Wavefront Technology Solutions Inc V.WEE.H

RE:RE:AGM?Mikhal?

[mikhal]

Yes I ended and was pleased I did. Overall feeling of confidence in confidence in Corporate positioning and direction by our directors and officers. There were 2 from Toronto area myself from PEI and I assumed 4 from USA. Thus 6 directors seven shareholders and one non executive employee in Mrs. Davidson. The focus for the coming year is STIM and to broaden market awareness of there offerings. A specific move will be to try to get more white paper presentations by customers. ( Schlumberger is to present their stim experience at a conference in Baton Rouge next month). There focus is on training and acquiring more agents to be the feet on the ground re stim work.( there were 3 employees of Pan American in Alberta last week training : 2 from Weatherford Columbia and 2 from another agent in Mexico at last weeks training event re WEE tools ). There was some tweeking required in Drill Bit tool but the complaint was only US not Canada ( go figure ). Expect modest growth in Drill going forward and some of this revenue was classed as STIM by agent so there was slightly more drilling than reported . The bulk of the STIM revenue in Canada was with the WEE tools and the bulk in USA was Vortech tools . The company believes more education of agents probably would mean more use of each toll in the opposite country is more appropriate for the customers job. Margins will be similar whether sale model or rental model is used fro EOR. As an aside it was mentioned that one STIM toll was rented 3 times in the same day recently in the USA. No discussion of the start of Petrobras although there was mention of a several hundred thousand deposit already in trust with the company. No mention of action in the Middle East. Peace to all. Mikhal