Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

May 19, 2006 17:35 ET

Appulse Corporation: Reporting Results for the First Quarter of 2006

CALGARY, ALBERTA--(CCNMatthews - May 19, 2006) - Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net income of $26,000 for the three months ended March 31, 2006 with revenues of $1,427,000, compared to a net income of $17,000 and revenues of $ 1,264,000 for the same three-month period of the previous year. While margins related to specific machine sales were lower than expected with the development of new industry applications, activities are now very strong in all sectors.

Appulse recently announced a proposed private placement of common shares, offering up to 2,500,000 shares at $.20 per share for proceeds of up to $500,000. Proceeds will support recent initiatives including the planned purchase of a local precision machine shop; the expansion of the Company's Ontario division; and expansion in the area of service and support of oilfield centrifuge units in Alberta.

About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc. and Rolyn Oilfield Services Ltd., Appulse 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 the company's website, at www.centrifuges.net

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

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