Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

May 22, 2009 16:30 ET

Appulse Corporation: Reporting Results for the First Quarter of 2009

CALGARY, ALBERTA--(Marketwire - May 22, 2009) - Appulse Corporation (TSX VENTURE:APL) ("Appulse") today reported a net loss of $66,000 for the three months ended March 31, 2009 with revenues of $ 1,497,000, compared to a net income of $ 8,000 and revenues of $ 1,546,000 for the same three-month period of the previous year. The negative operating cash flow for the quarter of $ 13,000 compares to a positive operating cash flow of $ 72,000 for the same three-month period of 2008.

Revenues decreased by 3% compared to the first quarter of 2008. Overhead costs were higher than the first quarter of the previous year, reflecting the Corporation's continued focus on marketing and future growth. While machine sales were low during the first quarter, customer quotations for machine applications are now the highest in the Corporation's history, related primarily to the food and beverage industries. Firm machine orders for the 2009 fiscal year now total $ 900,000.

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.

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

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