EDMONTON, Alta January 23, 2012- Wavefront Technology
Solutions Inc. ("Wavefront" or the "Company", TSX-V: WEE;
OTCQX: WFTSF), the leader in fluid injection optimization for
improved performance and profitability in the oil and
environmental sectors, is pleased to announce that the
Company will commence trading on the OTC market's prestigious
tier, OTCQX International on January 24, 2012.
Investors can find current financial disclosures and
Real-Time Level 2 quotes for Wavefront on www.otcmarkets.com. Casimir
Capital LP will serve as Wavefront's Principal American
Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements and U.S. securities laws.
Wavefront would also like to announce that it completed its
first Canadian well stimulation using the recently acquired
intellectual property of Vortech Inc., of Midland, TX
announced January 3, 2012. The coil tubing stimulation was
conducted for Husky Oil to remove debris and fines from a
newly drilled horizontal well in northwestern Alberta.
"We are very pleased to commence trading on the OTCQX which
provides Wavefront a respected supplementary trading platform
and exposes Wavefront to a larger audience of retail and
institutional investors", stated Wavefront President and CEO,
Brett Davidson.
The Company also advises that due to recent change in
Canadian accounting practices and the adoption of
International Financial Reporting Standards ("IFRS") that
reporting deadline for Wavefront's first quarter ending
November 30, 2011 is February 28, 2012 (normally January 29,
2012). Normal reporting deadlines will apply subsequent to
the first quarter ending November 30, 2011.
ON BEHALF OF THE BOARD OF DIRECTORS WAVEFRONT TECHNOLOGY
SOLUTIONS INC. "D. Brad Paterson" (signed)
D. Brad Paterson, CFO & Director
Wavefront is a technology based, world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and the Company's website is www.onthewavefront.com.
For further information please contact:Brett Davidson, President and CEO or D. Brad Paterson, CFO at 780-486-2222 or write to us at investor.info@onthewavefront.com
Cautionary Disclaimer - Forward Looking Statement
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'', "believe", ''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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
distribué par | Ce noodl a été diffusé par Wavefront Technology Solutions Inc. et initialement mise en ligne sur le site http://www.onthewavefront.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-24 00:57:19 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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