Pulse Seismic Inc. — Capital/Financing Update 2000

Nov 16, 2000

NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG

FOR: PULSE DATA INC.
CDNX SYMBOL: PSD.A
November 10, 2000

Pulse Closes Equity Offering

CALGARY, ALBERTA--

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES

Pulse Data Inc. (CDNX: PSD.A) announced today that it has closed its
"best efforts" public offering of up to 6,000,000 Class "A" common
shares with Goepel McDermid Inc. acting as sole agent.  A total of
5,150,000 Class "A" common shares were sold pursuant to the offering at
a price of $1.00 per share for total gross proceeds of $5,150,000.

Proceeds from the offering will be used by the Corporation for the
acquisition of seismic data by means of development and conducting
participation seismic surveys and the purchase of existing seismic data
libraries.

Pulse is a Calgary based seismic data library company which provides
seismic data to clients in the oil and gas industry.  Pulse licenses
this data from its proprietary seismic data library and through the
participation in, and management of, participation seismic surveys.
Pulse's Class "A" common shares are listed and posted for trading on the
CDNX under the symbol "PSD.A".

ARC Financial Corporation and its affiliates and funds ("ARC") owned a
total of 4,656,541 Class "A" common shares which represented 47.6% of
the outstanding Class "A" common shares.  As a result of this offering,
ARC now owns an aggregate of 6,716,541 Class "A" common shares which
represents 45% of the outstanding Class "A" common shares.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction.  The
securities will only be offered in the provinces of British Columbia,
Alberta, Saskatchewan, Manitoba and Ontario pursuant to a final
prospectus.  The securities offered have not been and will not be
registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirement.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Pulse Data Inc.
Ken MacDonald

President and Chief Executive Officer
(403) 237-5559
(403) 263-2251 (FAX)
E-mail: info@pulsedatainc.com
Website: www.pulsedatainc.com
OR

Pulse Data Inc.
David Smiddy
Chief Financial Officer and Vice President of Finance
(403) 237-5559