Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

April 06, 2006 20:34 ET

Appulse Corporation: Reporting 2005 Results

CALGARY, ALBERTA--(CCNMatthews - April 6, 2006) - Appulse Corporation ("Appulse")(TSX VENTURE:APL) today reported record revenues for the year ended December 31, 2005 of $5,920,000. This represented an increase of $1,562,000 or 35% over the 2004 level of $4,358,000. Income before discontinued operations for 2005 was $281,000, compared to a loss of ($243,000) for the previous year, an improvement of $524,000, or $.06 per share from 2004 results. The company will continue to address sales margins and further expansion to its product lines and expects to show continued improvement in the future. Net income, (after discontinued operations relating to the water treatment business) was $224,000 for 2005, compared to a loss of ($893,000) for the 2004 year.

Income from continuing operations per share for 2005 was $.03 compared to a loss of ($.03) for 2004. Net income per share (after discontinued operations) improved to $.02 from a loss per share of ($.09) during 2004.

Management noted that the significant increase in revenues related primarily to the company's concentration on expanding the geographic market place and introducing new applications and product lines to the revenue base. The company looks forward to further expansion in Ontario and eastern Canada in addition to concentration on centrifuge applications in the oil industry.

About Appulse

Through its subsidiaries, Centrifuges and Royln 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 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.

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

Contact Information

  • Appulse Corporation
    Doug Baird
    President
    (403) 236-2883
    (403) 279-3342 (FAX)
    Email: dbaird@centrifuges.net
    or
    Appulse Corporation
    Dennis Schmidt
    CFO
    (403) 236-2883
    (403) 279-3342 (FAX)