8-K

United States

Securities And Exchange Commission

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 14, 2007

FIRSTWAVE TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Charter)

Georgia	0-21202	58-1588291
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

7000 Central Parkway NE

Suite 330

Atlanta, GA 30328

(Address of principal executive offices)

678-672-3100

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

The following information is furnished pursuant to Item 8.01.

On August 14, 2007, Firstwave Technologies, Inc. issued a press release announcing the evaluation of options to change its Capital Structure. The full text of the press release is furnished as Exhibit 99.1 attached hereto and incorporated by reference into this report.

The information included and incorporated by reference into this Report is being furnished pursuant to "Item 8.01: Other Events" of Form 8-K. This information shall not be deemed "filed" or incorporated by reference into any filing made pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth in such filing.

Item 9.01 Financial Statements and Exhibits

(c)	Exhibits
99.1	Press Release issued by Firstwave Technologies, Inc. on August 14, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRSTWAVE TECHNOLOGIES, INC.
By:	/s/ Richard T. Brock
	Richard T. Brock
	Chief Executive Officer
	Principal Accounting Officer

Date: August 16, 2007

Index to Exhibits

99.1 Press Release, dated August 14, 2007, issued by Firstwave Technologies, Inc., reporting the evaluation of options to change its Capital Structure.

EX-99.1

Exhibit 99.1

For more information, contact:
	Richard T. Brock
	Chief Executive Officer
	rbrock@firstwave.net
	678-672-3100

FirstWave Begins to Evaluate Options to Change its Capital Structure

ATLANTA, August 14, 2007 - FirstWave Technologies, Inc. (NASDAQ: FSTW) today announced that its Board of Directors is in the process of evaluating several options that may be available in order to improve the Company’s future growth and financial performance. Such options include: (a) the possibility of taking FirstWave private, possibly via proposing a reverse split of its shares; and (b) infusing additional capital and/or proposing a methodology to encourage preferred shareholders to convert their shares to common stock in order to, among other things, increase the public float with respect to the number of its outstanding common shares. While the Company is evaluating several options, there is no assurance that this effort will result in any change.

ABOUT FIRSTWAVE

FirstWave® Technologies, Inc. is a provider of lead generation, lead nurturing and customer management and tracking solutions built upon a suite of Customer Relationship Management (CRM) products. FirstWave's solutions help customers find new prospects, continuously engage these prospects throughout the sales cycle and maintain contact with customers throughout their lifecycle. With 20 years of sales management software, FirstWave’s modular internet marketing, sales lead and customer management solutions, customers achieve results at every opportunity. FirstWave is headquartered in Atlanta, Georgia. For more information, visit the Company's web site at www.firstwave.net or call 1-800-540-6061.

### NOTE: Except for historical information contained herein, the matters set forth in this communication are "forward-looking statements" within the meaning of various provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by words such as will, expect, intends, believe, anticipates, should and words of similar meaning. FirstWave Technologies, Inc. (the "Company") notes 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 potential fluctuations in quarterly results due to delays in purchase decisions and other adverse market conditions, whether the parties will be able to successfully launch a combined product offering and develop any significant customer following from the transactions described in this release, the Company's dependence on other parties to continue to perform under the agreements described in this release, whether the Company will be able to continue diversification of its revenues, competition and technological developments, the Company’s capital requirements and other liquidity concerns, 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 under the caption "Certain Factors Affecting Forward-Looking Statements" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2006, as filed with the Securities and Exchange Commission ("SEC"), which discussions are incorporated herein by this reference. The information set forth herein is provided as of the date hereof. The Company does not assume, and expressly disclaims, any duty or obligation to update any of the information presented herein with respect to its consolidated operations or anticipated performance in 2007 or beyond.

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