Bantek and EFMARK Premium Armored Merger - $1,000,000 order from BSM MISSISSAUGA, ON, Feb. 14 /CNW/ - BSM Technologies Inc, (GPS: TSX-V) (http://www.bsmtechnologies.com) a leading provider of high security vehicle tracking and surveillance solutions today announced a $1,000,000 order in connection to a recently announced merger between Bantek West, Inc. and EFMARK Premium Armored, two pioneers in servicing automated teller machines (ATMs). This is first of several expected re-orders for additional systems for the now combined fleet of 500 armored trucks and vans with BSM's "SentinelAV" monitoring and security solution. In 2005, Bantek ordered 212 units of "SentinelAV" to monitor and secure critical components of the Bantek fleet. This order for an additional 200 units virtually doubles the armored fleet under the protection of BSM Technologies. Together, the two companies will offer a wide range of services for every aspect of an ATM owner's ATM program, including ATM hardware sales, maintenance, cleaning, armored services, cash management and more. The merger creates a national footprint of 75 armored branches located in 43 states, capable of servicing the entire Continental U.S. The new company will combine to serve: - 65,000+ ATMs - 2000+ ATM customers - 50+ metropolitan areas across 43 states - 500+ armored vehicles SECOND $1,000,000 ORDER FROM BANTEK - OPTION TO EXTEND FOR ADDITIONAL 3 YEARS This re-order now represents over $2,000,000 in orders received from Bantek over the last 12 months. The complete contract consists of a hardware component and monitoring services for an initial three-year period, as well as an ongoing service agreement. At the conclusion of the three-year period, BSM expects Bantek to exercise its option to renew the monitoring and service agreements for additional three-year periods on an ongoing basis. SUCCESSFUL COLLABORATION NOW AVAILABLE TO ENTIRE ARMORED CAR INDUSTRY In 2005, BSM and Bantek collaborated on the project to develop a custom solution to meet the stringent requirements of the armored car industry. As a result of success in 2005, the resulting system is being made available to other companies in the armored car industry. Bantek Project Manager, Howard Mackey, stated, "I had seen my share of solutions that failed to meet up to our strict requirements and was admittedly sceptical about the BSM solution in 2005. However, I am pleased to say "SentinelAV" far surpassed my expectations and have made me a very happy believer in what are the best solutions in this space, bar none." Michael DeVille - Senior Vice President & Chief Security Officer of Bantek, stated, "In this industry we can't afford to take chances. We had to have a product that was essentially "Fool Proof" BSM delivered that product. We also realized the potential nightmare with trying to monitor, track, communicate and manage a large fleet of vehicles located throughout the nation. BSM worked tirelessly with us and through their expertise and technology, designed the system in a manner that requires minimal resources and time to manage. Thinking back, one of our biggest concerns when taking on this project was finding a company out there that could meet our high standards and one that would be there to support the product after the sell. We took our time and did our homework. Again, BSM came out on top. BSM has not only met our stringent requirements, but has gone above and beyond in supporting the product since day one. There are literally hundreds if not thousands of companies out there selling GPS tracking and security systems. There is only one choice for Bantek and that is BSM." Commenting on the re-order, Michael Bookbinder, Vice-President of Sales and Marketing at BSM stated, "From a sales and marketing point of view, there is no greater validation than a re-order of this magnitude from a market leading customer. We were asked to deliver a tracking and security system that allowed Bantek to continuously monitor the location and security status of every vehicle in their fleet and this order serves as proof positive that we accomplished that task better than any other company in this space. Our solution is incomparable in ensuring the security of customer assets being delivered and the safety of the drivers delivering them - and this order proves that fact." Nick Cirella, President and CEO of BSM stated, "Shareholders of BSM have every reason to be proud today. Our original order from Bantek was a significant point in the growth of BSM Technologies but today serves as a watershed in the history of our company. Our leadership position amongst North American law enforcement has now translated into great success within the armored car industry, providing BSM with even greater credibility in every industry that we now target. I look forward to delivering more great news to our shareholders in 2006." This press release is available on the official BSM investor relations site for investor commentary, questions and discussion. Shareholders are asked to visit http://www.agoracom.com/IR/BSM . Alternatively, shareholders can e- mail questions to GPS(at)agoracom.com where they can also request addition to the BSM investor e-mail list. About Bantek West, Inc. http://www.bantek.com Founded in 1986, Bantek is a leading national provider of cash-management and maintenance services for automated teller machines and bank-system desktop computers. The company strives to be the best national, integrated, single- source solution for banks and other deployers of ATMs. Its cash-handling services include ATM restocking and deposit pickup, as well as full bank branch armored pick-up and delivery services. Its maintenance services include ATM hardware and software repair, installation and upgrades, as well as maintenance of teller cash dispensers, recyclers, teller/platform automation systems and other banking equipment. About BSM Technologies (GPS:TSX-V) (http://www.bsmtechnologies.com) BSM Technologies designs, manufactures and markets a comprehensive line of AVSL (Automatic Vehicle Security and Tracking) solutions for Fleet Management, Law Enforcement, and Consumer Vehicle Protection, through its subsidiaries BSM Wireless and HGI 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 major Law Enforcement agencies to deter vehicular, trailer and heavy equipment theft. BSM's role as the leading provider of Bait Car technology to hundreds of police forces is based on an impressive track record of almost a 100% conviction rate in the prosecution of criminals caught through application of BSM technology. Wherever it is implemented, BSM's Bait Car technology is usually successful in reducing vehicular theft by up to 40%. Superior functionality, seamless switching between 2 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 solution, features 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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. %SEDAR: 00008990E