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FOR IMMEDIATE RELEASE

June 25, 2007

PROFIT MAGAZINE RANKS KAMLOOPS FIRM ON ITS ANNUAL LIST OF CANADA'S FASTEST GROWING COMPANIES

KAMLOOPS, B.C.  MediaWave Communications Corp. is pleased to announce that it has been ranked 49th on PROFIT Magazine's 19th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies, after posting 5-year revenue growth of 1,165%.

Ranking Canada's fastest-growing companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

In 2003, MediaWave was ranked 6th on PROFIT's "Hot 50" list of Canada's fastest growing emerging companies.

Commenting on the announcement, MediaWave President & CEO, Grant Robertson, said, "We are thrilled that our growth has once again attracted the attention of Canada's most prestigious business publication. We are fortunate to have assembled a talented team of hard working people who have driven our growth since our inception in August 1999. Our growth is a testament to the work of our outstanding people - once again, they deserve the credit for our achievements."

PROFIT Magazine editor Ian Portsmouth said, "PROFIT 100 companies are the new heroes of Canadian business, creating jobs at home and products used around the world. They've accomplished this by building great employee teams, exploiting export markets and rapidly responding to the customer's fast-changing needs."

About MediaWave:

Founded in 1999, Kamloops-based MediaWave Communications Corp. is a rapidly-growing e-commerce retailer and wholesaler specializing in home products including water treatment products, air purifiers, humidifiers, tankless water heaters, and more. For more information on the company, contact Grant Robertson, President & CEO, or visit www.mediawaveonline.com.

About PROFIT Magazine:

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT-which currently reaches more than 300,000 readers nationally-hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com.






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