APL Appulse Corporation

Appulse Corporation ("Appulse or the Corporation") (TSX VENTURE:APL) today
reported revenues of $6,665,000 for the year ended December 31, 2013, compared
to $7,207,000 for the previous year. Fourth quarter revenues were $1,597,000
compared to $1,851,000 for the same quarter of the previous year. The net loss
attributable to the equity shareholders of the Corporation for the fiscal year
ending December 31, 2013 was $296,000 (($.02) per share) compared to a net
income of $166,000 ($.01 per share) for the prior year. Cash flow from
operations (net income or loss adjusted for items not affecting cash) reflected
a deficit of $108,000 for the 2013 fiscal period compared to a positive cash
flow from operations of $456,000 for the 2012 year. 


The decrease in profitability during the period reflected the impact of certain
non-recurring costs including the relocation of the Waterloo Ontario facility,
exchange losses, and an unusually high level of after sales service and
marketing expenditures. In addition, the sales product mix during the period
contributed to a lower than expected total gross margin. Management further
noted that both Calgary and Waterloo facilities are now very active and firm
orders for centrifuge machines for 2014 delivery exceed $1,000,000 as compared
to 2013 total machine sale revenues of $1,646,000.


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 investment
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)


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

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