Pink Sheets: WEESF
EDMONTON, Aug. 20 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a world leader in fluid injection technology for
improved/enhanced oil recovery and groundwater restoration is pleased to
announce that Powerwave will be deployed in a commercial project in Mitchell
County West Texas. This is the third commercial Powerwave project slated for
the oil-prolific West Texas region.
Wavefront President and CEO Brett Davidson stated, "We have made
considerable advancement in the oil sector now having a total of 24 Powerwave
systems installed, a further 51 systems confirmed to be installed, and an
additional 23 systems pending final authorization. Depending on client
scheduling, management anticipates that the bulk of the Powerwave systems
should be installed by the end of the calendar year."
Mr. Davidson further commented, "This has been a breakout year for
Wavefront in both the energy and environmental sectors where field results
related to Powerwave and Primawave have led to substantial interest from the
user community in the injection methodologies. With continued positive results
management remains confident that Powerwave and Primawave will quickly become
the injection methods of choice in the respective fields of use."
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
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,