TSX:PSD
CALGARY, Aug. 13 /CNW/ - On August 10, 2007 Pulse Data Inc. ("Pulse" or the "Company") received an unsolicited offer from 6818862 Canada Inc., an indirect wholly-owned subsidiary of Seitel, Inc., to acquire all of the outstanding shares of the Company. As a result Pulse has cancelled the Q2 2007 conference call originally scheduled for Tuesday, August 14, 2007 at 1:00 p.m. EDT (11:00 a.m. MDT).
Pulse is a Calgary-based company specializing in seismic data acquisition, licensing and marketing. Pulse's seismic library consists of approximately 11,400 net square kilometres of 3D seismic data and 257,300 net kilometres of 2D 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 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 law.