P-WAVE RELEASES COMBANK INTRANET FOR COMMUNITY BANKS AND CREDIT UNIONS

READING, PENNSYLVANIA, USA, January 4, 2007 -- P-Wave, Inc., a leader in web-based applications and document and records management solutions for regulated industries, announces the release of ComBank V1.01. ComBank is a web-based intranet with powerful document and workflow capabilities for community banks and larger credit unions that dramatically improves their ability to communicate with customers and employees, as well as comply with regulations. ComBank intranet offers a combination of features that were previously only available to much larger banks such as: robust and compliant document management and control providing full document version history; audit trails; editable homepage portlets that dramatically improve the banks ability to communicate critical business issues to employees; and sales and service tracking tools that give banks an edge by improving tracking and management of customer requests.

ComBank's introduction will help many community banks and credit unions that are struggling to manage their growth and trying to gain a competitive edge in the market by improving efficiency and customer service. Making sure employees have the latest information on products, operating procedures, marketing initiatives or security concerns is very challenging. Employees may waste precious time searching for information to help them do their job or close a sale to a new customer. In today's competitive community banking market, timeliness in responding to customer inquiries can make a huge difference in getting and retaining customers. In addition, compliance with numerous banking regulations such as FDIC and Sarbanes Oxley is an increasing challenge.

One of the most powerful features of the ComBank intranet is the Sales Tracking module. It allows banks to quickly move new business inquiries to the appropriate staff and track the status as they move through the organization. Email alerts to multiple parties are triggered in the system when sales leads are created and referred or when a lead is not responded to in a timely manner. Detailed reports are generated to allow users to track the status of leads as well as management reports to track if a referral is booked, lost, or cancelled.

According to Mark Ferrero, President of P-Wave, -We are very excited by the feedback we have received from community banks and their employees. They immediately understood the benefit for their organization and found ComBank to be a great communication tool that saved them time and improved efficiency. By saving banks or other financial services companies ten minutes a day per employee, we improve their profitability and deliver a return on investment in under six months. In addition using Combank has enabled companies to improve tracking and turnaround time on sales inquiries and allow new business to be booked before customers and prospects turn to the competition.

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About P-Wave, Inc. P-Wave, Inc., established in 1998, is a privately held Pennsylvania C Corporation, located in Reading, Pennsylvania USA. As a leading edge web development company, P-Wave initially focused on using streaming media for training and corporate communications applications, and on creating dynamic websites for businesses. Since 2001, P-Wave has developed web-based document and records management products for small to mid-sized companies. P-Wave's newest product, ComBank, for the community banking industry, is an outgrowth of their content management and e-commerce experience. P-Wave is a client of the Ben Franklin Technology Partners of Northeastern Pennsylvania, which invests in promising early-stage technology firms. Additional company and ComBank information is available at www.p-wave.com, or call +1-610-372-7890 x22 or send e-mail to markf@p-wave.com.