Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

November 19, 2009 18:45 ET

Appulse Corporation: Reporting Results for the Nine Months Ended September 30, 2009

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2009) - Appulse Corporation (TSX VENTURE:APL) ("Appulse") today reported revenues of $ 3,978,000 for the nine months ended September 30, 2009, compared to $ 5,238,000 for the same nine-month period of the previous year. The Corporation reported a net loss of $ 406,000 for the first nine months of 2009, compared to a net income of $ 68,000 for the same nine-month period of the previous year. The negative operating cash flow for the nine-month period of $ 378,000 compares to a positive operating cash flow of $ 344,000 for the same period of 2008.

Revenue from the sale of centrifuge parts to September 30, 2009 increased by 8% over the same nine-month period of the previous year while service revenues increased by 19%. These increases, achieved during difficult economic conditions, are attributed primarily to the Corporation's focus on marketing and geographic expansion utilizing an increased sales force. Centrifuge machine sales were again at a very low level during the quarter, reflecting the caution inherent in the current economy. Total machine sales were lower by 60% when compared to the previous year. The Corporation expects a substantial increase in machine sale revenue during the first quarter of 2010. Overheads increased during the period primarily related to the growth in the Corporation's marketing team and certain non-recurring charges including the Calgary facility relocation completed in August.

About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc., Rolyn Oilfield Services Inc., and Design Machining Unlimited Inc., Appulse specializes in the sales, servicing and refurbishing of centrifuge equipment, serving both domestic and international markets, 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.

Further information on Appulse and its subsidiaries can be obtained through the Corporation's website, at www.appulsecorp.net and on SEDAR at www.sedar.com. 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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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