SOURCE: Wavefront Energy and Environmental Services Inc.

October 09, 2007 08:30 ET

Wavefront Energy & Environmental Services Inc.: Powerwave™ Process Implemented in Alberta

EDMONTON, AB--(Marketwire - October 9, 2007) - Wavefront Energy and Environmental Services Inc. ("Wavefront") (TSX-V: WEE), a leader in technology development and implementation for improved oil recovery and optimized groundwater remediation, is pleased to announce that three Powerwave tool systems have been installed in Alberta in a pre-commercialization project first announced on June 28, 2007.

Wavefront President and CEO Brett Davidson stated, "We are pleased to have completed implementation of Powerwave and anticipate its meaningful benefits will lead to large-scale commercialization in the operator's water and CO2 floods. In the short-term Wavefront will execute further Powerwave implementation as well as expand the growing list of adopters that look to extract the greatest value possible out of a particular reservoir."

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.

Contact Information

  • For further information please contact:
    D. Brad Paterson
    CFO
    780-486-2222 x224 Tel
    Email Contact