EDMONTON, ALBERTA -- (Marketwired) -- 10/08/14 -- Wavefront Technology Solutions Inc. (Wavefront or the Company) (TSX VENTURE: WEE)(OTCQX: WFTSF), a technology provider offering fluid delivery processes to oil and gas producers for maximizing reserves in Enhanced Oil Recovery ("EOR") projects as well as substantially enhancing single well stimulation outcomes, announces that it has engaged, subject to prior TSX Venture Exchange approval, Torrey Hills Capital ("Torrey Hills") of Rancho Santa Fe, California to implement a comprehensive investment relations program for our Company. Torrey Hills will assist Wavefront with its investor relations program, including facilitating investor awareness, and generally raising our Company's profile in the investment community.
Torrey Hills is a leading investment relations firm specializing in marketing small and microcap companies to investors in more than 50 cities across the United States and Canada.
Under the engagement, Wavefront will compensate Torrey Hills US$6,000 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 Torrey Hills engagement, the Company 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 $0.25 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. Torrey Hills 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 on the OTCQX under the symbol WFTSF. 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.
©2013 Wavefront Technology Solutions Inc. All rights reserved. From Bit To Last Drop™, Powerwave™ and Primawave™ are registered trademarks of Wavefront Technology Solutions Inc.
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:
Cora Klein
Communications Co-ordinator
780-486-2222 ext. 229
investor.info@onthewavefront.com
