CallWave to Report Second Fiscal Quarter Financial Results on January

    Business Editors/High-Tech Editors

    SANTA BARBARA, Calif.--(BUSINESS WIRE)--Jan. 18, 2005--CallWave, Inc. (Nasdaq:CALL) today announced that it will release financial results for the second fiscal quarter ended December 31, 2004 immediately following the close of the market on Monday, January 31, 2005. The company will host a corresponding conference call and live Webcast at 5:00 p.m. Eastern Time (ET).
    A live Webcast of the call will be available from the Investor Relations section of the company's corporate website at www.callwave.com and via replay beginning three hours after the completion of the call. An audio replay of the call will also be available to investors beginning at 8:00 p.m. ET on January 31, 2005, through February 14, 2005, by dialing 800-405-2236 and entering the passcode 11021527#.

    About CallWave

    CallWave is a leader in VoIP enhanced services. The company provides VoIP application services on a subscription basis that add features and functionality to the telecommunications services used in mainstream homes and small offices. CallWave's proprietary VoIP software allows subscribers to get more out of their existing networks -- landline, mobile, and IP -- by adding software-based call-handling features, and by bridging all three networks to help subscribers get their important calls. Founded in 1998, CallWave is headquartered in Santa Barbara, California. For further information, please visit www.callwave.com.

--30--MGO/sf*

CONTACT: The Blueshirt Group Erica Abrams, 415-217-7722 (Investor Relations) erica@blueshirtgroup.com Christy Swildens, 415-217-7722 (Investor Relations) christy@blueshirtgroup.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE NETWORKING CONFERENCE CALLS SOURCE: CallWave, Inc.

Copyright Business Wire 2005