Wavefront Energy & Environmental Services Inc. settles lawsuit with Applied Seismic Research



    TSX-V: WEE
    Pink Sheets:   WEESF

    EDMONTON, June 26 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a world leader in fluid injection technology for
improved/enhanced oil recovery and groundwater restoration announces that it
has settled its lawsuit against Applied Seismic Research ("ASR") of Plano, TX
first announced October 17, 2007.
    Under the terms of the settlement agreement:

    
    1.  Wavefront will dismiss the pending lawsuit with prejudice, and agrees
        that it may not reassert and releases the claims that were dismissed
        without prejudice in the first lawsuit (see October 17, 2006 news
        release).

    2.  Each party will bear its own costs and attorneys' fees.

    3.  ASR's tools are not intended to increase or enhance injection rates.
        ASR represents and warrants that its tools have not been used in any
        well to inject fluid into a geological formation, and agrees that its
        tools will not be used in any well to inject fluid into a geological
        formation. Wavefront acknowledges that when ASR's tools are installed
        in an injection well, it may cause an incidental leakage of fluid of
        about a barrel per day, which fluid must be replaced.
    

    Wavefront President and CEO Brett Davidson stated, "It is important to
distinguish the vast difference between reservoir stimulation techniques. In
an attempt to induce oil flow, ASR generates a shockwave in wells having no
fluid connectivity to the oil producing reservoir. Conversely, Wavefront's
Powerwave systems are deployed in water, CO(2), or other injection wells
having full fluid connectivity to the reservoir. Powerwave generates an
intermittent fluid pressure pulse that provides more uniform injection of
fluids resulting in extended field life, greater ultimate oil recovery, and
increased asset value. The concession from ASR that they will not use their
technology to inject fluid is a considerable gain for Wavefront as it
clarifies any ambiguity concerning the product offering of ASR and that of
Wavefront's one-of-a-kind injection approach."
    Mr. Davidson further commented, "We continue to see impressive production
results related to Powerwave and are gaining significant attention in the
marketplace for improved waterfloods, CO(2) floods, etc. As the only company
offering this form of injection worldwide, Wavefront is in a unique and
amiable position to capitalize on Powerwave and the successes seen in the
field."

    About Wavefront Energy and Environmental Services Inc.

    Wavefront is a technology-based company with a focused, strategic plan to
leverage the value of our intellectual property in order to maximize oil
production recovery operations, as well as provide additional solutions for
environmental applications.

    ON BEHALF OF THE BOARD OF DIRECTORS

    WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

    "D. Brad Paterson" (signed)

    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





For further information:

For further information: D. Brad Paterson, CFO, (780) 486-2222 x224 Tel,
investor.info@onthewavefront.com

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WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

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