UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  FORM 10-KSB/A

                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

    FOR THE FISCAL YEAR ENDED                             COMMISSION FILE NO.
        DECEMBER 31, 2004                                       0-28606

                            NUWAVE TECHNOLOGIES, INC.
                 (NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)

              DELAWARE                                   22-3387630
              --------                                   ----------
  (State or other jurisdiction of                    (I.R.S. Employer
   incorporation or organization)                    Identification No.)

                          1416 MORRIS AVENUE, SUITE 207
                             UNION, NEW JERSEY 07083
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (908) 851-2470
                (Issuer's telephone number, including area code)

                                 --------------

         Securities registered under Section 12(g) of the Exchange Act:

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
                                (TITLE OF CLASS)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or
for such shorter  period that the  registrant was required to file such reports)
and (2) has been subject to such filing  requirements  for the past 90 days.
Yes [X] No [ ]

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained  herein,  and no disclosure  will be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated  by reference to Part III of this Form 10-KSB/A or any amendment to
this Form 10-KSB/A. [X]

State issuer's revenues for its most recent fiscal year: $0

Aggregate market value of the voting stock held by  non-affiliates  based on the
last sale price for such stock at April 8, 2005: $159,000.

The number of shares of Common Stock outstanding as of March 30, 2005: 2,062,013

Transitional Small Business Disclosure Format:  Yes [ ]   No  [X]
<PAGE>

                           NUWAVE TECHNOLOGIES, INC.
                                  FORM 10-KSB/A

EXPLANATORY STATEMENT

We are filing  this  Amendment  No. 1 on Form  10-KSB/A  to  provide  additional
information  in  regard  to Item 8A,  Controls  and  Procedures.  As a result of
changes to Item 8A, we are filing  also new  Certifications  as  Exhibits  31.1,
31.2, 32.1 and 32.2.

ITEM 8A. CONTROLS AND PROCEDURES

      The  Company's  principal  executive  officer,  who  is  also  the  acting
principal  financial  officer,  has evaluated the effectiveness of the Company's
"disclosure  controls and procedures", as such term is defined in Rule 13a-15(e)
of the Securities  Exchange Act of 1934, as amended, as of the end of the period
covered by this Annual Report on Form 10-KSB. The evaluation process,  including
the inherent limitations on the effectiveness of such controls and procedures is
more fully discussed below. Based upon his evaluation,  the principal  executive
officer,  who is also the acting principal financial officer, has concluded that
the  Company's  disclosure  controls  and  procedures,  did  contain a  material
weakness.

      This material weakness is the lack of the necessary  corporate  accounting
resources.  At the current time, the  Company's Chief Executive Officer,  who is
one  of  only  two  of  the  Company's  full  time  employees,  solely  has  the
responsibility for receipts and  disbursements.  The Company employs a financial
consultant  to prepare the periodic  financial  statements  and public  filings.
Reliance on these limited  resources impairs our ability to provide for a proper
segregation  of duties  and the  ability  to ensure  consistently  complete  and
accurate financial reporting, as well as disclosure controls and procedures. Our
Company's Chief Executive Officer has concluded that the disclosure controls and
procedures are effective,  even though there is the foregoing material weakness.
This conclusion is based upon the following factors: (1) the business experience
of our Chief Executive Officer, (2) The effective  utilization of a senior level
financial  consultant  and (3) the limited scope of our operations at this early
stage in the  Company's  development.  As the Company  grows,  and as  resources
permit,  we project that the Company's  Chief  Executive  Officer will hire such
additional  competent financial personnel to assist in the segregation of duties
with respect to financial reporting, and Sarbanes-Oxley Section 404 compliance.

      We believe  that,  for the  reasons  described  above,  we will be able to
improve our  financial  reporting and  disclosure  controls and  procedures  and
remedy  the  material  weakness  identified  above.   Because  of  the  inherent
limitations  in all control  systems,  no  evaluation  of  controls  can provide
absolute  assurance that all control issues and instances of fraud, if any, will
be or have been detected.

      Effective  August 31,  2005,  subsequent  to the date of the filing of our
Form 10-KSB, our Company was merged with Corporate Strategies,  Inc. This merger
was pursuant to a merger  agreement  dated  August 31, 2005,  as reported on our
Form 8-K,  reported on August 31, 2005.  Pursuant to the merger,  Mr.  George D.
Kanakis, our President and CEO, has resigned as the sole officer of the Company.
Mr.  Timothy J. Connolly and Mr. A. P. Shukis have replaced Mr. Kanakis as Chief
Executive Officer and Chief Financial Officer, respectively. Our Chief Executive
Officer  and our Chief  Financial  Officer  have  concluded  that the  Company's
disclosure  controls  and  procedures,   although  still  containing  the  above
described  material  weakness,  have been improved and for the reasons  outlined
above, remain effective.

      There were no significant  changes in our internal controls over financial
reporting  that  occurred  during the year  ended  December  31,  2004 that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.


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<PAGE>

                                   SIGNATURES

      Pursuant  to the  requirements  of Section  13 or 15(d) of the  Securities
Exchange  Act of 1934,  the  registrant  has duly caused this  amendment to this
report to be signed on its behalf by the undersigned, thereunto duly authorized.

                                       NUWAVE TECHNOLOGIES, INC.
                                         (Registrant)


Date: October 28, 2005                 By: /s/ Timothy J. Connolly
                                           -------------------------------------
                                           Timothy J. Connolly,
                                           Chief Executive Officer
                                           Principal Executive Officer


Date: October 28, 2005                 By: /s/ A. P. Shukis
                                           -------------------------------------
                                           A. P. Shukis,
                                           Chief Financial Officer
                                           Principal Financial Officer


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