CALGARY, Sept. 10 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
announces that its Board of Directors has made two technical amendments to its
previously announced Shareholder Rights Plan (the "Plan"). The amendments are
drafting changes to the definitions in the Plan of "associate" and
"controlled" and, in the opinion of Pulse, are not material changes to the
Plan. The amendments were made as a result of discussions with a shareholder
service company which provides a proxy analysis and vote recommendation on
shareholder voting matters to its institutional shareholder clients. Based
upon these two minor technical amendments, Pulse has been advised by such
shareholder service company that it will be recommending to its institutional
shareholder clients that they vote in favour of the Plan. A copy of the
amending agreement will be available on SEDAR at www.sedar.com and on Pulse's
website at www.pulsedatainc.com.
A special shareholders meeting has been called for September 21, 2007 to
ratify and confirm the Plan, and the proxy documents for that meeting have
been mailed to shareholders.
Pulse is a Calgary-based company specializing in seismic data
acquisition, licensing and marketing. Pulse's seismic library consists of more
than 11,400 net square kilometres of 3D seismic data and approximately 257,300
net kilometres of 2D seismic data.
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
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: firstname.lastname@example.org. Please
visit our website at www.pulsedatainc.com.