com and
Discount Online Warehouse.
Discount Online Warehouse is an online wholesale club which offers
discounted products purchased in bulk quantities to its members . The Company's public financial information and
filings can be viewed at http://www.35 per diluted
share, compared with net income of $7.
Gross profit in the second quarter of fiscal 2006 increased $7. The second quarter continued to
receive the benefit of the Company's strategic acquisition of A-Mark Precious
Metals, and we are seeing solid demand in our core businesses of stamps and
coins . Herrero
continued, "Escala achieved one of its stated goals of expanding into arts and
antiques in the second quarter by completing the acquisition of Greg Martin
Auctions, the specialty arms, military and Western memorabilia auction house
based in San Francisco, on October 14, 2005. Greg Martin Auctions conducted a
successful arms and Native American auction in the second quarter, and they
will be holding a key auction of the Howard Collection on the East Coast in
the fourth quarter . The call can also be accessed via the Internet live or as a replay. Harmer.
Wiggle Waggle, which also won the 2004 National Parenting Center Seal of
Approval, joins other award winning products in Do-Re-Me + You!'s line,
including "Frog Went A-Dancing", a toddler kit that includes a CD full of
fanciful frog and animal play songs, a lovable, plush froggy backpack, and a
large story book of a frog who goes searching for his perfect dance.

lubrano radios

Some of the items initially scheduled for auction include; a book authored
by George Washington and autographed by Abraham Lincoln, an original Dow Jones
ticker machine, Muhammed Ali's boxing gloves, film reel autographed by the
cast of 'The Godfather' including Marlon Brando, hats autographed by Marilyn
Monroe, Frank Sinatra and Princess Di and guitars autographed by members of
the Beatles, Rolling Stones, Elton John and U2.
OnlineSupplier .8 million for the same period in fiscal 2005.1 million for the second quarter of fiscal 2006, versus $58.5 million,
versus $70.3 million, from $19.
The conference call will be archived for replay on the above website for 5
days following the call. Escala Group undertakes no obligation to
publicly update or revise any forward-looking statements.drmy.

boxes merchandise

, NeWave, Inc.0% in net income and 30% in diluted earnings per share.4 million for the comparable period in
fiscal 2005.1 million for the comparable period
in fiscal 2005.
Escala Group is a global federation of leading companies in the
collectibles market with operations in North America, Europe and Asia as well
as on the Internet.

antiques antiquarians

Art of Music Managing Partner, Keith Veltre stated, "Art of Music is
pleased to partner with online innovator AuctionLiquidator and entertainment
icon Bob Eubanks in their commitment to provide the public a unique buying
opportunity, while helping worthwhile charities.
To find out more about NeWave (OTC Bulletin Board: NWWV), visit our
websites at http://www.com and
http://www. In calculating
earnings per share, the diluted weighted average common shares outstanding for
the second quarter of fiscal 2006 was 28,963,000 compared with 28,760,000 for
the corresponding quarter of fiscal 2005 .
Diluted earnings per share grew 49% to $0.

sheet posters

Art
of Music gives back to the global community by facilitating and supplying
product for auctions benefiting national and international charities.

Net income for the second quarter was $10.
Escala Group's North American operations include Greg Manning Auctions
division, Ivy + Manning Philatelic Auctions, Greg Manning Galleries, Greg
Martin Auctions, Spectrum Numismatics, Teletrade, Nutmeg Stamp Sales, Superior
Sports Auctions, Bowers and Merena Auctions, and Kingswood Coin Auctions, and
H.
The trading activities of Escala Group are conducted through A-Mark
Precious Metals, one of the largest private sellers of bullion coins and
bullion gold, silver and platinum to the wholesale marketplace.45

EBITDA Reconciliation Schedule

Net Income: $10,102 $7,655 $19,428 $12,789
Plus:
Interest expense 459 237 798 524
Provision for income taxes 5,921 4,781 11,641 8,714
Depreciation 556 281 964 557
EBITDA 17,038 12 ,954 32,831 22,584

com.

boxes 16th

EST Thursday, February 9,
2006.
Investors may access the webcast through the Investor Relations section of
Escala Group's corporate website at http://www ., Do-Re-Me + You! is a new
organization that introduces music to young children in their home setting as
the first step in bringing its power into their lives.

