Topic: How To Invest

Hi Pat: What’s your view of Wavefront Technology Solutions Inc.? Thanks.

Article Excerpt

Wavefront Technology Solutions, $0.92, symbol WEE on Toronto (Shares outstanding: 76.1 million; Market cap: $76.1 million; www.onthewavefront.com), develops techniques and tools that help oil companies get more out of their wells. The company also removes pollution from groundwater. In early 2009, the company changed its name from Wavefront Energy and Environmental Services. Wavefront’s main technology is called Powerwave. This system generates pulses of pressure that momentarily expand rock and soil pores and improve fluid flow in the ground. In addition to oil, the system can be used to distribute treatment chemicals into contaminated underground sites. Powerwave is marketed to environmental clients as Primawave. In the three months ended February 28, 2011, Wavefront’s revenue rose 100.3%, to $1.0 million from $500,638 a year earlier. The company lost $0.01 a share, compared to a loss of $0.03 a share. It holds cash of $26.7 million, or $0.35 a share, and has no debt. Wavefront continues to add new customers, including a contract with Pluspetrol S.A….