Pulse Seismic Inc. press release
Pulse Data Inc. closes sale of Trango Technologies Inc.
TSX - Toronto Stock Exchange ยท Canada
TSX Symbol - PSD
CALGARY, Aug. 1 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") is pleased to announce that further to the announcement on May 15, 2006, it has closed the sale of its wholly owned subsidiary, Trango Technologies Inc. ("Trango") to Fugro Canada Inc. for $1.8 million plus a working capital adjustment. Ken MacDonald, President and CEO of Pulse stated, "We believe this disposition will be a very good situation for Trango, and will allow an accelerated deployment of its products and technologies on a worldwide basis, and will allow Pulse to continue to focus on its core business."
Pulse is a Calgary-based company specializing in data ownership through acquisition, marketing and information management, with a current focus on the energy sector. Through its operating segments, Pulse Seismic and Terrapoint, the Company has evolved into an industry leader in providing Better Information Faster(TM).
Fugro Canada Inc. is a wholly owned subsidiary of Fugro NV. Fugro was founded in 1962, has been listed on Euronext N.V. in Amsterdam since 1992 and has been included in the Amsterdam Midkap Index since March 2002. Fugro has approximately 9000 staff permanently stationed in over 50 countries.
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Certain information contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Investors are encouraged to review the "Risk Factors" section of the Management's Discussion and Analysis for the year ended December 31, 2005 and the interim periods for 2006 for a discussion of risks that could affect the Company's operations and financial results. Forward-looking statements are based upon management's assumptions, expectations and estimates at the time that such statements are made. Pulse does not update forward-looking statements should circumstances change or management's assumptions, expectations or estimates change.