Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

November 28, 2006 18:16 ET

Appulse Corporation: Reporting Results for the Nine Months Ended September 30, 2006

CALGARY, ALBERTA--(CCNMatthews - Nov. 28, 2006) - Appulse Corporation (TSX VENTURE:APL) ("Appulse") today reported a net income of $ 168,000 for the nine months ended September 30, 2006 with revenues of $ 4,702,000, compared to a net income of $138,000 and revenues of $ 4,358,000 for the same nine-month period of the previous year. The three-month period to September 30, 2006 reflected a net income of $ 27,000 with revenues of $1,431,000, compared to a net income of $117,000 with revenues of $1,757,000 for the same three-month period of the previous year. While service and parts revenues in the third quarter of 2006 were higher than the corresponding quarter of 2005, the timing of machine sales resulted in a reduction in total revenues for the three-month period.

Appulse continues to expand its involvement in the oil and gas industry through centrifuge sales and service. Marketing activities include international project opportunities utilizing the corporation's extensive equipment base and knowledge of separation processes.

During the period, the Company completed the purchase of all issued and outstanding shares of a local machine shop for a total cash consideration of $450,000. In addition to providing a critical and timely service related to centrifuge machine repairs and parts production, the new acquisition offers an opportunity to expand the machine shop customer base into other industries. The machine shop had previously concentrated almost entirely on support of the corporation's principal subsidiary, Centrifuges Unlimited Inc.

About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc. and Rolyn Oilfield Services Inc., 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 Unlimited Inc. can be obtained through the company's website, at www.centrifuges.net Additional information relating to Appulse Corporation can be accessed on SEDAR@www.sedar.com.


The 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)