Received by email:
File: Pan American - Board Options (14 Nov 12).docx
Wavefront Complete Pan American Energy Installations
And Issues Board Options
EDMONTON, Alta., November 14, 2012 Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; TCQX
--->: WFTSF) wishes to announce that it has completed the installation Powerwave waterflood tools with Pan American Energy
---> (PAE) in PAE's Cerro Dragon field, in Argentina. PAE is the second largest oil producer in Argentina and is jointly o
--->wned by BP and Bridas Corporation.
The Corporation also announces that it will file, in accordance with TSX Venture Exchange policy, a Summary Form discl
--->osing the granting of an aggregate of 75,000 incentive stock options pursuant to the Wavefront's Stock Option Plan. T
--->he stock options are being issued to a new director of the Company. The options will be exercisable at $0.41 per shar
--->e, or other such other price as allowed by the TSX Venture Exchange, for a period of five years. In accordance with W
--->avefront's Stock Option Plan and Exchange policy, the incentive stock options are subject to a hold period of 4 months
---> and vesting period of 18 months.
Continuous innovation is at the core of Wavefront's technology offerings in the oil and gas and environmental sectors.
---> The Corporation is pleased to announce that Alberta Venture Magazine recently named Wavefront one of the 25 Most Inno
--->vative Organizations.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
"D. Brad Paterson" (signed)
D. Brad Paterson, CFO & Director
About Wavefront:
Wavefront is a technology based world leader in fluid injection technology for improved/enhanced oil recovery and grou
--->ndwater 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.
For further information please contact:
Brett Davidson, President and CEO or D. Brad Paterson, CFO at 780-486-2222 or write to us at investor.info@onthewavefr
--->ont.com
Cautionary Disclaimer - Forward Looking Statement
Certain statements contained herein regarding Wavefront and its operations constitute "forward-looking statements" wit
--->hin the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Al
--->l 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, forwa
--->rd-looking statements can be identified by terminology such as ‘‘may'', ‘‘will'', ‘̵
--->6;should'', ‘‘expect'', ‘‘plan'', ‘‘anticipate'', ‘‘believe'', ‘
--->‘estimate'', ‘‘predict'', ‘‘potential'', "believe", ‘‘continue'' or the nega
--->tive 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 an
--->d Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products a
--->nd 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 fili
--->ngs, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any "forward-lookin
--->g statements", other than as required by law.
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