TSX:PSD
CALGARY, April 1 /CNW/ - Douglas Cutts, President and Chief Executive Officer of Pulse Data Inc. ("Pulse" or the "Company"), is pleased to announce that Mr. Neal Coleman has been appointed Vice President Sales and Marketing of Pulse effective April 1, 2008.
With over 12 years of sales and marketing experience, Mr. Coleman joined Pulse in August 2004 as a seismic data marketing representative and in January 2006 was promoted to the position of Manager, Sales and Marketing. Prior to joining Pulse, Mr. Coleman was previously employed at Olympic Seismic from March 2001 to July 2004. Mr. Coleman completed his Bachelor of Applied Business & Entrepreneurship at Mount Royal College in 1999, and went on to complete a Petroleum Engineering Applications Certificate from SAIT Polytechnic in 2003.
"We are extremely pleased to announce Neal's appointment as Vice President Sales and Marketing", commented Douglas Cutts, President & CEO of Pulse. "Neal has exceeded our expectations by consistently generating solid levels of seismic data library sales through his leadership of the Pulse data sales team and expertise of the industry. We are confident that his appointment will solidify Pulse's position as western Canada's leading provider of quality 2D & 3D seismic data to the oil and natural gas industry."
CORPORATE PROFILE
Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data for the western Canadian energy sector. Pulse owns the second-largest licensable seismic data library in Canada, currently consisting of approximately 257,300 net kilometres of 2D seismic and 11,600 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 occurs. The replacement value of Pulse's library is currently estimated at over $1 billion based on current field replacement costs.
Pulse has publicly traded on the TSX since 2001. The Company has paid its shareholders a quarterly dividend since 2003 and at Pulse's current share price provides one of the highest dividend yields on the TSX.
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 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, except as required by securities laws.