EnWave Announces Private Placement

EnWave Corporation announce dthat it has agreed to a financing in a non-brokered private placement of up to 7,333,333 units at a price of $0.30 per unit. Each unit will consist of one common share and one half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.45 per share for a period of one year from the date of issuance of the units.

The proceeds of up to $2,200,000 will be used to develop a pilot-scale powderREV technology to support the Danisco A/S collaboration announced on April 7, 2009, a new continuous pilot-scale nutraREVTM technology for increased product development activity, to support commercial sales and marketing activities for the commercial-scale nutraREVTM technology, and for general corporate needs.

The Company will pay finder’s fees of up to 7.5% of the value of units sold. The finder’s fees will be payable either in cash or in units at the option of the recipient. Any units paid as finder’s fees will be issued under the same terms and conditions of those sold to investors. All units will have a hold period of four months from the date of distribution as required by TSX Venture Exchange policies and securities law. The completion of this private placement is subject to regulatory approval.

About EnWave
Using proprietary technologies developed in conjunction with the University of British Columbia, EnWave is focused on the development of new methods of dehydrating food and biological materials using Radiant Energy Vacuum technology under its nutraREVTM, powderREV, bioREVTM and freezeREV brands. REV technology combines microwave energy transfer under vacuum to dehydrate and alter structures and drive chemical reactions, thereby creating unique product characteristics for both food products and medical applications that include fruit, vegetables, probiotics, enzymes, proteins, food cultures, vaccines and antibodies. More information about EnWave is available at www.enwave.net.

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PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

PPM.co’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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• Vancouver, B.C. Private Placement Memorandum Writing
• Hi Tech Private Placement Memorandum Writing
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