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APL Appulse Corporation

0.19
-0.005 (-2.56%)
Last Updated: 15:26:40
Delayed by 15 minutes
Share Name Share Symbol Market Type
Appulse Corporation TSXV:APL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -2.56% 0.19 0.19 0.205 0.195 0.185 0.195 129,502 15:26:40

Appulse Corporation: Reporting Results for the Six Months Ended June 30, 2013

26/08/2013 10:00pm

Marketwired Canada


Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net loss of
$46,000 for the six months ended June 30, 2013 with revenues of $3,670,000,
compared to a net income of $122,000 and revenues of $3,594,000 for the same
six-month period of the previous year. Positive operating cash flow (net income
or loss for the period adjusted for items not involving cash) for the six months
ended June 30, 2013 of $77,000 compares to $283,000 for the same six-month
period of 2012. 


Revenues from the service and refurbishing of customer centrifuge equipment was
lower by 9% when compared to the same six-month period of the prior year while
the sale of centrifuge parts showed a modest increase. The Corporation's ability
to expand service and parts revenues will be supported by the recent relocation
of the Ontario division to a larger and more efficient facility. Management also
noted the conclusion of arrangements to provide a substantially increased
service capability in the western USA. The continuing growth in revenues from
the sale of parts and refurbished centrifuge equipment to this area will now be
supported by the ability to provide complementary service at customer locations.



Machine sales increased by 13% compared to the prior year. The total of machine
sales booked to date and further purchase orders currently in hand exceeds
$2,000,000, compared to a total of $1,881,000 for the entire fiscal period of
2012. 


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
(403) 279-3342 (FAX)
dbaird@centrifuges.net
www.appulsecorp.net


Appulse Corporation
Dennis Schmidt
CFO
(403) 236-2883

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