Appulse Corporation: Reporting Results for the Nine Months Ended September 30, 2013

Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net loss of
$165,000 for the nine months ended September 30, 2013 with revenues of
$5,068,000, compared to a net income of $181,000 and revenues of $5,357,000 for
the same nine-month period of the previous year. Operating cash flow (net income
or loss for the period adjusted for items not involving cash) for the nine
months ended September 30, 2013 of $Nil compares to $417,000 for the same
nine-month period of 2012. 


Total revenue from the service and refurbishing of customer centrifuge equipment
was lower by 12% compared to the same nine-month period of the prior year,
primarily reflecting the timing of major customer maintenance requirements and
the relocation of the Ontario facility. While the relocation negatively impacted
revenues during July and August, the new facility will provide a base from which
to expand both service and parts activities in the future. Ontario and Quebec
offer the highest potential for expansion of the Corporation's customer base.
The expanded facility will also enable the Corporation to more efficiently meet
the requirements of its exclusive Canadian service and parts representative
agreement with Flottweg Separation Technology Inc. 


Machine sales for the nine-month period were consistent with the prior year. The
total of machine sales booked to date combined with further purchase orders
currently in hand for delivery during the final quarter exceeds $2,000,000,
compared to 2012 machine sales of $1,881,000.


About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc., Rolyn Oilfield Services
Inc., and Design Machining Unlimited Inc., Appulse specializes in the sales,
servicing and refurbishing of centrifuge equipment, serving both domestic and
international markets, and offers full service industrial machining. The
Corporation continues to pursue expansion to its product base and geographic
markets, in addition to adopting a program of controlled acquisitions
complementing its current activities. 


Further information on Appulse and its subsidiaries can be obtained through the
Corporation's website, at www.appulsecorp.net and on SEDAR at www.sedar.com.
Certain statements in this release are forward looking and the reader is
cautioned that such information, although considered reasonable by the
Corporation at the time of preparation, may prove to be incorrect.


Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Appulse Corporation
Doug Baird
President
(403) 236-2883
dbaird@centrifuges.net


Appulse Corporation
Dennis Schmidt
CFO
(403) 236-2883
(403) 279-3342 (FAX)
www.appulsecorp.net

Appulse (TSXV:APL)
過去株価チャート
から 5 2024 まで 6 2024