TSX: PSD
CALGARY, Dec. 17 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") is pleased to announce the appointment of Robert Robotti to the Board of Directors. Mr. Robotti is President of Robotti & Company, LLC, a registered broker-dealer and President of Robotti & Company Advisors, LLC, a registered investment advisor. Mr. Robotti is a Managing Member of Ravenswood Management Company, LLC, which serves as the General Partner of The Ravenswood Investment Company, L.P. and Ravenswood III, L.P. Mr. Robotti controls a significant number of shares in Pulse.
Mr. Robotti is based in New York City and is a Certified Public Accountant. Mr. Robotti holds a B.S. from Bucknell University and an M.B.A. in Accounting from Pace University. Mr. Robotti is a member of the New York Society of Security Analysts and serves on the Board of Directors of Panhandle Oil and Gas Inc. (Amex: PHX). As an independent director to Pulse, Mr. Robotti will serve on the both the Audit and Corporate Governance Committees.
"I am pleased to be joining the Board of Directors of Pulse", stated Mr. Robotti. "I have been an active and supportive shareholder of Pulse for many years and the evolution of the Company back to a pure-play seismic data company presents an opportunity for me to assist in guiding the Company to greater success as we go forward. I have a clear understanding of the business and place priority on maximizing shareholder value."
Pulse also announces that Mr. Clark Zentner has stepped down as Chairman of the Board. Mr. Zentner has recently relocated outside of Canada and will continue as a valued member of the Board of Directors.
Mr. J. Graham Weir has been appointed Chairman of the Board and has resigned as Chairman of the Audit Committee. Ms. Daphne Corbett has been appointed Chairperson of the Audit Committee.
In response to his appointment Mr. Weir commented, "I am honoured to be nominated Chairman of Pulse and look forward to working with Robert and our board as we go forward in executing our strategy of becoming a pure play seismic data company."
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 securities laws.