![]() |
|
|
For Immediate Release |
TSX-V: WEE |
EDMONTON, Alta March 31, 2006/ Wavefront Energy and Environmental Services
Inc., a provider and licensor of its proprietary DeepWaveSM
(http://onthewavefront.com/dw_what-is-deep-wave.htm)
Technology for improved oil recovery and groundwater remediation is providing an
update on its complaint announced on February 14, 2006 and updated March 13,
2006 naming Applied Seismic Research Corporation (“ASR”) of Plano, Texas as
Defendant.
A motion brought forth by ASR to dismiss the complaint as well as a motion to
transfer the venue was held on March 30, 2006 in the United States District
Court for the Eastern District of Texas, Tyler Division. The court denied both
of ASR’s motions and is moving the case forward.
About Wavefront Energy and Environmental Services Inc.
Wavefront develops, markets, and licenses proprietary technologies in the energy
and environmental sectors. The Company’s patented DeepWaveSM
Technology is a proven and verified fluid flow optimization technique. Within
the energy sector the Company’s strategy is to license the technology to service
providers, provide site licenses to oil producers, and to acquire or earn
working interests in mature oilfields. In the environmental sector, DeepWaveSM
is licensed to service providers who implement the technology to reduce
long-term liabilities associated with contaminated sites.
|
For further information please
contact: |
D. Brad Paterson, CFO 780-486-2222 x224 Tel investor.info@onthewavefront.com |
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.
“D.
D.
|
Cautionary Disclaimer – Forward
Looking Statements |
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT.