Pulse Data announces letter of intent to sell Terrapoint



    TSX: PSD

    CALGARY, Sept. 5 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
announces that it has signed a non-binding letter of intent to sell the assets
of its Terrapoint business unit to a management-led group of Terrapoint.
    The letter of intent provides a scheduled closing date of September 28,
2007. The transaction is subject to a number of conditions, including due
diligence, financing and execution of a formal purchase and sale agreement.
    The letter of intent provides an exclusive period for negotiations until
September 17, 2007.
    Terrapoint is a non-core business of Pulse that in March 2007 the Company
determined should be subjected to a review of strategic alternatives to
maximize shareholder value for Pulse. The board of directors of Pulse regarded
the disposition of Terrapoint as a functioning business as the best means of
accomplishing this objective. The letter of intent announced today would do
so, enabling an independent Terrapoint to continue as a leader in the LiDAR
surveying industry.
    The Board of Directors and management of Pulse are committed to a
business plan focused solely on the Company's core seismic data library
business. Upon completion of the transaction, Pulse will have a total of
approximately 25 employees and expects to achieve a significant reduction in
general and administrative expenses. Management expects that Pulse will be
able to continue growing its seismic data library business without any
significant increase in the number of employees or general and administrative
expenses.

    Disclaimer: Certain information contained herein may constitute
forward-looking statements under applicable securities laws. Such statements
are subject to known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated or implied in the
forward-looking statements. Investors are encouraged to review the "Risk
Factors" section of the Management's Discussion and Analysis in the Company's
most recent Annual Report and interim reports for a discussion of risks that
could affect the Company's operations and financial results. Forward-looking
statements are based upon management's assumptions, expectations and estimates
at the time that such statements are made. Pulse does not update
forward-looking statements should circumstances change or management's
assumptions, expectations or estimates change, unless required by law.





For further information:

For further information: Douglas Cutts, President and C.E.O., Tel: (403)
237-5559, Toll-free: 1-877-460-5559, E-mail: info@pulsedatainc.com.; Please
visit our website at www.pulsedatainc.com

Organization Profile

Pulse Seismic Inc.

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