Pulse Data recommends that shareholders reject extended Seitel Offer and withdraw any shares that have been tendered to the Seitel Offer

    TSX: PSD

    CALGARY, Sept. 20 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
recommends that shareholders reject the extended unsolicited offer by 6818862
Canada Inc., an indirect wholly-owned subsidiary of Seitel, Inc. (the "Seitel
Offer") to purchase all of the common shares of Pulse.
    As previously indicated by Pulse, the Seitel Offer is actually only
$3.0625 per share. Under the Seitel Offer, the offer price has been reduced by
the regular quarterly dividend of $0.0375 paid today to shareholders of record
on September 6, 2007. The offer of $3.0625 per share is below current market
price and is only a tiny 3.11% premium to the volume weighted average trading
price of Pulse's common shares on the TSX for the 30 trading days immediately
preceding the Seitel Offer.
    In Seitel's news release and Notice of Extension dated September 18,
2007, Seitel has not indicated how many shares have been tendered to the
Seitel Offer. Based upon information provided to Pulse management by
significant institutional shareholders and by its information agent, Georgeson
Shareholder Communications Canada Inc., Pulse believes that very few shares
have been tendered to the Seitel Offer. Since the Seitel Offer continues to be
conditional upon at least 66-2/3% of the outstanding Pulse shares (fully
diluted) being tendered to the Seitel Offer, Pulse recommends that any
shareholders that have tendered their shares to the Seitel Offer withdraw

    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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