Quantum Yield announces offer to acquire Pulse Data

    CALGARY, June 19 /CNW/ - Quantum Yield Inc. ("Quantum") announces today
its offer to acquire all of the issued and outstanding common shares ("Pulse
Shares") of Pulse Data Inc. ("Pulse") (TSX: PSD). Quantum is offering $3.05
(Cdn.) principal amount of a 10% secured, retractable debenture ("Debenture")
in exchange for each Pulse Share.
    "Pulse Data is currently not achieving its potential," said Jim Durward,
President of Quantum. In fiscal 2006, Pulse reported a substantial revenue
decrease from $53,137,000 to $44,641,000, which decrease was accompanied by a
$4,449,000 loss. Mr. Durward stated, "The proposed restructuring is designed
to maximize operational and tax efficiency in order to significantly increase
cash flow to the stakeholders and provide them with an ongoing income stream.
It's my belief that the proposed restructuring inherent in our offer will
provide a secure, superior income stream to investors and make for a much
stronger company going forward."

    About Pulse

    Pulse is a Calgary-based company specializing in information management,
with current focus on the energy sector. Pulse's primary business is the
acquisition, marketing and licensing of non-exclusive seismic data to the
Western Canadian energy sector, which it conducts through its general
partnership, Pulse Seismic. Through its subsidiaries Terrapoint Canada Inc.
and Terrapoint USA Inc., Pulse also provides services and technology solutions
in the field of airborne and ground based digital terrain mapping and digital
imaging to diverse markets. Further detailed information concerning the
business, financial condition, capitalization, management and risks associated
with an investment in Pulse Shares can be obtained through Pulse's website at
www.pulsedatainc.com or under its profile on the SEDAR website at

    About Quantum

    Quantum is an Alberta company that was incorporated on April 2, 2007 for
the purpose of making this offer for all of the Pulse Shares. It has not
conducted any material business operations other than entering into a
technology license agreement with Unitech Energy Resources Inc. ("Unitech")
pursuant to which Unitech licensed its developed proprietary software and
database management system called "LeadScan" to Quantum for a period of ten
years. The LeadScan system incorporates a digital well log database with a
pattern recognition system allowing for searches of well log features that is
expected to provide synergies with Pulse's business operations.

    About the Offer

    Quantum has offered to purchase all of the issued and outstanding Pulse
Shares on the basis of $3.05 (Cdn.) principal amount of Debentures of Quantum
due December 31, 2017 for each Pulse Share. The offer represents a 10% premium
over the closing trading price of the Pulse Shares on June 18, 2007, and a 18%
premium over the average closing price of the Pulse Shares for the 30 trading
days preceding this announcement.
    Based on publicly available information, assuming all Pulse Shares
outstanding are tendered to the offer, there would be approximately
$146,154,000 of Debentures outstanding assuming Quantum takes up and pays for
all such tendered Pulse Shares under the offer. In addition, if all Pulse
Options are exercised to acquire Pulse Shares and such Pulse Shares are
tendered to the offer, there would be approximately an additional $9,243,290
of Debentures outstanding assuming Quantum takes up and pays for all such
tendered Pulse Shares under the offer.
    Completion of the Offer will be conditional upon, among other things,
there being validly deposited under the offer and not withdrawn a number of
Pulse Shares which constitutes, together with any Pulse Shares owned by
Quantum, its associates and affiliates, at least 66 2/3% of the outstanding
Pulse Shares (calculated on a fully diluted basis). The offer will also be
conditional upon the receipt of all necessary approvals and certain other
customary conditions in transactions of this nature.
    If the offer is successful, Quantum will use all reasonable efforts and
take the necessary steps to combine the operations of the two companies,
subject to applicable laws. If the combination of the two companies occurs,
Quantum plans to, as soon as practically possible, make application to cause
the Debentures to be listed for trading on a stock exchange in order to
provide liquidity for the Debentureholders.
    Full details of the offer will be included in the formal offer circular
and take-over bid documents that will be publicly filed and subsequently
mailed to Pulse's shareholders. Quantum has formally requested a list of
Pulse's shareholders and expects to mail the formal offer circular and
take-over bid documents to Pulse's shareholders promptly after receipt of the
shareholder's list.
    Quantum has delivered its proposal to Pulse and welcomes the opportunity
to work with Pulse to achieve a successful outcome to this transaction.

    Shareholders of Pulse are urged to read the formal offer circular and
take-over bid documents that will be publicly filed and subsequently mailed to
Pulse's shareholders because they will contain important information about the
offer for Pulse Shares. These documents will be available without charge under
Pulse's profile on the SEDAR website at www.sedar.com. Additional copies of
the formal offer circular and related take-over bid documents will also be
available at the principal offices of both Kingsdale Shareholder Services Inc.
and Valiant Trust Company set forth above.

    This news release contains forward-looking statements that involve risks
and uncertainties. Such forward-looking statements or information are based on
a number of assumptions which may prove to be incorrect. Although Quantum
believes that the expectations reflected in such forward-looking statements or
information are reasonable, undue reliance should not be placed on such
forward-looking statements because Quantum can not give assurance that such
expectations will prove to be correct. Forward-looking statements or
information are based on current expectations, estimates and projections that
involve a number of risks and uncertainties which could cause actual results
to differ materially from those anticipated by Quantum and described in the
forward-looking statements or information. The forward-looking statements or
information contained in this news release are made as of the date hereof and
Quantum does not undertake any obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws. There can be no assurance that the offer will occur, or will
occur on the timetable contemplated hereby.

    This announcement is neither an offer to purchase or exchange nor a
solicitation of an offer to sell or exchange Pulse Shares. The offer is made
solely by the formal offer circular and take-over bid documents, and any
amendments or supplements thereto, and is being made to all holders of Pulse
Shares. The offer is not being made to, nor will Pulse Shares be accepted from
or on behalf of, holders of Pulse Shares in any jurisdiction in which the
making of the offer or the acceptance thereof would not be in compliance with
applicable law.

For further information:

For further information: Jim Durward, President of Quantum, at (403)
689-3901 or email: jdurward@telus.net; Questions and requests for assistance
may also be directed to Kingsdale Shareholder Services Inc., the information
agent for the offer, or to Valiant Trust Company, the depository for the
offer, as follows: Kingsdale Shareholder Services Inc., The Exchange Tower,
130 King Street West, Suite 2950, P.O. Box 361, Toronto, Ontario, M5X 1E2,
North American Toll Free Phone: 1-800-749-9197, Email:
contactus@kingsdaleshareholder.com, Facsimile: (416) 867-2271, Toll Free
Facsimile: 1-866-545-5580, International Brokers Call Collect: (416) 867-2272,
North American Banks and Brokers Call Collect: (416) 867-2317; Valiant Trust
Company, Suite 310, 606 - 4th Avenue SW, Calgary, Alberta, T2P 1T1, Attention:
Reorganization Department, Toll Free Tel: (866) 313-1872, Calgary Tel: (403)
233-2801, Facsimile: (403) 233-2857, Email: inquiries@valianttrust.com

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