Appulse Corporation: Reporting Results for the First Quarter of 2015

CALGARY, ALBERTA--(Marketwired - May 15, 2015) - Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net income of $69,000 for the three months ended March 31, 2015 with revenues of $2,064,000, compared to a net income of $63,000 and revenues of $2,258,000 for the same three-month period of the previous year. Operating cash flow (net income for the period adjusted for items not involving cash) for the quarter ended March 31, 2015 of $141,000 compares to operating cash flow of $155,000 for the same three-month period of 2014.

Total centrifuge parts and service revenues continued to grow, reflecting a 20% increase over the fourth quarter of 2014 and a 35% increase compared to the first quarter of the prior year. Both Calgary and Waterloo facilities continue to be very active, focusing on the corporations traditional food and beverage and environmental customers. Timing of the sale of centrifuge machines is often difficult to predict. While machine sale revenues recorded in the first quarter of 2015 were substantially lower than previous periods, management is confident that current quotation activity will result in an increase in machine sales in future quarters. The corporation also expects continued growth through the exclusive Canadian service representative agreement with Flottweg Separation Technology Inc.

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.