Appulse Corporation

Appulse Corporation

November 21, 2007 20:33 ET

Appulse Corporation: Reporting Results for the Third Quarter of 2007 and the Issuance of Stock Options

CALGARY, ALBERTA--(Marketwire - Nov. 21, 2007) - Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net income of $ 214,000 for the nine months ended September 30, 2007 with revenues of $ 4,244,000, compared to a net income of $ 168,000 and revenues of $ 4,702,000 for the same nine-month period of the previous year. Cash flow from operations was $ 367,000 for the first nine months of 2007, compared to $ 299,000 for the same period of 2006. The third quarter of 2007 showed marked improvement over the first two quarters, contributing $1,645,000 to revenues and $199,000 to net income compared to the third quarter of 2006, which reflected revenues of $1,431,000 and net income of $27,000.

Firm machine sales for fiscal 2007 now exceed $2.5 million, of which only $1.2 million have been recorded to September 30, 2007. Combined with expected increases in parts revenues, Appulse management looks forward to a further increase in revenues and earnings in the final quarter of 2007. The positive operating cash flows and continued emphasis on inventory control will further strengthen the Corporation's financial position and support new market development in 2008. Appulse will continue to focus on the expansion of its traditional food and beverage and environmental markets while addressing new initiatives in refinery, biodiesal, and slop oil applications.

Appulse also reported the granting of an aggregate of 360,000 options to purchase common shares of the Corporation at a price of $ .165 per share. 210,000 of these options were issued to Directors of the Corporation.

About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc., Royln Oilfield Services Inc., and Design Machining Unlimited Inc., Appulse specializes in the sales, servicing and refurbishing of centrifuge equipment and parts throughout North America and Internationally and offers full service industrial machining. 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.

Additional information can be obtained through the Corporation's website, at Additional financial information can be accessed on SEDAR at 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.

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

Contact Information

  • Appulse Corporation
    Doug Baird
    (403) 236-2883
    (403) 279-3342 (FAX)
    Appulse Corporation
    Dennis Schmidt
    (403) 236-2883
    (403) 279-3342 (FAX)