TSX:PSD
CALGARY, May 22 /CNW/ - At the Company's Annual and Special Meeting of Shareholders held on May 21, 2009, shareholders approved the change of the Company's name from Pulse Data Inc. to Pulse Seismic Inc.
Pulse Seismic has successfully repositioned itself as a pure-play seismic data provider. As our customers already recognize us as Pulse Seismic, with this name change, it will now be clearer and consistent for our shareholders and analysts to recognize our corporate name, logo and other corporate identities that portray what our business is all about. Pulse Seismic will continue to trade under the TSX symbol of PSD.
Pulse Seismic is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse Seismic owns the second-largest licensable seismic data library in Canada, currently consisting of approximately 257,300 net kilometres of 2D seismic and approximately 12,800 net square kilometres of 3D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada's oil and natural gas exploration and development occur.