CALGARY, Dec. 17 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") is
pleased to announce the appointment of Robert Robotti to the Board of
Directors. Mr. Robotti is President of Robotti & Company, LLC, a registered
broker-dealer and President of Robotti & Company Advisors, LLC, a registered
investment advisor. Mr. Robotti is a Managing Member of Ravenswood Management
Company, LLC, which serves as the General Partner of The Ravenswood Investment
Company, L.P. and Ravenswood III, L.P. Mr. Robotti controls a significant
number of shares in Pulse.
Mr. Robotti is based in New York City and is a Certified Public
Accountant. Mr. Robotti holds a B.S. from Bucknell University and an M.B.A. in
Accounting from Pace University. Mr. Robotti is a member of the New York
Society of Security Analysts and serves on the Board of Directors of Panhandle
Oil and Gas Inc. (Amex: PHX). As an independent director to Pulse, Mr. Robotti
will serve on both the Audit and Corporate Governance Committees.
"I am pleased to be joining the Board of Directors of Pulse", stated Mr.
Robotti. "I have been an active and supportive shareholder of Pulse for many
years and the evolution of the Company back to a pure-play seismic data
company presents an opportunity for me to assist in guiding the Company to
greater success as we go forward. I have a clear understanding of the business
and place priority on maximizing shareholder value."
Pulse also announces that Mr. Clark Zentner has stepped down as Chairman
of the Board. Mr. Zentner has recently relocated outside of Canada and will
continue as a valued member of the Board of Directors.
Mr. J. Graham Weir has been appointed Chairman of the Board and has
resigned as Chairman of the Audit Committee. Ms. Daphne Corbett has been
appointed Chairperson of the Audit Committee.
In response to his appointment Mr. Weir commented, "I am honoured to be
nominated Chairman of Pulse and look forward to working with Robert and our
board as we go forward in executing our strategy of becoming a pure play
seismic data company."
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 securities
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: email@example.com; Please
visit our website at www.pulsedatainc.com