Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

August 19, 2005 16:15 ET

Appulse Corporation: Reporting Results for the Six Month Period Ending June 30, 2005

CALGARY, ALBERTA--(CCNMatthews - Aug. 19, 2005) - Appulse Corporation (TSX VENTURE:APL) ("Appulse") today reported Revenues for the six months ended June 30, 2005 of $ 2,600,000, representing a 28% increase from the 2004 level of $ 2,019,000. The Corporation reported a net income before discontinued operations of $ 73,000 ($.007 per share) for the six month period compared to a net loss before discontinued operations of ($ 85,000) ($.009 per share) for the corresponding period of 2004. Loss from a discontinued operation was ($ 52,000), resulting in a net income of $21,000 for the six months ended June 30, 2005.

The discontinued operation related to the Corporation's interest in a certain water treatment business, which was discontinued in December of 2004 and reflected in the Corporation's year end accounts as of December 31, 2004. Current period expenditures relate to overheads incurred prior to the sale of division assets in the first quarter of 2005 and final closing and salary costs.

The Corporation continues to emphasize growth in marketing related to new applications, the Ontario industrial market and new international initiatives. Centrifuges Unlimited Inc. has recently expanded its product base through Canadian representative arrangements with certain international equipment manufacturers. Revenues for fiscal 2005 are expected to exceed those of 2004. Appulse will also continue to pursue external growth through acquisition.

About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc. and Rolyn Oilfield Services Ltd., 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.

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

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