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For Immediate Release |
TSX-V: WEE |
EDMONTON, Alta October 26, 2006/ Wavefront Energy
and Environmental Services Inc., a provider and licensor of proprietary
technology for improved oil recovery and groundwater remediation is pleased to
announce that a new environmental tool has been successfully applied with
Environmental Resources Management Inc. (“ERM”) a licensee of the Company’s
patented fluid flow technology, now marketed as the “Primawave” process in the
environmental sector.
Conducted with a branch of the United States military, the new tool employed a
novel tool design known as the “Hornet”. ERM’s vast experience recognizes that a
key factor in achieving a successful remedial project is the delivery of
remedial treatment liquids to targeted locations in the subsurface. Development
of the Hornet was driven to meet market demand for a low cost, effective device
with unlimited chemical compatibility for targeted delivery of remedial
treatment liquids. At the field trial site, the Hornet was successful in
delivering a mixture of magnesium sulphate (Epsom salts) and potassium nitrate
for the treatment of benzene as well as emulsified edible oil for the indirect
treatment of chlorinated hydrocarbons.
Wavefront President and CEO, Brett Davidson stated, “We are pleased to see ERM
continue to use the Primawave process where they have seen the technique inject
liquids more uniformly and up to three to five times faster than traditional
pressure injection. There exists a large potential market for Wavefront’s
Primawave Process and more specifically, the Hornet, in the environmental sector
where the US Federal Government estimates it will spend US $ 239 billion over
the next 75 years, and private industry is spending US $4.5 billion per annum1.
Management believes the success of the Hornet tool can the leverage the Primawave process to companies who depend on the rapid and efficient placement
of treatment remedies at multiple injection sites. To this end, the Company’s
strategy is to license Primawave and Horent tools to environmental consulting
and service companies. At present the Company is reviewing additional licensing
options with other environmental consulting and service companies”.
About Wavefront Energy and Environmental Services Inc.
Wavefront offers a patented fluid flow technology that improves oil production,
oil well stimulation, and optimizes groundwater remediation. Within the energy
sector, the Wavefront’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 Wavefront’s patented
process is licensed to service providers who implement the technology to reduce
long-term liabilities associated with contaminated sites.
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Investor Contact: |
Brad Paterson, CFO and
Director 780-486-2222 ext. 224 Tel investor.info@onthewavefront.com |
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.
“D.
D.
1
http://www.asce.org/reportcard/pdf/wisconsin14.pdf
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Cautionary Disclaimer – Forward Looking Statements |
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Certain statements contained
herein regarding the Company and its operations constitute “forward-looking
statements” within the meaning of the United Sates Private Securities Litigation
Reform Act of 1995. All statements that are not historical facts, including
without limitation statements regarding future estimates, plan, objectives,
assumptions or expectations or future performance, are “forward-looking
statements”. 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. The
Company expressly disclaims any obligation to up-date any “forward-looking
statements”. |
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT.