Mr. Brad Paterson reports

WAVEFRONT RECEIVES 12-MONTH CONTRACT WORTH AN APPROXIMATE US $1.25 MILLION

Wavefront Technology Solutions Inc. has been awarded by Petrobras a 12-month contract worth approximately $1.25-million (U.S.) to implement Powerwave in the Riachuelo oil field in the state of Sergipe, Brazil.

With proven reserves of 15.71 billion barrels of oil, Petrobras is the largest company in Latin America, the eighth largest publicly traded company in the world and the world's fifth largest integrated oil company. Petrobras represents 90 per cent of Brazilian oil production, and 20 per cent of global deep water and ultra deep water production.

"The Petrobras contract represents another significant international market development for Wavefront that includes Petroleum Development Oman in Oman; Pluspetrol and Pan American Energy in Argentina; Equion Energy in Colombia; and Weatherford de Mexico (for Pemex) in Mexico. We are extremely pleased that Petrobras recognizes the strength of Powerwave to bolster production and add reserve barrels," said Wavefront president and chief executive officer Brett Davidson. "Wavefront is planning on the Petrobras Powerwave installations to commence fall 2012."

We seek Safe Harbor.