Wavefront Technology Solutions Inc. Joins OTCQX
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwire) -- 01/23/12 -- Wavefront Technology Solutions Inc. ("Wavefront" or the "Company") (TSX VENTURE: WEE) (OTCQX: WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that the Company will commence trading on the OTC market's prestigious tier, OTCQX International on January 24, 2012.
Investors can find current financial disclosures and Real-Time Level 2 quotes for Wavefront on .
Casimir Capital LP will serve as Wavefront's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
Wavefront would also like to announce that it completed its first Canadian well stimulation using the recently acquired intellectual property of Vortech Inc., of Midland, TX announced January 3, 2012. The coil tubing stimulation was conducted for Husky Oil to remove debris and fines from a newly drilled horizontal well in northwestern Alberta.
"We are very pleased to commence trading on the OTCQX which provides Wavefront a respected supplementary trading platform and exposes Wavefront to a larger audience of retail and institutional investors", stated Wavefront President and CEO, Brett Davidson.
The Company also advises that due to recent change in Canadian accounting practices and the adoption of International Financial Reporting Standards ("IFRS") that reporting deadline for Wavefront's first quarter ending November 30, 2011 is February 28, 2012 (normally January 29, 2012). Normal reporting deadlines will apply subsequent to the first quarter ending November 30, 2011.
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 .
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 . 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
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.01.2012 - 23:18 Uhr
Sprache: Deutsch
News-ID 106905
Anzahl Zeichen: 0
contact information:
Town:
EDMONTON, ALBERTA
Kategorie:
Oil & Gas
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