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| PRESS RELEASE |
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WAVEFRONT ENERGY & ENVIRONMENTAL SERVICES
INC. |
For Immediate Release: |
WEE Terminates Non-Binding Letter Of Intent To
Acquire Ici Solutions Inc.
EDMONTON, Alta June 27, 2007/ Wavefront Energy and Environmental Services
Inc. (“Wavefront”), a leader in technology development and implementation
for improved oil recovery and optimized groundwater remediation announces
that that it will not be proceeding with the anticipated acquisition of
I.C.I. Solutions Inc., first disclosed in a press release dated January 8,
2007.
Wavefront also wishes to announce that it has been approved by Standard and
Poor’s (“S&P”) of New York for publication in the S&P Market Access Program.
This listing includes the Corporation’s profile being added to the S&P
Corporation Records, S&P Daily News, S&P MarketScope and the S&P Market
Access Website at
www.advisorinsight.com. Under the “Blue Sky” laws the S&P Market Access
Program provides an exemption for the secondary trading of Wavefront’s
securities in at least 37 U.S. States that recognize the S&P Corporation
Records manual. The approval for the listing will assist the U.S. investor
in their ability to trade in Wavefront’s securities.
About Wavefront Energy and Environmental Services Inc.
Wavefront is a technology-based company with a focused, strategic plan to
leverage the value of our intellectual property in order to maximize oil
production recovery operations, as well as provide additional solutions for
environmental applications.
For further information please contact:
Brad Paterson, CFO
780-486-2222 ext. 224 Tel
investor.info@onthewavefront.com
On behalf of the Board Of Directors, Wavefront Energy & Environmental
Services Inc.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and Director
Cautionary Disclaimer –
Forward Looking Statements
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
| © 2007 Wavefront Energy & Environmental Services Inc. All
rights reserved. Powerwave™ and Primawave™ are registered trademarks of
Wavefront Energy and Environmental Services, Inc. |
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