antiques memorabilia

"
AuctionLiquidator VP Christa Frankos added, "In establishing
AuctionLiquidator as the online auction provider of choice, we are continuing
to build relationships with content providers such as Art of Music.auctionliquidator.9 million for
the same period in fiscal 2005.
"As we continue to build on our aggregation strategy," Mr .escalagroup.R.
The Wiggle Waggle product was described by Oppenheim as "an appealing
music kit with a board book to share, a CD with both lively and soothing
music, and a jolly-looking velour bumble bee with crinkle wings and quiet
jingle inside.

buttons buy

We
believe their ability to procure rare and valuable collectibles is an
important element for us to continue building traffic through
AuctionLiquidator .com.
Jose Miguel Herrero, President and Chief Executive Officer commented, "We
are pleased with Escala's strong financial performance which is due to both
acquisitions as well as organic growth .
The words "should," "believe," "estimate," "expect," "intend,"
"anticipate," "foresee," "plan" and similar expressions and variations thereof
identify certain of such forward- looking statements , which speak only as of
the dates on which they were made.

radios roll

Some of the items previously sold by the Art of Music
include a stage used guitar owned and played by Jimi Hendrix, a Lou Gehrig
game worn jersey, a John Lennon stage used guitar and even the Santa costume
worn in the movie "Miracle on 34th Street".onlinesupplier.

Forward-Looking Statements
This release contains forward -looking statements, including, without
limitation, statements concerning our business and possible or assumed future
results of operations.
(Nasdaq: ESCL) today announced financial results for the fiscal 2006 second
quarter and six months ended December 31, 2005.0 million during the first half of fiscal 2005.8
million for the three months ended December 31, 2005, from $58. The gross profit percentage for the second
quarter of fiscal 2006 increased to 36% versus 33% for the second quarter of
2005. Afinsa is Escala Group's majority shareholder. Factors
that may cause such differences include changes in market conditions, changes
in economic environment, competitive factors and the other factors discussed
in the "forward-looking information" or "risk factors" sections included in
Escala Group's filings with the Securities and Exchange Commission, including
Escala Group 's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
prospectuses and other documents that Escala Group has filed with the
Commission.

(CCBN-ESCL)


- Financial Tables Follow -

ESCALA GROUP, INC.

buttons posters

LONG BEACH, Calif. The ability to sell interesting and unique inventory is a
competitive advantage we will strive to maintain and we look forward to a
great relationship with the Art of Music team. Since inception,
it has offered the collecting public the largest selection of unique, rare and
valuable memorabilia.7 million, or $0.27 per diluted share,
for the second quarter of fiscal 2005. Readers are
cautioned not to place undue reliance on these forward-looking statements.
"Being able to provide award-winning products to our friends around the
country makes our work that much more rewarding," said Jill Jones, director of
sales and training for Do-Re-Me + You!.
The Oppenheim Toy Portfolio is the only national consumer organization
that publishes an independent review of toys and children's media.

About Do-Re-Me + You!
Created by Kindermusik International Inc.

collectibles posters

8 million for the same quarterly fiscal comparisons. of Madrid, which act as exclusive
suppliers of collectibles -- primarily stamps and coins -- on a worldwide
basis to Afinsa Bienes Tangibles , S.

SAFE HARBOR STATEMENT
Statements in this press release that relate to future plans , objectives,
expectations, performance, events and the like are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934.
Condensed Consolidated Statements of Earnings
For the Three and Six Months Ended December 31, 2005
(thousands except per share data)
(Unaudited)

Three Months ended Six Months ended
December 31, December 31,

2005 2004 2005 2004

Aggregate Sales $894,518 $70,765 $1,471,176 $136,007

Operating revenues
Sales -- trading $806,237 $- $1,300,539 $-
Sales of inventory 21,298 28,012 41,653 50,982
Sales of inventory --
related party 45,580 27,499 85,715 49,117
Commissions earned 3,936 3,429 8,140 6,931
Total revenues 877,051 58,940 1,436,047 107,030

Cost of merchandise sold
Cost of sales -- trading 804,356 - 1,297,453 -
Cost of merchandise sold 18,920 26 ,639 36,572 47,427
Cost of merchandise sold --
related party 26,445 12,860 47,269 23,000
Gross profit 27,330 19 ,441 54,753 36,603

