CallWave Announces the Commercial Release of Fuze Meeting with Desktop and Mobile HD Video Sharing Capabilities

Users Can Now Share Their Screen, Host Meetings and Share Videos and Business
Documents in High Definition on Major Desktop and Mobile Platforms
SAN FRANCISCO--(Business Wire)--
CallWave, Inc. (NASDAQ: CALL), a leading global provider of Internet, mobile and
Web-based collaboration software solutions, today announced the release of Fuze
Meeting, the company`s online conferencing and HD collaboration service. Fuze
Meeting provides desktop sharing and HD video collaboration on any desktop,
netbook and on select mobile devices. By embracing the recent breakthroughs in
virtualization technologies, Fuze Meeting creates a business collaboration
solution built entirely on an Internet-based model, or "in the cloud."

"The release of Fuze Meeting and the new features of desktop sharing and mobile
HD advance our vision to provide truly mobile conferencing and collaboration
that support high-definition image, document and video sharing from anywhere and
on any device," said Patrick Moran, CallWave`s Vice President of Marketing.
"Users are increasingly demanding the ability to share high-definition content
with meeting participants worldwide. Fuze Meeting is the only offering on the
market to make it easy to share high-definition video in a web meeting."

Fuze Meeting offers new desktop sharing, mobile HD and integrated telephony
features, enabling users to share their entire desktop with attendees with no
additional software for the attendees to download or maintain. High-definition
video sharing is a key part of Fuze Meeting, allowing image, document and video
sharing directly to attendees` browsers or select mobile devices. The new
service is now available in a capacity-limited version for free or for online
purchase at http://www.fuzemeeting.com starting at just $29 per month.

Fuze Meeting provides users with an immediate, turnkey way to launch a
collaboration session without the cumbersome hurdles associated with traditional
web meeting events. With no upfront investment required and nothing to download
or install, Fuze Meeting enables users to quickly and easily deploy their
meetings in HD at the desktop and at mobile devices, while ensuring fast,
reliable and secure access to their most important information and content.

Fuze Meeting provides users with conference call management including visual
indication of conference call attendees and the ability to mute callers. In
addition, the unique "Fetch" feature allows users to add attendees directly into
the web conference, without the user having to type in access codes or PIN
numbers. Fuze Meeting`s integrated IM and presence engine enables users to
connect with public instant messaging (IM) networks in a secure, SSL-encrypted
environment. Fuze Meeting runs on Macs, PCs and Linux devices and is compatible
with all major browsers.

Fuze Meeting is the first business collaboration solution built entirely in a
cloud-based model, meaning the application runs on an Internet server. Rather
than purchasing and installing software that resides on a desktop or corporate
network, the user downloads from the Internet server for each usage. "Putting
collaboration services in a cloud-based model has many benefits. It is
potentially much less expensive, easier to manage and is available anywhere, at
any time. Cloud computing and HD represent significant technology trends and are
very important to our strategy and our customers," said Ritesh Bansal,
CallWave`s Chief Technical Officer.

To promote the availability of these new features, CallWave has partnered with
Slideshare.net to sponsor an online presentation contest. More details on the
promotion are available at http://www.slideshare.net/.

About CallWave, Inc.

CallWave is a global provider of unified communication applications which allow
today`s professional to communicate, collaborate and conference from anywhere in
the world via computer over any web connection or with any leading 3G smartphone
or Wi-Fi enabled device. CallWave`s Fuze Platform provides a mobile and
web-based collaboration service that enables secure, real-time collaboration,
with integrated audio conferencing. Fuze Meeting offers unique features
including high-definition, synchronized video, document and image sharing.
CallWave`s Fuze Messenger solution securely extends instant messaging (IM) and
OCS applications to mobile devices, including the iPhone.

Founded in 1998, CallWave is publicly traded on the NASDAQ under the symbol
"CALL," with headquarters located in San Francisco, California. Please visit:
www.callwave.com.

Important Additional Information for Stockholders

On May 5, 2009, CallWave commenced a tender offer for all of the outstanding
shares of CallWave common stock. This press release is for informational
purposes only and is not an offer to tender or the solicitation of an offer to
tender any shares of common stock for a cash payment. Each holder of shares of
CallWave common stock should read the tender offer statement, as it contains
important information. The tender offer statement has been filed with the
Securities and Exchange Commission and is available along with other filed
documents for free on the website of the Securities and Exchange Commission at
www.sec.gov. In addition, the tender offer statement and all other documents
filed with the SEC in connection with the tender offer will be made available to
investors free of charge by contacting BNY Mellon Shareowner Services, the
information agent for the tender offer, at 800-777-3674. Our stockholders are
urged to carefully read the tender offer statement prior to making any decision
with respect to the tender offer.

One of the purposes of the tender offer is for CallWave to go private. Further
actions to go private, such as a reverse stock split followed by a forward stock
split, may be necessary and require the approval of a majority of CallWave`s
stockholders. The solicitation of proxies from CallWave stockholders has not yet
commenced. This communication is for informational purposes only and is not a
solicitation of proxies, and this communication shall not constitute a
solicitation of proxies from holders of CallWave common stock. Any solicitation
of proxies from holders of CallWave common stock shall be separately
communicated in a proxy statement filed with the SEC and distributed to
stockholders in accordance with applicable regulations of the SEC governing the
solicitation of consents and proxies.

The tender offer is not being made nor will any tender of CallWave common stock
be accepted from or on behalf of holders in any jurisdiction in which the making
of the offer or the acceptance of any tender would not be made in compliance
with laws of such jurisdiction.

This press release may contain certain statements of a forward-looking nature.
Such statements are made pursuant to the "forward-looking statements" and "safe
harbor" provisions within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange of 1934, as
amended. The statements contained herein which are not historical facts are
considered forward-looking statements under federal securities laws. Such
forward-looking statements are based on the beliefs of our management as well as
assumptions made by and information currently available to them. The Company has
no obligation to update such forward-looking statements. Actual results may vary
significantly from these forward-looking statements.

Media Inquiries:
CallWave, Inc.
Patrick Moran, VP Marketing
408-838-3951
or
Investor Inquiries:
Financial Profiles, Inc.
Moira Conlon / David Bigelow, 310-277-4711
callwave@finprofiles.com

Copyright Business Wire 2009