Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

August 18, 2009 20:28 ET

Appulse Corporation: Reporting Results for the Six Months Ended June 30, 2009

CALGARY, ALBERTA--(Marketwire - Aug. 18, 2009) - Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported revenues of $ 2,705,000 for the six months ended June 30, 2009, compared to $ 3,108,000 for the same six-month period of the previous year. The Corporation reported a net loss of $ 275,000 for the first six months of 2009, compared to a net loss of $ 90,000 for the same period of the previous year. The negative operating cash flow for the six-month period of $ 247,000 compares to a positive operating cash flow of $ 38,000 for the same period of 2008.

The decrease in revenue for the period is attributed to a low level of centrifuge machine sales to June 30, down 40% compared to the previous year. By contrast, revenue from the sale of parts increased by 10% over the previous year and service revenues increased by 13% compared to the first half of 2008. The overall gross margin percentage was 3% lower than the previous year reflecting the mix of sales and a very competitive environment. Overheads increased during the period related to the growth in the Corporation's marketing team. The emphasis on marketing is reflected through an increase in the number of project opportunities and customer quotes. Management anticipates an increase in machine sale revenues during the final quarter of 2009.

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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