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CallWave Third Fiscal Quarter 2005 Financial Results

SANTA BARBARA, Calif. -- CallWave, Inc. (NASDAQ:CALL) today announced that it will release financial results for the third fiscal quarter ended March 31, 2005 immediately following the close of the market on Wednesday, April 27, 2005. The company will host a corresponding conference call and live Webcast at 4:30 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 two hours after the completion of the call. An audio replay of the call will also be available to investors beginning at 6:30 p.m. ET on April 27, 2005, through May 11, 2005, by dialing (800) 405-2236 and entering the passcode 11028618#.

About CallWave

CallWave is a leader in VoIP enhanced services for the consumer and small business markets. The company provides VoIP application services on a subscription basis that add features and functionality to both the landline and wireless 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.

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