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| PRESS RELEASE |
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WAVEFRONT ENERGY & ENVIRONMENTAL SERVICES
INC. |
For Immediate Release: |
Primawave Implemented In New Jersey
EDMONTON, Alta Oct 29, 2007/ Wavefront Energy and Environmental Services
Inc. (“Wavefront”), a leader in technology development and implementation
for improved oil recovery and optimized groundwater remediation is pleased
to announce that the Primawave Process is currently being utilized to
optimize the injection of a remedial fluid in a challenging geological
setting. The two acre industrial site located in Little Falls, New Jersey,
is the subject of a large-scale project where 38,000 gallons of lactate is
being placed through 100 injection points to neutralize a chlorinated
solvent impacting groundwater quality.
Wavefront President and CEO Brett Davidson commented, “There is significant
interest and growing demand for Primawave in the groundwater remediation
sector where 450,000 to 500,000 contaminated sites exist in the United
States representing an estimated market size of 10 billion dollars per annum1.
Wavefront has aligned itself with a well positioned eastern United States
environmental service company who is using Primawave to differentiate itself
from competitors for the purpose of capturing greater market share in the
remedial injection market. There are imminent projects pending and
management looks to further expand Primawave’s utilization in the United
States as Wavefront situates itself with a leading California based
environmental service contractor.”
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 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.
1Key Statistics on Global Remediation Market (AHC Group, 2007)
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT