ValueAct announces that if the take-over bid by Seitel, Inc. for Pulse Data Inc. (TSX: PSD; PSD.TO) is not successful, ValueAct intends to sell all Pulse Data shares owned



    TORONTO, Oct. 9 /CNW/ - Pursuant to the early warning requirements of
applicable Canadian securities laws, ValueAct Capital Master Fund, L.P.
("ValueAct Capital") and ValueAct Capital Master Fund III, L.P. ("ValueAct
Capital III") announce that if the take-over bid made by an indirect
wholly-owned subsidiary of Seitel, Inc., a company controlled by ValueAct
Capital, to purchase all of the issued and outstanding common shares of Pulse
Data Inc. ("Pulse Data") at a price of C$3.30 in cash per share is not
successful, then ValueAct Capital and ValueAct Capital III intend to sell on
the open market all 7,360,500 common shares of Pulse Data that they
collectively own. The 7,360,500 common shares comprise approximately 13.5% of
the issued and outstanding common shares of Pulse Data.
    For a copy of the report required to be filed under the early warning
requirements of applicable Canadian securities laws, please contact Dorothea
Walsh at (415) 362-3700.





For further information:

For further information: Dorothea Walsh at (415) 362-3700; ValueAct
Capital's address: 435 Pacific Avenue, 4th Floor, San Francisco, CA, 94133

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ValueAct Capital

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