UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB/A
                                   (MARK ONE)

                [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 2005

                                       or

               [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

      For the transition period from _________________ to _________________

                         Commission file number 0-28606

                            NUWAVE TECHNOLOGIES, INC.
              (Exact Name of Small Business Issuer in Its Charter)

              DELAWARE                                       22-3387630
    (State or Other Jurisdiction                            (IRS Employer
  of Incorporation or Organization)                      Identification No.)

                          101 Hudson Street, Suite 3701
                          Jersey City, New Jersey 07302
                    (Address of Principal Executive Offices)

                                 (201) 309-1880
                (Issuer's Telephone Number, Including Area Code)

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

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 [ ]

The number of shares of Common Stock outstanding as of May 14, 2005: 2,529,303


                            NUWAVE TECHNOLOGIES, INC.
                                  FORM 10-QSB/A

EXPLANATORY STATEMENT

We are filing  this  Amendment  No. 2 on Form  10-QSB/A  to  provide  additional
information in regard to Item 3, Controls and Procedures. As a result of changes
to Item 3, we are filing also new  Certifications  as Exhibits 31.1,  31.2, 32.1
and 32.2.

ITEM 3. CONTROLS AND PROCEDURES

      The Company's Chief 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 report. 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, although effective, 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.
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-QSB, 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 changes in our internal  controls over  financial  reporting
that  occurred  during the quarter  ended  March 31,  2005 that have  materially
affected,  or are reasonably likely to materially  affect,  our internal control
over financial reporting.


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Limitations on the Effectiveness of Controls

      We  believe  that a  control  system,  no  matter  how well  designed  and
operated,  cannot provide absolute  assurance that the objectives of the control
system are met, and no  evaluation  of controls can provide  absolute  assurance
that all control  issues and instances of fraud,  if any,  within a company have
been detected.  Our disclosure controls and procedures are designed to provide a
reasonable  assurance  of achieving  their  objectives  and our Chief  Executive
Officer and Principal  Financial  Officer has  concluded  that such controls and
procedures are effective at the "reasonable assurance" level. However, we do not
currently have any operating businesses.


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                                   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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