TSX: PSD
CALGARY, Sept. 10 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") announces that its Board of Directors has made two technical amendments to its previously announced Shareholder Rights Plan (the "Plan"). The amendments are drafting changes to the definitions in the Plan of "associate" and "controlled" and, in the opinion of Pulse, are not material changes to the Plan. The amendments were made as a result of discussions with a shareholder service company which provides a proxy analysis and vote recommendation on shareholder voting matters to its institutional shareholder clients. Based upon these two minor technical amendments, Pulse has been advised by such shareholder service company that it will be recommending to its institutional shareholder clients that they vote in favour of the Plan. A copy of the amending agreement will be available on SEDAR at www.sedar.com and on Pulse's website at www.pulsedatainc.com.
A special shareholders meeting has been called for September 21, 2007 to ratify and confirm the Plan, and the proxy documents for that meeting have been mailed to shareholders.
Pulse is a Calgary-based company specializing in seismic data acquisition, licensing and marketing. Pulse's seismic library consists of more than 11,400 net square kilometres of 3D seismic data and approximately 257,300 net kilometres of 2D seismic data.
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Disclaimer: 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 in the Company's most recent Annual Report and interim reports 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, unless required by law.