Pulse Data Inc. to purchase seismic data set for $11.1 million

TSX: PSD

CALGARY, June 25 /CNW/ - Mr. Doug Cutts, President and CEO of Pulse Data Inc. ("Pulse" or the "Company") is pleased to announce the signing of a Letter Agreement for the purchase of all of the seismic data owned jointly with Arcis Corporation. The seismic data is located primarily in northeastern British Columbia and includes 1,357 net square kilometres of contiguous 3-D seismic data and 65 net kilometres of 2-D seismic data.

The purchase price is $11.1 million and the transaction, which will increase Pulse's interest in the seismic data from 50 percent to 100 percent, is subject to certain conditions, including a due diligence review, execution of a formal purchase and sale agreement and financing. The purchase is expected to close by July 31, 2007.

"Based on our future sales projections for this data, our acquisition economics indicate that the purchase of this high-quality seismic data is accretive to both free cash flow and net earnings," stated Mr. Cutts.

Additionally, Pulse is pleased to provide an operations update. Pulse is expected to commence a 3-D seismic participations survey in July in the Deep Basin area of west-central Alberta comprising approximately 150 net square kilometres of seismic data. Pulse expects to obtain at least 65 percent pre-funding for this planned survey and expects to deliver the data to the customers by the end of Q3, 2007.

As previously announced on March 5, 2007 the process for the disposition of Pulse's wholly owned business unit Terrapoint is continuing on schedule. There has been significant industry interest in Terrapoint. Confidentiality agreements with 14 interested potential purchasers have now been signed, and these potential purchasers are reviewing Terrapoint's information and conducting due diligence. Pulse expects that the initial expressions of interest will be solicited early in Q3 2007, and the disposition of Terrapoint is targeted for completion by the end of Q3 2007.

Pulse is a Calgary-based company specializing in seismic data acquisition, licensing and marketing. With this purchase, Pulse's seismic library will grow to more than 11,100 net square kilometres of 3-D seismic data and approximately 257,000 net kilometres of 2-D 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 Annual Report for 2006 and 2007 interim report 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.