Pulse Data Inc. enters into automatic share repurchase plan

    TSX Symbol - PSD

    CALGARY, Oct. 23 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
announced today that it has entered into an automatic share repurchase plan
under its normal course issuer bid. The pre-defined plan, with its designated
broker, allows for the purchase of common shares of Pulse at any time,
including when Pulse would not ordinarily be active in the market due to
internal trading blackout periods, insider trading rules or otherwise.
    The pre-defined plan will terminate on the earliest of: the date on which
the purchase limits specified in the plan have been attained, the date on
which the normal course issuer bid terminates, or the close of trading on
November 27, 2008.


    Pulse is a market leader in the acquisition, marketing and licensing of
2D and 3D seismic data to the western Canadian energy sector. Pulse owns the
second-largest licensable seismic data library in Canada, currently consisting
of approximately 257,300 net kilometres of 2D seismic and 12,200 net square
kilometres of 3D seismic. The library extensively covers the Western Canada
Sedimentary Basin where most of Canada's oil and natural gas exploration and
development occurs.
    Pulse has publicly traded on the TSX since 2001. The Company has paid its
shareholders a quarterly dividend since 2003 and at Pulse's current share
price provides one of the highest dividend yields on the TSX.

    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
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, except as required by securities laws.

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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