Pulse Data announces letter of intent to sell its Terrapoint business unit

    TSX: PSD

    CALGARY, Oct. 30 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
announces that it has signed a non-binding letter of intent to sell its
Terrapoint business unit to a large, diversified, international engineering
    The letter of intent provides a scheduled closing date of November 16,
2007. It is subject to a number of conditions, including completion of the
purchaser's due diligence and execution of a formal purchase and sale
agreement. It is not subject to any financing condition. Terms of the
agreement, including the purchase price, will be disclosed upon closing.
    The Board of Directors and management of Pulse are committed to a
business plan of continued growth in seismic data library sales and free cash
flow. 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. Pulse plans to continue to grow its
seismic data library through strategic, high-quality seismic data acquisitions
and participation surveys.

    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

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Pulse Seismic Inc.

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