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Quantum Yield announces offer to acquire Pulse Data
Quantum Yield announces offer to acquire Pulse Data.
About this update from Decimus Oil Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, June 19 /CNW/ - Quantum Yield Inc. ("Quantum") announces today\nits offer to acquire all of the issued and outstanding common shares ("Pulse\nShares") of Pulse Data Inc. ("Pulse") (TSX: PSD). Quantum is offering $3.05\n(Cdn.) principal amount of a 10% secured, retractable debenture ("Debenture")\nin exchange for each Pulse Share.\n\n\n"Pulse Data is currently not achieving its potential," said Jim Durward,\nPresident of Quantum. In fiscal 2006, Pulse reported a substantial revenue\ndecrease from $53,137,000 to $44,641,000, which decrease was accompanied by a\n$4,449,000 loss. Mr. Durward stated, "The proposed restructuring is designed\nto maximize operational and tax efficiency in order to significantly increase\ncash flow to the stakeholders and provide them with an ongoing income stream.\nIt's my belief that the proposed restructuring inherent in our offer will\nprovide a secure, superior income stream to investors and make for a much\nstronger company going forward."\n\n\nAbout Pulse\n\n\nPulse is a Calgary-based company specializing in information management,\nwith current focus on the energy sector. Pulse's primary business is the\nacquisition, marketing and licensing of non-exclusive seismic data to the\nWestern Canadian energy sector, which it conducts through its general\npartnership, Pulse Seismic. Through its subsidiaries Terrapoint Canada Inc.\nand Terrapoint USA Inc., Pulse also provides services and technology solutions\nin the field of airborne and ground based digital terrain mapping and digital\nimaging to diverse markets. Further detailed information concerning the\nbusiness, financial condition, capitalization, management and risks associated\nwith an investment in Pulse Shares can be obtained through Pulse's website at\nwww.pulsedatainc.com or under its profile on the SEDAR website at\nwww.sedar.com.\n\n\nAbout Quantum\n\n\nQuantum is an Alberta company that was incorporated on April 2, 2007 for\nthe purpose of making this offer for all of the Pulse Shares. It has not\nconducted any material business operations other than entering into a\ntechnology license agreement with Unitech Energy Resources Inc. ("Unitech")\npursuant to which Unitech licensed its developed proprietary software and\ndatabase management system called &qu...