Business
BSM Reports Preliminary Q4 Revenues in excess of $1.3 Million, An Increase of over 395%.
BSM Reports Preliminary Q4 Revenues in excess of $1.3 Million, An Increase of over 395%..
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\n\n\nWOODBRIDGE, ON, Nov. 23 /CNW/ - BSM Technologies Inc, (GPS: TSXV)\n(http://www.bsmtechnologies.com) a leading provider of high security vehicle\ntracking and surveillance solutions, is pleased to report that its preliminary\n4th quarter revenues for the period ended September 30, 2006 increased by more\nthan 395% to over $1.3 Million compared to $262,329 for the same period in\n2005.\nFull fiscal 2006 results will be released in January 2007 once auditors\nhave completed their analysis and review.\n\nFOURTH QUARTER GROSS PROFIT INCREASES 309%\n\nThe preliminary gross profit for the three months ended September 30,\n2006 was in excess of $625,000 an increase of over 309% compared to gross\nprofit of $154,283 in the fourth quarter of 2005.\n\"The company has experienced significant growth over the past year and\nthis has translated into a substantial increase in Revenues,\" stated Mr. Nick\nCirella, President and CEO of BSM Technologies. \"Our sales initiatives and\npilot programs during the year have resulted in major sales to various\nindustries including oil and gas, armoured vehicles, commercial fleets and\ntrailers. These programs have now resulted in follow up sales, which is a\nclear indicator that our solutions work and that we have gained the confidence\nof our marketplace. We fully intend to capitalize on our growing market\nposition and continue this upward trend into 2007,\" added Mr. Cirella.\nThis press release has been submitted to\nhttp://www.TOP10PressReleases.com for investors to vote on and help move into\nthe TOP 10 of the day. Investors can locate the release by using the industry\nfilter or searching by company name and/or stock symbol\nThis press release is available on the Company's official investor\nrelations site for investor questions and commentary at\nhttp://www.agoracom.com/IR/BSM. Alternatively, investors are able to e-mail\ntheir questions to GPS(at)agoracom.com where they can also request addition to\nthe BSM investor e-mail list.\n\nAbout BSM Technologies (GPS:TSX-V) (http://www.bsmtechnologies.com)\n\nBSM Technologies designs, manufactures and markets a comprehensive line\nof AVSL (Automatic Vehicle Security and Tracking) solutions for Fleet\nManagement, Law Enforcement, and Consumer Vehicle Protection, through its\nsubsidiary BSM Wireless. The BSM line of products range from Fleet Man...