Appulse Corporation
TSX VENTURE : APL

Appulse Corporation

August 19, 2015 16:05 ET

Appulse Corporation: Reporting Results for the Six Months Ended June 30, 2015

CALGARY, ALBERTA--(Marketwired - Aug. 19, 2015) - Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net income of $117,000 for the six months ended June 30, 2015 with revenues of $4,236,000, compared to a net income of $90,000 and revenues of $4,036,000 for the same six-month period of the previous year. Operating cash flow (net income for the period adjusted for items not involving cash) for the six months ended June 30, 2015 of $261,000 compares to operating cash flow of $258,000 for the same six-month period of 2014.

Total centrifuge parts and service revenues for the first six months of 2015 reflected an increase of 26% over the same six-month period of the prior year, focusing on the corporation's traditional food and beverage and environmental customers. The sale of spare parts related to the Canadian service and parts representative relationship with Flottweg Separation Technology Inc. continued to increase during the period and management expects further growth from an increase in the service of Flottweg machines. Machine sales booked to June 30, 2015 and further purchase orders currently in hand for delivery over the remainder of the year now total approximately $1,500,000.

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.

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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