Wavefront Technology Solutions Inc.: Retains Capital Ideas for Investor Relations 2011/12/30 at 8:58 am
EDMONTON, ALBERTA, Dec 20, 2011 (MARKETWIRE via COMTEX) –
Wavefront Technology Solutions Inc. (“Wavefront” or the
“Corporation”)
/quotes/zigman/528959 CA:WEE
+1.11%
, the leader in fluid injection
optimization for improved performance and profitability in the oil
and environmental sectors, is pleased to announce that it has
engaged, subject to prior TSX Venture Exchange approval, Capital
Ideas Investor Relations of Toronto, Ontario to implement a
comprehensive investment relations program for our Corporation.
Capital Ideas will assist Wavefront with its investor relations
program, including facilitating investor awareness, providing market
intelligence and research, designing corporate communications
materials and generally raising our Corporation’s profile in the
investment community.
Capital Ideas is a leading communications firm specializing in
attracting attention to well-managed and highly promising companies.
The firm’s clients range from micro-capitalization start-ups to
companies with more than $1 billion of revenues.
Under the engagement, Wavefront will compensate Capital Ideas
$6,000CAD per month. The term of engagement is twelve (12) months,
but may be terminated by either party with thirty (30) days written
notice. In addition, and in connection with the Capital Ideas’
engagement, the Corporation will file, in accordance with TSX Venture
Exchange Policies, a Summary Form disclosing the grant of an
aggregate of 100,000 incentive stock options pursuant to Wavefront’s
Stock Option Plan. The incentive stock options will be exercisable at
a price of $0.73 per share, or other such price as allowed by the TSX
Venture Exchange, for a period of five years, and will vest over a
period of 18 months. Capital Ideas will not engage in market making
activities and will restrict its services to investor relations
activities.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
About Wavefront:
Wavefront is a technology based, world leader in fluid injection
technology for improved/enhanced oil recovery and groundwater
restoration. Wavefront publicly trades on the TSX Venture Exchange
under the symbol WEE and the Company’s website is
www.onthewavefront.com .
Cautionary Disclaimer – Forward Looking Statement
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”, “believe”, “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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Wavefront Technology Solutions Inc.
Brett Davidson
President and CEO
780-486-2222
investor.info@onthewavefront.com
Wavefront Technology Solutions Inc.
D. Brad Paterson
CFO
780-486-2222
investor.info@onthewavefront.com
www.onthewavefront.com
SOURCE: Wavefront Technology Solutions Inc.
mailto:investor.info@onthewavefront.com
mailto:investor.info@onthewavefront.com
http://www.onthewavefront.com
Copyright 2011 Marketwire, Inc., All rights reserved.
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Dec. 29, 2011 4:50p