Wavefront Technology Solutions Inc. Joins OTCQX
January 23 2012 - 6:18PM
Marketwired
Wavefront Technology Solutions Inc. ("Wavefront" or the "Company")
(TSX VENTURE: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, CFO & Director
About Wavefront:
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.
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.
Contacts: Wavefront Technology Solutions Inc. Brett Davidson
President and CEO 780-486-2222investor.info@onthewavefront.com
Wavefront Technology Solutions Inc. D. Brad Paterson CFO
780-486-2222investor.info@onthewavefront.com
www.onthewavefront.com
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