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                                  SCHEDULE 14A
                                 (RULE 14A-101)

                    INFORMATION REQUIRED IN PROXY STATEMENT

                            SCHEDULE 14A INFORMATION
          PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
                    EXCHANGE ACT OF 1934 (AMENDMENT NO.   )

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[ ]  Preliminary Proxy Statement                [ ]  Confidential, for Use of the Commission
                                                     Only (as permitted by Rule 14a-6(e)(2))
[ ]  Definitive Proxy Statement
[ ]  Definitive Additional Materials
[X]  Soliciting Material Under Rule 14a-12



                          FIRSTWAVE TECHNOLOGIES, INC.
- --------------------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)


- --------------------------------------------------------------------------------
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)


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          pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
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CONTACT:          ASHLEY NALLS
                  DIRECTOR OF MARKETING
                  FIRSTWAVE TECHNOLOGIES, INC.
                  770-431-1313
                  ASHLEYN@FIRSTWAVE.NET

FIRSTWAVE RETAINS NASDAQ LISTING, MOVES TO SMALLCAP MARKET

Atlanta, GA - Firstwave(R) Technologies, Inc., (NASDAQ: FSTW) announced today
that its common stock will move to The Nasdaq SmallCap Market, effective August
8, 2001. The Company's common stock will continue to be listed on The Nasdaq
SmallCap Market pursuant to an exception from the Net Tangible Assets and
Minimum Bid Price requirements. While Firstwave failed to meet the requirements
as of April 19, 2001, the Company was granted a temporary exception from the
standards subject to Firstwave meeting certain conditions. The exception
requires the Company to report net tangible assets in excess of $3.5 million by
September 4, 2001, and for the Company's common stock to demonstrate a closing
bid price at or above $1.00 per share on or before September 4, 2001 and
immediately thereafter a closing bid price at or above $1.00 for at least 10
consecutive trading days. Satisfaction of these conditions will require that
the Company's shareholders approve the various matters contained in the
Company's recently filed preliminary proxy statement for consideration at a
special meeting of shareholders currently scheduled for August 29, 2001. In the
event the Company is deemed to have met the terms of the exception, its common
stock shall continue to be listed on The Nasdaq SmallCap Market. The Company
believes that it can meet these conditions; however, there can be no assurance
that it will do so. If at some future date the Company's securities should
cease to be listed on The Nasdaq SmallCap Market, the securities may continue
to be listed in the OTC-Bulletin Board. For the duration of the exception, the
Company's Nasdaq symbol temporarily will be FSTWC. The "C" would be removed
from the symbol at such time as the Company satisfies all the conditions of the
exception.

In their letter of August 3, 2001, addressing the determination of the Listing
Qualifications Panel after the July 19, 2001 oral hearing, Nasdaq noted: "THE
PANEL ALSO EXPRESSED CONFIDENCE IN THE COMPANY'S ABILITY TO SUSTAIN COMPLIANCE
WITH ALL REQUIREMENTS FOR CONTINUED LISTING ON THE NASDAQ SMALLCAP MARKET. . ."

 "In our hearing, we had to show both our ability to regain compliance with the
Nasdaq listing requirements, but more importantly, I believe, our ability to
sustain compliance over an extended period. We are very pleased that after
reviewing all of the detailed information we submitted, the review panel
concurred that Firstwave should remain a Nasdaq company," said Richard Brock,
Firstwave's CEO. "Firstwave's management team and Board believe that the
Company can continue to improve financial performance even in these most
challenging times. In certain ways, the current tough economic conditions work
in the Company's favor as buyers are seeking short term paybacks on reasonable
investments rather than the "hoped for" future paybacks on massive systems. In
many ways, the buyers of Customer Relationship Management systems are more


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discriminatory and are looking for products that deliver price performance and
are easily deployable, having learned from the large implementation failures of
massive ERP systems," continued Brock.


ABOUT FIRSTWAVE

Firstwave(R) (www.firstwave.net) provides web-based, eCRM solutions that
automate and optimize how companies get, keep and grow customer relationships.
Firstwave offers one of the only true, 100% web-based CRM applications in the
market today. Originally founded in 1984 as Brock Control Systems, Firstwave
maintains the depth and industry experience required to address unique business
needs of mid-market companies. With 17 years of experience in relationship
management, Firstwave holds the distinction of being the Best Internet Based
CRM Solution as cited by the Denali Group for two consecutive years and has
received the CRM Excellence Award by the Technology Marketing Corporation.

NOTE: Except for historical information contained herein, the matters set forth
in this letter are forward-looking statements. The Company noted that the
forward-looking statements set forth above involve a number of risks and
uncertainties that could cause actual results to differ materially from any
such statement, such as the Company's capital requirements and other liquidity
concerns and related doubt as to the Company's ability to continue as a going
concern, potential fluctuations in quarterly results due to market demand,
competition, technological developments, the Company's ability to continue to
comply with Nasdaq listing requirements, and the size, timing, and contractual
terms of orders, and also the risks and uncertainties discussed in the
Company's Annual Report on Form 10-K for the year ended December 31, 2000,
filed with the Securities and Exchange Commission, under the caption "Certain
Factors Effecting Forward Looking Statements," which discussion is incorporated
herein by this reference.

WHERE YOU CAN FIND ADDITIONAL INFORMATION:

Investors and security holders of Firstwave Technologies, Inc. are advised to
read the proxy statement regarding the proposals being considered at the
special meeting, when it becomes available, because it will contain important
information. Firstwave expects to mail a proxy statement about the special
meeting to its shareholders. A preliminary proxy statement was filed by
Firstwave with the Securities and Exchange Commission on July 25, 2001, and the
Company will file a definitive proxy statement as soon as it is appropriate to
do so. Investors and security holders may obtain a free copy of both the
preliminary and the definitive proxy statement (when available) as well as the
annual report, quarterly reports, current reports and other documents filed by
the company at the Securities and Exchange Commission's Web site at
http://www.sec.gov. The definitive proxy statement and such other documents may
also be obtained free of charge from Firstwave Technologies.

Firstwave and its officers and directors may be deemed to be participants in
the solicitation of proxies from shareholders of Firstwave with respect to the
proposals presented to its shareholders at the special meeting. Information
regarding such officers and directors is included in Firstwave's Annual Report
on Form 10-K for the year ended December 31, 2000, as filed with the Securities
and Exchange Commission, and a description of any interests that they have in
the proposals before the shareholders at the special meeting will be available
in the proxy statement. The Form 10-K is, and the proxy statement will be,
available free of charge at the Securities and Exchange Commission's Web site
at http://www.sec.gov and from Firstwave.




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