TSX: PSD
CALGARY, Nov. 24 /CNW/ - Pulse Data Inc. ("Pulse") announces that it
intends to purchase up to 2,394,121 common shares (representing 5% of the
47,882,439 issued and outstanding common shares) under a normal course issue
bid through the facilities of the TSX. All shares purchased under the normal
course issuer bid will be cancelled. The duration of the normal course issue
bid will be from November 28, 2006 through November 27, 2007.
Pulse believes that its common shares may from time to time be
undervalued.
CORPORATE PROFILE
Pulse is a Calgary-based company with two operating units: Pulse Seismic
specializing in acquiring, marketing and licensing seismic data to the western
Canadian energy sector, and Terrapoint focusing on acquisitions and processing
of digital elevation and image data (also referred to as LiDAR) to diverse
markets. Through these two operating units, Pulse Seismic and Terrapoint, the
Company has evolved into an industry leader providing Better Information
Faster(TM).
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
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 2005 Annual Report
and 2006 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, except as required by law.
