Wavefront Technology Solutions Inc.: Clayton Williams Energy Deploying Powerwave in West Texas
19 Mai 2011 - 10:35PM
Marketwired
NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES
Wavefront Technology Solutions Inc. ("Wavefront" or the
"Corporation"), (TSX VENTURE: WEE) (PINK SHEETS: WFTSF), a leader
in fluid injection optimization for improved performance and
profitability in the oil and environmental sectors, is pleased to
announce that Clayton Williams Energy Inc. is deploying Powerwave
in a West Texas oil field. Clayton Williams is an independent oil
and gas company trading on the NASDAQ Stock Exchange with
operations primarily in Texas, New Mexico and Louisiana. Under the
terms of the agreement the exact field location, financial terms,
etc. cannot be released.
"We are very pleased to add an innovative company like Clayton
Williams to our client list, and we are confident in Powerwave's
ability to help them increase oil production and maximize ultimate
oil recovery," said Wavefront President and CEO Brett Davidson.
"The momentum we are seeing in increased interest in Powerwave is a
testament to the production benefits Powerwave continues to deliver
to a host of operators. We anticipate adding to our expanding list
of Powerwave clients in the near term."
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 780-486-2222 Wavefront Technology Solutions Inc.
D. Brad Paterson CFO 780-486-2222 investor.info@onthewavefront.com
www.onthewavefront.com
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