CALGARY, June 26 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
announces that the Alberta Securities Commission has scheduled a hearing for
Friday, June 29, 2007 commencing at 10:00 a.m. regarding Pulse's application
for an order to cease-trade the unsolicited offer received on June 19, 2007
from Quantum Yield Inc. ("Quantum") to acquire all of the shares of Pulse.
As indicated in Pulse's news release dated June 25, 2007, Pulse has been
advised by external legal counsel that Quantum's offer contains serious
deficiencies under applicable securities laws, resulting in incomplete and
misleading disclosure to Pulse shareholders.
A copy of the full application to the Alberta Securities Commission is
being posted on Pulse's website at www.pulsedatainc.com.
Pulse recommends that shareholders reject the offer and not tender their
shares. At minimum, shareholders delay making a decision in respect of the
offer until after the hearing.
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: email@example.com; Please
visit our website at www.pulsedatainc.com