Operating expenses
General and administrative 5 ,739 2,439 11,950 6,097
Salaries and wages 4,178 3,152 8,895 6,468
Depreciation and amortization 556 281 964 557
Marketing 862 917 1,839 1,716
Total operating expenses 11,335 6,789 23,648 14,838
Operating income 15,995 12,652 31,105 21,765

Other income (expense)
Interest income 570 132 898 394
Interest expense (459) (237) (798) (524)
Other (4) (111) (41) (132)
Earnings before income taxes 16,102 12,436 31,164 21,503
Provision for income taxes 5,921 4,781 11,641 8,714
Minority interest -- related party 79 - 95 -

Net income $10,102 $7,655 $19,428 $12,789

EBITDA $17,038 $12,954 $32 ,831 $22,584

Three Months ended Six Months ended
December 31, December 31,
Earnings per Share Schedule 2005 2004 2005 2004

Net Income $10,102 $7,655 $19,428 $12,789
Basic Earnings per Share
Weighted average shares outstanding 27,778 27,389 27,736 27,363
Basic earnings per share $0 .28 $0. Through a personalized
in-home "Show + Tell," consultants guide parents through an array of musical
products for babies, toddlers, preschoolers and big kids.

toy centuries

Under terms of the Agreement , Art of Music will provide
the 'Bob Eubanks Charity of Choice' eBay Store with Hollywood, music and
sports memorabilia, historical artifacts and other high profile collectibles
to be auctioned and sold through AuctionLiquidator.
mnovielli@newave-inc.
Total revenues, which include inventory sales plus commission income, were
$877.
In Collectibles, Escala recorded a 20% increase in revenues to $70."
"The interactivity of Wiggle-Waggle has really made it popular at our Show
+ Tell parties," Jones said.

boxes rare

Net proceeds will be
distributed to a newly designated charity or non-profit organization every
month. While operating retail venues for
the collecting public, it has also become the largest and most sought after
behind the scenes partner in the world of charitable auctions and events.
AuctionLiquidator is an online portal which provides individuals ,
enterprise customers and non-profit organizations with a quick and efficient
method for selling unwanted items on eBay and other online auction sites.

Escala Group Inc. Announces Fiscal Year 2006 Second Quarter and First-half Earnings

5 billion in fiscal 2006, versus
$136. Dance to the music with your babe in your arms and share the
lilting language of the book and songs.

thousands centuries

sec.

Contact: Michael Novielli
Chairman
NeWave, Inc.
For the first half of fiscal 2006, net income rose 52% to $19.67 in the first half of fiscal 2006,
versus $0.9 million,
or 41%, to $27.S.47

Diluted Earnings per Share
Weighted average shares outstanding 28,963 28,760 28,877 28,695
Diluted earnings per share $0 .35 $0.27 $0. Interactive Toy Available Only Through Do-Re-Me + You!

BROWNS SUMMIT, SC, The Oppenheim Toy Portfolio, a
well-respected, independent product tester for children 's media, has awarded
Do-Re-Me + You!'s popular Wiggle Waggle CD with a 2005 Gold Seal Award.

lubrano merchandise

About NeWave, Inc.
NeWave, is a leading online auction and e-commerce solutions provider
which utilizes the internet to maximize profits and savings for its customers
through its three subsidiaries; AuctionLiquidator OnlineSupplier. These figures reflect an increase of
32 .0 million in fiscal 2005.
Merchant/dealer activities are conducted through Greg Manning Auctions and
Central de Compras Coleccionables, S.

thousands dealers

All items have been authenticated and come with Art of Music's
Certificate of Authenticity.com offers organizations of all sizes from home business to
large enterprise the ability to create, manage, and maintain effective website
solutions for e-commerce .9 million for
the same quarter in fiscal 2005. of Madrid, Spain, and through Spectrum
Numismatics International, one of the largest wholesalers of rare coins in the
U.70 $0.

antiquarians sheet

Total revenues in the first half of fiscal 2006 were $1.4 billion,
compared with $107. Aggregate
sales for the same period increased to $1. The company operates through a number of subsidiaries that
specialize in various sectors of the collectibles markets, and is comprised of
three business areas: auctions , merchant/dealer operations and trading. In Asia, Escala's auctions operations are
conducted through John Bull Stamp Auctions, Ltd, the oldest philatelic auction
house in Hong Kong.67 $0.

acme rare

We do not intend to update any of the forward-looking
statements after the date of this document to conform these statements to
actual results or to changes in our expectations, except as required by law.

