Appulse Corporation

Appulse Corporation

May 16, 2008 16:30 ET

Appulse Corporation: Reporting Results for the First Quarter of 2008

CALGARY, ALBERTA--(Marketwire - May 16, 2008) - Appulse Corporation (TSX VENTURE:APL) ("Appulse") today reported a net income of $ 7,000 for the three months ended March 31, 2008 with revenues of $ 1,546,000, compared to a net income of $ 8,000 and revenues of $ 1,206,000 for the same three-month period of the previous year. Cash flow from operations was $ 72,000 for the first quarter of 2008, compared to $ 61,000 for the same three-month period of 2007.

First quarter revenues increased by 28% over the first quarter of 2007. Overhead costs, however, were substantially higher than the first quarter of the previous year, reflecting increased personnel costs and a focus on marketing and future growth. Firm machine orders for the 2008 fiscal year now total $ 1.8 million.

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 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.

Further information on Appulse and its subsidiaries can be obtained through the Corporation's website, at and 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