Business
Pulse Data Inc. closes sale of Trango Technologies Inc.
Pulse Data Inc. closes sale of Trango Technologies Inc..
About this update from Pulse Seismic Inc.
[{"type":"text","content":"\n\n\n\n\nTSX Symbol - PSD\n\nCALGARY, Aug. 1 /CNW/ - Pulse Data Inc. (\"Pulse\" or the \"Company\") is\npleased to announce that further to the announcement on May 15, 2006, it has\nclosed the sale of its wholly owned subsidiary, Trango Technologies Inc.\n(\"Trango\") to Fugro Canada Inc. for $1.8 million plus a working capital\nadjustment. Ken MacDonald, President and CEO of Pulse stated, \"We believe this\ndisposition will be a very good situation for Trango, and will allow an\naccelerated deployment of its products and technologies on a worldwide basis,\nand will allow Pulse to continue to focus on its core business.\"\n\nPulse is a Calgary-based company specializing in data ownership through\nacquisition, marketing and information management, with a current focus on the\nenergy sector. Through its operating segments, Pulse Seismic and Terrapoint,\nthe Company has evolved into an industry leader in providing Better\nInformation Faster(TM).\n\nFugro Canada Inc. is a wholly owned subsidiary of Fugro NV. Fugro was\nfounded in 1962, has been listed on Euronext N.V. in Amsterdam since 1992 and\nhas been included in the Amsterdam Midkap Index since March 2002. Fugro has\napproximately 9000 staff permanently stationed in over 50 countries.\n\nPulse trades on the Toronto Stock Exchange under the symbol PSD.\n\nCertain information contained herein may constitute forward-looking\nstatements under applicable securities laws. Such statements are subject to\nknown or unknown risks and uncertainties that may cause actual results to\ndiffer materially from those anticipated or implied in the forward-looking\nstatements. Investors are encouraged to review the \"Risk Factors\" section of\nthe Management's Discussion and Analysis for the year ended December 31, 2005\nand the interim periods for 2006 for a discussion of risks that could affect\nthe Company's operations and financial results. Forward-looking statements are\nbased upon management's assumptions, expectations and estimates at the time\nthat such statements are made. Pulse does not update forward-looking\nstatements should circumstances change or management's assumptions,\nexpectations or estimates change.\n\n\n\n","length":2221,"tagName":"div"}]