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BSM Technologies Reports Year Ended September 30, 2006 Revenues of $3.44 Million; Gross Profits Increase by 133%
BSM Technologies Reports Year Ended September 30, 2006 Revenues of $3.44 Million; Gross Profits Increase by 133%.
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\n\nSymbol: GPS (TSX-V)\n\n\nWOODBRIDGE, ON, Jan. 30 /CNW/ - BSM Technologies Inc, (GPS: TSXV)\n(http://www.bsmtechnologies.com)(the \"Company\") a leading provider of high\nsecurity vehicle tracking and surveillance solutions, is pleased to report\nthat revenues for the year ended September 30, 2006 increased by 166% to\n$3,442,201, compared to $1,296,262 for the year ended September 30, 2005.\n\n\nDuring the year the Company has achieved significant growth in its\nrevenue while improving bottom-line performance. The following are significant\nhighlights related thereto:\n\n\nFinancial highlights for the year\n\n\n---------------------------------\n\n\n- revenue for the year increased to $3.44 Million, an increase of 166%\n year over year;\n- Gross profit for the year increased to $1.65 Million, an increase of\n 133% year over year;\n- revenue arising from Canadian customers for the year increased to\n $2.06 Million, compared with $0.26 Million, an increase of 685%;\n- Canadian revenues now account for 60% of total company revenue for\n the year compared with 20% for the comparable prior year.\n\nOperating highlights for the year\n---------------------------------\n\nDuring the year the company announced new contracts exceeding $4.7 Million\nin value. The following are significant highlights related thereto:\n\n- On January 5, 2006, the Company announced that that it was awarded a\n sole source contract from Public Works and Government Services Canada\n to supply equipment to enable the RCMP-administered Integrated\n Municipal Provincial Auto Crime Team (IMPACT). Total value of the\n contract is $100,000.\n- On February 14, 2006, the Company announced receipt of a re-order of\n its products and services in connection to a previously announced\n merger between Bantek West, Inc and EFMARK Premium Armored, two\n pioneers in servicing automated teller machines (ATMs). Total value\n of the contract is $1,000,000 over its three year term.\n- On April 18, 2006, the Company announced that it received an order\n for phase 2 installation of SentinelFM from a major construction\n company based out of Ontario. Total value of the contract is over\n $800,000 over its three year term.\n- On May 3, 2006, the Company announced that it completed a sale for\n 100 SentinelFM units to one of Canada's largest transportation\n companies. Order wo...