Pulse Data responds to amended and extended Seitel offer

    TSX: PSD

    CALGARY, Oct. 1 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
responds to the announcement by Seitel of its amended and extended offer for
Pulse shares.
    Pulse notes that the dividend adjusted offer price is actually only
$3.2625 per share, after deducting the regular quarterly dividend declared on
August 13, 2007. The dividend adjusted offer price of $3.2625 per share
represents only a tiny 1.6% premium to the closing price of $3.21 prior to the
announcement of the amended and extended offer, and only a slim 9.8% premium
to the volume weighted average trading price of Pulse shares of $2.97 for the
30 trading days prior to the original Seitel offer.
    The Special Committee and Board of Directors of Pulse will consider the
amended and extended Seitel offer and will provide their recommendation to the
shareholders. The Board of Directors recommends that shareholders not tender
to the amended and extended Seitel offer before they have received that
    Pulse also announces that with respect to the Seitel offer, the
Separation Time for the rights issued under the Shareholders Rights Plan has
been deferred until October 12, 2007.

    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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