Business
Pulse Data announces termination of letter of intent to sell Terrapoint business unit
TSX: PSD CALGARY, Dec. 9 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") announces that the pu...
About this update from Pulse Seismic Inc.
[{"type":"text","content":"\n\n\n\nTSX: PSD\n\n\nCALGARY, Dec. 9 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")\nannounces that the purchaser under the non-binding letter of intent previously\nannounced in Pulse's news releases on October 30 and November 16, 2007 has\nelected not to proceed with the acquisition of Pulse's Terrapoint business\nunit.\n\n\nPulse and its financial advisors, Dundee Securities, will continue to\nreview strategic alternatives for the Terrapoint business unit.\n\n\nThe Board of Directors and management of Pulse remain committed to a\nbusiness plan focused solely on the continued growth of Pulse's seismic data\nlibrary.\n\n\nDisclaimer: Certain information contained herein may constitute\nforward-looking statements under applicable securities laws. Such statements\nare subject to known or unknown risks and uncertainties that may cause actual\nresults to differ materially from those anticipated or implied in the\nforward-looking statements. Investors are encouraged to review the "Risk\nFactors" section of the Management's Discussion and Analysis in the Company's\nmost recent Annual Report and interim reports for a discussion of risks that\ncould affect the Company's operations and financial results. Forward-looking\nstatements are based upon management's assumptions, expectations and estimates\nat the time that such statements are made. Pulse does not update\nforward-looking statements should circumstances change or management's\nassumptions, expectations or estimates change, unless required by securities\nlaws.\n\n\n","length":1614,"tagName":"div"}]