Finkelstein Thompson LLP Investigates CallWave, Inc. – US Litigation

WASHINGTON, May 27, 2009 — Finkelstein Thompson LLP
is currently investigating potential shareholder claims arising out of
CallWave, Inc.’s (“CallWave” or “the Company”) (Nasdaq:CALL) tender
offer for its own common stock.

On May 5, 2009, CallWave commenced a tender offer for all of the
outstanding shares of CallWave common stock. The investigation is
primarily focused on whether the Company’s Board of Directors violated
their fiduciary duties in connection with the proposal to deregister
and delist the Company’s common stock and take the Company private.

If you are interested in discussing your rights as a CallWave
shareholder, or have information relating to this investigation, please
contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050
or by email at

Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients in
connection with securities and other finance-related litigation, and
has been appointed as lead or co-lead counsel in dozens of shareholder
class actions. Indeed, the firm has served in leadership roles in cases
that have recovered over $1 billion for investors and consumers. To
learn more about Finkelstein Thompson LLP, please visit our web site at

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