1 million, or $0. The reservation number for the conference call is
11051403.

About Escala Group, Inc.

sheet posters

6 million
for the first half of fiscal 2006 from $41.m.36 $0.

Wiggle Waggle Wins 2005 Gold Seal Award

Henry's
Parade, a book, music CD, penny whistle and beginner guide designed to
interest children in listening, playing and making music, won a NAPPA award.

20th collectibles

Our actual results could differ materially from those
anticipated in the forward-looking statements for many reasons including: our
ability to continue as a going concern, adverse economic changes affecting
markets we serve; competition in our markets and industry segments; our timing
and the profitability of entering new markets; greater than expected costs,
customer acceptance of our products and services or difficulties related to
our integration of the businesses we may acquire; and other risks and
uncertainties as may be detailed from time to time in our public
announcements and SEC filings.4 million in
fiscal 2006 compared with $12. US participants should dial 800-257-6607, and international participants
should dial +303-205-0066. In particular, any statement related to Escala Group's expected
revenues or earnings or Escala Group's being well positioned for future
profitability and growth are forward-looking statements .

buttons 16th

com
ph (845)575-6770

This relationship demonstrates the power of our group
network -- a diverse collectibles product offer that can be deployed in the
appropriate market for the collector."
Management will conduct a conference call to discuss second-quarter and
six -months fiscal 2006 earnings results at 9:00 a. Additionally, any statements related to
future improved performance and estimates of revenues and earnings per share
are forward-looking statements. The
Oppenheim Toy Portfolio is ad-free to assure its editorial integrity.
For more information about Do-Re-Me + You!'s award-winning products,
please visit http://www. Do-Re-Me + You!
consultants , who love music and kids, work either part or full time to earn
income while sharing products they love and believe in.

posters buy

gov. With a minimal start
up investment and strong business support, Do-Re-Me + You! offers consultants
an opportunity for income and growth.

sheet autograph

"

About Art of Music
Art of Music founded in 2000, maintains retail locations at the Aladdin
Hotel in Las Vegas and on Front Street in Lahaina, Maui, HI. Although we believe the expectations reflected
in the forward -looking statements are reasonable, they relate only to events
as of the date on which the statements are made, and our future results,
levels of activity, performance or achievements may not meet these
expectations. Aggregate sales from auction operations increased 33% to $54.A. Future events, risks and
uncertainties, individually or in the aggregate, could cause actual results to
differ materially from those expressed or implied in these statements.

dolls lubrano

45 in the corresponding period in fiscal 2005.com . In Europe, the leading auction houses affiliated with the network
are Auctentia Subastas (Afinsa Auctions) of Madrid, Spain, Corinphila
Auktionen of Zurich, Switzerland, and the Koehler group of auction companies
of Berlin and Wiesbaden, Germany.
The interactive Wiggle Waggle CD, plush bumblebee toy and board book are
only available to residents through local consultants for Do-Re -Me + You!, one
of the country's leading providers of musical learning products for children.

collectibles thousands

NeWave 's AuctionLiquidator Partners With Memorabilia Provider 'Art of Music'

(OTC Bulletin Board: NWWV ) a leading online auction and e-commerce solutions
provider, announced today that its wholly-owned subsidiary AuctionLiquidator
has partnered with leading memorabilia and collectibles provider, Las Vegas
based 'Art of Music'. Products offered will be the
best Art of Music has to offer, one of a kind, contemporary and vintage
collectables. NEW YORK, Escala Group, Inc. Aggregate sales , which include inventory
sales plus consignment sales and commission income, were $894. The growth in total revenues for the second
quarter and the first half of fiscal 2006 is largely due to the acquisition of
A-Mark Precious Metals completed on July 15, 2005. The increase in gross profit is largely attributable to
related-party sales to Afinsa.L.

collectibles autograph

---

- - kjjkjk

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