WOODBRIDGE, ONTARIO -- Feb. 14, 2008 - BSM Technologies Inc. (TSX VENTURE:GPS) (http://www.bsmtechnologies.com) a leading provider of GPS-based AVL (Automatic Vehicle Location) fleet tracking and management solutions is pleased to announce today that it has received a another repeat order from a major construction company based out of Ontario. For security reasons, the identity of the Unnamed Major Construction Company ("UMCC") will remain confidential.
This order to rollout 200 additional units throughout the UMCC's fleet will be worth $285,000 over the course of the contract. This brings the total amount of units rolled out to the UMCC to 700.
The "UMCC" previously had incorporated 50 SentinelFM units in its fleet as part of a Phase 1 pilot program first announced January 18, 2006. Upon successful realization of pre-determined performance metrics during phase 1, the UMCC implemented an additional 450 units of SentinelFM. Some of those metrics include robust reporting, two way communications with the onboard intelligent vehicle tracking device and ability to control security, abuse of vehicle idling duration and other cost and safety efficiencies. BSM's ability to already deliver on these requirements served as the basis for its original selection by the UMCC.
The company also came to the conclusion that curving the abuse of vehicle idling and utilizing the efficiencies of the SentinelFM unit will enable the UMCC to recoup its capital outlay in 14 Months due to the savings in fuel. A second added value the company will realize is that by reducing idling, the UMCC will also reduce harmful greenhouse gas emissions.
"This is second major repeat order this week and we are again very happy to report our continued success with the UMCC as they roll out and expand SentinelFM to the rest of their fleet," stated Nick Cirella, President & CEO of BSM Technologies. "The UMCC conducted vigorous testing of the functionality of the SentinelFM and experienced significant savings in gasoline costs over that time, while helping the environment in the process. Over the last two years, the SentinelFM passed every test conducted. We look forward to rolling out more of our SentinelFM product to their fleet in the months and years to come.";
This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/bsm alternatively, investors are asked to e-mail all questions and correspondence to gps@agoracom.com where they can also request addition to the BSM Technologies investor e-mail list to receive all future press releases and updates directly.
About BSM Technologies
BSM Technologies designs, manufactures and markets a comprehensive line of AVSL ("Automatic Vehicle Security and Tracking") solutions for Commercial and Government Fleet Management, including Law Enforcement, through its subsidiary BSM Wireless. The BSM line of products range from Fleet Management and Consumer Vehicle Protection offerings to the full featured ''Stinger'' product featured in news media worldwide as the key technology behind the Bait and Covert application used by hundreds of Law Enforcement agencies to deter vehicular, trailer and heavy equipment theft.
Superior functionality, seamless switching between two separate footprints, enhanced reliability, advanced security features, and excellent value characterize BSM products. By incorporating advanced wireless locating and mapping technology, and IP-based communications protocols, the BSM line of products provides sophisticated real-time monitoring and control of commercial and personal vehicle assets to meet the demanding needs and stringent requirements of today's mobile environments. BSM's unique end to end solutions feature sophisticated wireless hardware, firmware and software all developed by and proprietary to BSM. The BSM product line can be easily adapted and customized to match any customer user requirement while BSM's in-house support infrastructure assures that all clients receive the premium AVSL solution in the industry to meet their needs.
About SecTrack
SecTrack sells Inmarsat D+ transceivers and airtime subscription to value added resellers around the world. These VARs are typically local companies who have built a proper monitoring and tracking service for end-users in a multitude of maritime and land based sectors including nuclear transport monitoring, mining, security tracking of trucks, trailers and other vehicles and tracking of airplanes and rescue helicopters. The company's customer base is spread over Europe, Asia, Africa and Central and South America
About Netistix Technologies
Incorporated in 2002, Netistix Technologies Corporation is a privately held company headquartered in Ottawa, Canada and has developed a comprehensive and customizable wireless fleet management solution known as "FleetPulse". The Netistix "FleetPulse", Wireless Fleet Management System, delivers actionable information that reduces fleet operation and environmental costs, improves productivity and increases safety.
For more information, please visit http://www.netistix.com.
For more information, please contact
BSM Technologies Inc.
Mr. Nick Cirella
President & CEO
(905) 265-1200
Email: nickcirella@bsmwireless.com
Website: www.bsmwireless.com
or
Retail Investor Inquiries
AGORACOM Investor Relations
Email: GPS@agoracom.com
Website: www.agoracom.com/IR/BSM
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, market acceptance of principal products, the impact of competitive products and technologies, the possibility of products infringing patents and other intellectual property of fourth parties, and costs of product development.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release may include certain "forward-looking statements" that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the company's business prospects may be materially different from forward-looking statements made by the company.
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