Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

May 12, 2006 19:01 ET

Appulse Corporation: Press Release

CALGARY, ALBERTA--(CCNMatthews - May 12, 2006) - Appulse Corporation (the "Corporation") (TSX VENTURE:APL) proposes to issue by way of a non-brokered private placement up to 2,500,000 Common Shares of the Corporation at a price of $0.20 per share for gross proceeds of up to $500,000.

The Corporation intends to use the proceeds from the private placement to support business expansion in areas including the following:

1- To facilitate the purchase of a Calgary based precision machine shop and provide equipment related to that purchase. A letter of intent has been signed and the Corporation expects to close the transaction during May 2006;

2- To support the Corporation's anticipated expansion in the area of service and support of oilfield centrifuge units in Alberta;

3- To expand the Corporation's Waterloo, Ontario service and parts facility to meet an increase in demand; and

4- To acquire specialized equipment required to expand the market base of the Corporation's Calgary facility.

It is anticipated that certain of the Insiders of the Corporation will be participating in this private placement.

About Appulse Corporation

Through its subsidiaries, Centrifuges Unlimited Inc. and Rolyn Oilfield Services Ltd., the Corporation specializes in the sales, servicing and refurbishing of centrifuge equipment and parts throughout North America and Internationally. The Corporation continues to pursue expansion to its product base and geographic markets, in addition to adopting a program of controlled acquisitions complementing its current activities.

Information on Centrifuges Unlimited Inc. can be obtained through our website, at www.centrifuges.net

Certain statements in this release are forward looking and the reader is cautioned that such information, although considered reasonable by the Corporation at the time of preparation, may prove to be incorrect.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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