Appulse Corporation

Appulse Corporation

April 27, 2007 16:05 ET

Appulse Corporation Reporting 2006 Results

CALGARY, ALBERTA--(CCNMatthews - April 27, 2007) - Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported record revenues for the year ended December 31, 2006 of $6,019,000 compared to $5,921,000 for the previous year. Income from continuing operations was $292,000 for fiscal 2006, compared to $217,000 for fiscal 2005. Net income for 2006 was $200,000 ($.02 per share) compared to a net income of $224,000 ($.02 per share) for the previous year. Revenues for the fourth quarter of $1,317,000 were below levels of the previous quarters of 2006, reflecting a lower level of centrifuge machine sales. Management is confident, however, that current excellent prospects identified will lead to higher machine revenues by mid-year, 2007.

While the current slow-down in the western oilfield contributed to lower revenues during the last quarter, the corporation will be well positioned to expand its involvement in this industry when activity resumes. Appulse will continue to expand its markets in central and eastern Canada, concentrating on its traditional emphasis in the food and beverage and environmental industries.

During the year, Appulse purchased all issued and outstanding shares of Design Machining Unlimited Inc. for a total consideration of $453,000. The acquisition offers an opportunity to expand the corporation's revenue and earnings base while controlling a critical support provider to centrifuge machine repairs and parts production.

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 a full service industrial machining center. 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 Additional information relating to Appulse Corporation 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)