Article: DataWave Systems Inc.: Shareholders' Extraordinary General Meeting.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--March 8, 2001

DataWave Systems (OTCBB:DWVSF)(CDNX:DTV.)

DataWave Systems Inc. announces that an Extraordinary General Meeting of shareholders will be held on April 6, 2001. At that meeting, shareholders will be asked to approve a resolution to consolidate the Company's share capital.

The Company's shareholders will be asked to give the Company's Board of Directors the authority to consolidate the Company's shares in a ratio not to exceed 10:1.

The Company is considering an alternative trading market for its shares and in order to successfully list on a major exchange certain ...

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