Wavefront Technology Solutions Inc.
TSX VENTURE : WEE
PINK SHEETS : WFTSF

Wavefront Technology Solutions Inc.

November 08, 2010 12:19 ET

TriAxon Oil Corp Deploying Six Powerwave Systems to Generate More Oil Production From Its Operations

EDMONTON, ALBERTA--(Marketwire - Nov. 8, 2010) - Wavefront Technology Solutions Inc. ("Wavefront" or the "Company") (TSX VENTURE:WEE) (PINK SHEETS:WFTSF), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater is pleased to announce that Alberta based TriAxon Oil Corp will deploy six Powerwave systems to increase water injection rates and unlock more oil from its production operations. Under the terms of the agreement the field location and financial terms cannot be released.

"We are very excited about this opportunity to demonstrate to TriAxon how the Powerwave-driven flooding approach will unlock oil from tight porous rock that may otherwise have remained stranded" said Wavefront President and CEO, Brett Davidson. "One of Powerwave's strengths is its multiple tool designs, which allow it to carry out operations across a wide and varied range of reservoir conditions. Powerwave is also more efficient than traditional flooding methods and has a growing track record of improving production rates and slowing production decline."

"We believe significant upside exists with the introduction of non-steady state and transient injection to existing enhanced oil recovery schemes" said TriAxon Vice President of Engineering, Michael Scase.

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 http://www.onthewavefront.com.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

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'', "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.

Contact Information