufacture and distribution of consumer electronics accessories. Gemini's customers include the nation's leading home improvement stores and mass merchants, representing nearly 17,000 retail locations.

Please call in about 5 - 10 minutes prior to the 2pm start time. The conference call numbers are:

U.S.              1-800-633-8537
International     1-212-346-6412

There will be a 24 hour replay of the conference call which can be
accessed by dialing:

U.S.              1-800-633-8284, reservation number 20146428
International     1-858-812-6440, reservation number 20146428