Tuesday, October 26, 2010 12:08:32 PM
PRESS RELEASE October 26,2010
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
Pink Sheets: WFTSF
For Immediate Release:
-------------------------------------------------------------------------------
Energy Trust Turns To Powerwave To Unlock More Oil From Its Operations
EDMONTON, Alta October 26, 2010/ Wavefront Technology Solutions Inc. (“Wavefront” or the “Company”; TSX-V: WEE), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater is pleased to announce that an Alberta based energy trust will deploy three Powerwave systems to unlock more oil from its southeastern Alberta production operations. Under the terms of the agreement the client name, field location, and financial terms cannot be released. The client has agreed to take delivery of and be responsible for licensing fees related to Powerwave equipment ninety days from the contract execution date as outlined in a new Wavefront contractual standard designed to expedite Powerwave tool installation and realize earlier revenue recognition.
“The positive case histories Wavefront is generating in the Western Canadian Sedimentary Basin and elsewhere continue to create interest in Powerwave as oil producers seek cost-effective methods of extending field life and increasing oil recovery,” said Wavefront President and CEO, Brett Davidson. “We have consistently demonstrated that when it comes to producing oil Powerwave can play a vital role in improving production performance to enhance field economics.”
For further information please contact:
D. Brad Paterson, CFO
780-486-2222 ext. 224 Tel
investor.info@onthewavefront.com
www.onthewavefront.com
On behalf of the Board Of Directors, Wavefront Technology Solutions Inc.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and Director
futr
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
Pink Sheets: WFTSF
For Immediate Release:
-------------------------------------------------------------------------------
Energy Trust Turns To Powerwave To Unlock More Oil From Its Operations
EDMONTON, Alta October 26, 2010/ Wavefront Technology Solutions Inc. (“Wavefront” or the “Company”; TSX-V: WEE), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater is pleased to announce that an Alberta based energy trust will deploy three Powerwave systems to unlock more oil from its southeastern Alberta production operations. Under the terms of the agreement the client name, field location, and financial terms cannot be released. The client has agreed to take delivery of and be responsible for licensing fees related to Powerwave equipment ninety days from the contract execution date as outlined in a new Wavefront contractual standard designed to expedite Powerwave tool installation and realize earlier revenue recognition.
“The positive case histories Wavefront is generating in the Western Canadian Sedimentary Basin and elsewhere continue to create interest in Powerwave as oil producers seek cost-effective methods of extending field life and increasing oil recovery,” said Wavefront President and CEO, Brett Davidson. “We have consistently demonstrated that when it comes to producing oil Powerwave can play a vital role in improving production performance to enhance field economics.”
For further information please contact:
D. Brad Paterson, CFO
780-486-2222 ext. 224 Tel
investor.info@onthewavefront.com
www.onthewavefront.com
On behalf of the Board Of Directors, Wavefront Technology Solutions Inc.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and Director
futr

