Wavefront Technology Solutions Inc.

Wavefront Technology Solutions Inc.

December 20, 2011 18:16 ET

Wavefront Technology Solutions Inc.: Retains Capital Ideas for Investor Relations

EDMONTON, ALBERTA--(Marketwire - Dec. 20, 2011) - Wavefront Technology Solutions Inc. ("Wavefront" or the "Corporation") (TSX VENTURE:WEE), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that it has engaged, subject to prior TSX Venture Exchange approval, Capital Ideas Investor Relations of Toronto, Ontario to implement a comprehensive investment relations program for our Corporation. Capital Ideas will assist Wavefront with its investor relations program, including facilitating investor awareness, providing market intelligence and research, designing corporate communications materials and generally raising our Corporation's profile in the investment community.

Capital Ideas is a leading communications firm specializing in attracting attention to well-managed and highly promising companies. The firm's clients range from micro-capitalization start-ups to companies with more than $1 billion of revenues.

Under the engagement, Wavefront will compensate Capital Ideas $6,000CAD per month. The term of engagement is twelve (12) months, but may be terminated by either party with thirty (30) days written notice. In addition, and in connection with the Capital Ideas' engagement, the Corporation will file, in accordance with TSX Venture Exchange Policies, a Summary Form disclosing the grant of an aggregate of 100,000 incentive stock options pursuant to Wavefront's Stock Option Plan. The incentive stock options will be exercisable at a price of $0.73 per share, or other such price as allowed by the TSX Venture Exchange, for a period of five years, and will vest over a period of 18 months. Capital Ideas will not engage in market making activities and will restrict its services to investor relations activities.



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.

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