CALGARY, ALBERTA--(Marketwire - June 21, 2012) - Pulse Seismic Inc. ("Pulse" or the "Company") (TSX:PSD) announces the resignation of Douglas A. Cutts as President and CEO and from the Board of Directors. Mr. Cutts joined Pulse on March 25, 2002, as Vice President, Finance and Chief Financial Officer. He was appointed as President, CEO and a Director of Pulse on May 22, 2007. Doug's hard work and dedication has significantly contributed to the growth and success of Pulse.
Neal Coleman has accepted the Board's invitation to act as interim President, pending a search and appointment of a new President. Neal Coleman will also continue with his duties as Vice President Sales and Marketing. Pamela Wicks will continue as Vice President Finance and CFO. Brent Gale will continue as Senior Vice President and COO. Jeff Bectold will continue as Vice President Operations. The management team of Pulse has worked together cohesively for many years and has all the skills to effectively implement the Company's business plan. The Board is confident in this team and is excited by existing opportunities.
The Board wishes to thank Mr. Cutts for his service to Pulse and wishes him every success in the future.
About Pulse Seismic Inc.
Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the second-largest licensable seismic data library in Canada, currently consisting of approximately 27,100 net square kilometres of 3D seismic and 340,000 net kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada's oil and natural gas exploration and development occur.