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| PRESS RELEASE |
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WAVEFRONT ENERGY & ENVIRONMENTAL SERVICES
INC. |
For Immediate Release: |
Powerwave To Aid West Texas Waterflood Cautionary Disclaimer –
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
EDMONTON, Alta Aug 20, 2008/ Wavefront Energy
and Environmental Services Inc. (“Wavefront”), a world leader in fluid
injection technology for improved/enhanced oil recovery and groundwater
restoration is pleased to announce that Powerwave will be deployed in a
commercial project in Mitchell County West Texas. This is the third
commercial Powerwave project slated for the oil-prolific West Texas region.
Wavefront President and CEO Brett Davidson stated, “We have made
considerable advancement in the oil sector now having a total of 24
Powerwave systems installed, a further 51 systems confirmed to be installed,
and an additional 23 systems pending final authorization. Depending on
client scheduling, management anticipates that the bulk of the Powerwave
systems should be installed by the end of the calendar year.”
Mr. Davidson further commented, “This has been a breakout year for Wavefront
in both the energy and environmental sectors where field results related to
Powerwave and Primawave have led to substantial interest from the user
community in the injection methodologies. With continued positive results
management remains confident that Powerwave and Primawave will quickly
become the
injection methods of choice in the respective fields of use.”
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
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’’,
‘‘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 www.sedar.com. Wavefront expressly disclaims any obligation to
up-date any “forward-looking statements”, other than as required by law.