Business
BSM Technologies Revenues Increase by 48% in Fiscal 2010
Jan. 27, 2011 (Canada NewsWire Group) -- TORONTO, Jan. 27 /CNW/ - BSM Technologies Inc. (&quo...
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\n\n Jan. 27, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Jan. 27 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company")\n (TSX-V: GPS), a leading provider of remote monitoring, fleet\n management, fleet diagnostics and automated vehicle security systems\n today announced financial and operating results for the three and\n twelve months ended September 30, 2010.\n\n\n2010 Highlights\n\n\n\nEBITDA of $305,503 in the fourth quarter of 2010, the second consecutive\n quarter of positive EBITDA\n\n\nRevenue of $13.5 million, an increase of $4.4 million or 48 percent over\n fiscal 2009\n\n\nMonthly recurring service revenues of $8.2 million, an increase of $3.1\n million or 62% from $5.1 million last year\n\n\nGross profit of $8.2 million, an increase of $3.5 million or 73 percent\n\n\nGross profit margin of 61 percent, up from 52 percent in 2009\n\n\nCompletion of the LoadTrak fleet tracking business and iTrax fixed asset\n monitoring business agreements.\n\n\n\n"Fiscal 2010 was a very important and successful year for us as we\n continue to transform our business," said Aly Rahemtulla, President and\n CEO.  "By shifting our focus increasingly to recurring revenue\n businesses, we significantly improved our gross margins and generated\n positive EBITDA in each of the final two quarters of the year for the\n first time in the Company's history." \n\n\nMr. Rahemtulla continued:  "Our ongoing objective has bee...