Wavefront Engages Casimir Capital L.P. as Principal American Liaison
22 Novembre 2011 - 8:29PM
Marketwired
Wavefront Technology Solutions Inc. ("Wavefront" or the
"Corporation") (TSX VENTURE:WEE), the leader in fluid injection
optimization for maximizing reservoir oil recovery, is pleased to
announce that it has engaged Casimir Capital L.P. of New York, New
York to act as the Corporation's Principal American Liaison,
responsible for providing guidance on OTCQX requirements, in
connection with the Corporation's planned listing on the
International OTCQX.
OTC Markets Group Inc. provides the inter-dealer electronic
quotation and trading system in the over-the-counter ("OTC")
securities market. OTCQX is the premier tier of the OTC market, and
offers international companies a visible presence in the United
States of America ("U.S."), without the duplicative regulatory
burdens of a traditional U.S. exchange listing. The International
OTCQX is not a stock exchange, stock market or regulated market.
International OTCQX is comprised of a community of public issuers
with sound operating businesses that have agreed with Pink OTC
Markets and each other to provide accurate, timely and reliable
information to U.S. investors. The Corporation's planned
application to the International OTCQX is by no means assured, and
all required listing requirements must first be met before a
listing may be granted. Wavefront's shares will continue to trade
and will remain listed on the TSX Venture Exchange in Canada under
the symbol "WEE".
Wavefront President and CEO Brett Davidson commented: "we hope
that the planned OTCQX listing will assist in the liquidity for our
U.S. shareholders and provide Wavefront more exposure to U.S.
investors, while Wavefront continues its commercial progress."
In connection with the current trading activity and price
increase, management is not aware of any other material undisclosed
information.
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 Corporation'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. Examples of such forward-looking
statements in this news release include, but are not limited to,
expectations as to the planned listing of the Corporation on the
OTCQX and that such listing if achieved will bring greater
liquidity to U.S. investors. 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
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
conditions and general economic, market or business 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 780-486-2222investor.info@onthewavefront.com
Wavefront Technology Solutions Inc. D. Brad Paterson CFO
780-486-2222investor.info@onthewavefront.com
Wavefront Technology Sol... (TSXV:WEE)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Wavefront Technology Sol... (TSXV:WEE)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024