EDMONTON, ALBERTA--(Marketwired - Dec. 22, 2016) - Wavefront Technology Solutions Inc. (Wavefront or the Company) (TSX VENTURE:WEE)(OTCQX:WFTSF), a global leader in the advancement of fluid injection technology for oil and gas well stimulation and improved/enhanced oil recovery, is pleased to announce that Mr. James ("Jimmy") Smith has joined Wavefront's Board of Directors.
Smith brings more than 35 years of extensive domestic and international experience with both major oil and gas and independent producers. He holds a Bachelor of Science in Petroleum Engineering from the University of Wyoming.
Most recently, Mr. Smith was Chief Operating Officer and Board member of Great Plains Operating, LLC ("GPO"). He brings widespread skills in the management, engineering, acquisition and divestiture of oil and gas companies. Smith's experience and connections in both the major and independent oil and gas company arena will be a great addition to our growing company.
Prior to GPO Smith was an equity partner and VP Operations with Grayhawk Energy in Texas, VP Operations with Cortez Oil and Gas as well as holding various operational and engineering positions with ARCO and Burlington Resources/Meridian Oil.
Mr. Smith commented, "I am delighted to join the Wavefront Board and look forward to working closely with Management and the other Board members to create greater awareness, momentum, and sales of Wavefront's Powerwave technology across the industry. I believe that the promise of Powerwave technology is incredibly high, and will unlock significant value once enough of the industry more fully understands Powerwave and the results it can deliver."
"Jimmy has a demonstrated track record of success and brings a highly valuable skill set and industry knowledge that can help guide Wavefront to new levels," said Wavefront President and CEO Brett Davidson. "All of us at Wavefront look forward to working with Jimmy and hold great optimism for his successful contributions to business development and Company oversight."
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
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 on the OTCQX under the symbol WFTSF. 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.
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From Bit To Last Drop™, WaveAxe™, Powerwave™ and Primawave™ are registered trademarks of Wavefront Technology Solutions Inc., or its subsidiaries, or affiliates.
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