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Abstract
Waveform has also obtained, as part of an exploratory drilling joint venture, a 74 square mile 3D seismic survey in a prospective area in northwest Alberta. This 3D seismic survey has a market value of approximately $2,000,000 if obtained outside of the joint venture. Waveform will use its proprietary seismic interpretation technology, which it holds the exclusive license for Canada, to evaluate the best possible drilling locations, and the overall potential of this area. The opportunities found from the technological analysis will then be drilled as a joint venture with the company that provided the 3D seismic and Waveform.
Additionally, Waveform has enlisted the services of Iradesso Communications Corp. ("Iradesso") to assist in the communication of WaveForm's growth plans and results to the investment community. Iradesso is a full-service investor relations and corporate communications firm based in Calgary with expertise in the junior oil and gas market. Waveform is retaining Iradesso in an investor relations capacity commencing on April 1, 2005, at a rate of $3,500 per month for a minimum of three months, after which the contract will continue until either party gives one month's notice to cancel. No employees of Iradesso own shares of Waveform.