Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

November 25, 2010 16:01 ET

Appulse Corporation Reporting Results for the Nine Months Ended September 30, 2010

CALGARY, ALBERTA--(Marketwire - Nov. 25, 2010) - Appulse Corporation (TSX VENTURE:APL) ("Appulse") today reported revenues of $4,600,000 for the nine months ended September 30, 2010, compared to $3,978,000 for the same nine-month period of the previous year. The Corporation reported a net loss of $ 98,000 for the first nine months of 2010, compared to a net loss of $406,000 for the same period of the previous year. A positive operating cash flow for the nine-month period of $32,000 compares to a negative operating cash flow of $378,000 for the same period of 2009.

Service revenues increased by 15% compared to the previous year while the sale of centrifuge parts increased by 9% compared to the same nine-month period of 2009. While machine sale revenues also increased substantially, certain individual margins were very low compared to the prior year resulting in a total machine contribution margin roughly equivalent to 2009. Both operating and general administrative overhead costs were substantially lower for the nine-month period reflecting overhead cost reductions implemented earlier in the year. Total machine sales for the 2010 fiscal period will exceed $1,500,000 while parts and service activities remain strong.

Planning for 2011 includes a continued focus on further growth in the Corporation's traditional markets while expanding an emphasis on the western energy industry and food and beverage applications on the west coast of the United States. 

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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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