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Published in Stocks and Investing on Thursday, June 18th 2009 at 8:59 GMT, Last Modified on 2009-06-18 09:00:12 by Market Wire
EDMONTON, ALBERTA--(Marketwire - June 18, 2009) - Wavefront Technology Solutions Inc. (TSX VENTURE:WEE) (PINK SHEETS:WEESF) ("Wavefront"), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater, is pleased to announce that three Powerwave tools have been deployed on an [ oil platform ] off the coast of Long Beach, California.
"A key to [ oil recovery ] in a [ waterflood ] is the ability to inject fluid to drive oil to [ production wells ]. In this offshore operation, Powerwave has been selected because of its superior ability to increase both [ water injection ] rate and [ oil production ]," said Wavefront's President and CEO Brett Davidson. "Given Wavefront's successful track record, we are confident that Powerwave will ultimately be used with all [ water injectors ] on the platform."
About Wavefront Technology Solutions Inc.
Wavefront specializes in designing and developing leading-edge techniques for oil well stimulation, improved oil recovery, and environmental groundwater remediation.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
Cautionary Disclaimer - Forward Looking Statements
Certain statements contained herein regarding Wavefront and its operations constitute "forward-looking statements" within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are "forward-looking statements". In some cases, forward-looking statements can be identified by terminology such as ''may'', ''will'', ''should'', ''expect'', ''plan'', ''anticipate'', ''believe'', ''estimate'', ''predict'', ''potential'', ''continue'' or the negative of these terms or other comparable terminology. We caution that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront's Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront's continuous disclosure filings, available on SEDAR at [ www.sedar.com ]. Wavefront expressly disclaims any obligation to up-date any "forward-looking statements", other than as required by law.
The TSX Venture Exchange neither approves nor disapproves the contents of this release which was prepared solely at the discretion of management.
