TSX: PSD
CALGARY, June 26 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") announces that the Alberta Securities Commission has scheduled a hearing for Friday, June 29, 2007 commencing at 10:00 a.m. regarding Pulse's application for an order to cease-trade the unsolicited offer received on June 19, 2007 from Quantum Yield Inc. ("Quantum") to acquire all of the shares of Pulse.
As indicated in Pulse's news release dated June 25, 2007, Pulse has been advised by external legal counsel that Quantum's offer contains serious deficiencies under applicable securities laws, resulting in incomplete and misleading disclosure to Pulse shareholders.
A copy of the full application to the Alberta Securities Commission is being posted on Pulse's website at www.pulsedatainc.com.
Pulse recommends that shareholders reject the offer and not tender their shares. At minimum, shareholders delay making a decision in respect of the offer until after the hearing.
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.