Wavefront Retains B&D Capital Partners for Investor Relations Outreach

EDMONTON, Alberta, April 10, 2018 (GLOBE NEWSWIRE) -- Wavefront Technology Solutions Inc. (Wavefront or the Company) (TSX-V:WEE) WFTSF a global leader in the advancement of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil ("IOR/EOR") recovery announces that it is engaging, subject to prior TSX Venture Exchange approval, B&D Capital Partner ("B&D") of Vancouver, British Columbia to assist Wavefront with its investor relations program, including facilitating investor awareness, and generally raising Wavefront's profile in the investment community.

Under the engagement, Wavefront will compensate B&D $5,000 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 B&D engagement, the Company will file, in accordance with TSX Venture Exchange Policies, a Summary Form disclosing the grant of an aggregate of 200,000 incentive stock options pursuant to Wavefront's Stock Option Plan. The incentive stock options will be exercisable at a price of $0.46 per share, or other such price as allowed by the TSX Venture Exchange, for a period of ten (10) years, and will vest over a period of 18 months.

"With Wavefront's evolution to an internationally focused technology provider and the growth the Company is experiencing with its core technology, Powerwave, in the Middle East, the Company believes it is an opportune time for an investor relations program that enhances corporate value by fostering relationships with key institutions; analysts; and the overall shareholder community," said Wavefront President and CEO Brett Davidson.

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 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.

For further information please contact:

D. Brad Paterson, CFO at 780-486-2222 or write to us at investor.info@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.

©2018 Wavefront Technology Solutions Inc. All rights reserved.
From Bit To Last Drop™, WaveAxe™, Powerwave™ and Primawave™ are registered trademarks of Wavefront Technology Solutions Inc., or its subsidiaries, or affiliates.

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.