CallWave to Report Fourth Quarter and Year End 2005 Financial Results on August 16, 2005

CallWave, Inc. (NASDAQ:CALL) today announced that it will release financial results for the fourth quarter and year ended June 30, 2005 immediately following the close of the market on Tuesday, August 16, 2005. The company will host a corresponding conference call and live Webcast at 5:00 p.m. Eastern Time (ET).

This call is being webcast by Thomson/CCBN and can be accessed at CallWave's Investor Relations Web site at www.callwave.com. An audio replay of the call will also be available to investors beginning at 7:00 p.m. ET on August 16, 2005, through August 30, 2005, by dialing (800) 405-2236 and entering the passcode 11035843#.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

About CallWave

CallWave (Nasdaq:CALL) 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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