On March 5, 2007 the Company announced that it was initiating a process
to review strategic alternative for its LiDAR business unit. Since then, the
Company has developed a formal plan to dispose of the LiDAR business segment.
Two wholly-owned subsidiaries of Pulse, Terrapoint Canada Inc. and Terrapoint
USA Inc. are therefore categorized as assets held for sale in the March 31,
2007 financial statements, as required by Canadian GAAP.