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For Immediate Release |
TSX-V: WEE |
Incentive Stock Option Issuance
EDMONTON, Alta January 11, 2006/ Wavefront Energy and Environmental Services
Inc., a provider of innovative technologies for increased oil production and
groundwater remediation, wishes to announce that the Company will file, in
accordance with TSX Venture Exchange policy, a Summary Form disclosing the
granting of an aggregate of 725,000 incentive stock options pursuant to the
Company's Stock Option Plan. Of the 725,000 incentive stock options being
granted, 525,000 incentive stock options are being granted to three directors of
the Company. The options will be exercisable at a price of $2.95 per share, for
a period of five years. The options are subject to a hold period of 4 months
and vesting period of 18 months, in accordance with the Company's Stock Option
Plan and Exchange policy.
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.
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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.
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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.