WOODBRIDGE, ON, Nov. 23 /CNW/ - BSM Technologies Inc, (GPS: TSXV) (http://www.bsmtechnologies.com) a leading provider of high security vehicle tracking and surveillance solutions, is pleased to report that its preliminary 4th quarter revenues for the period ended September 30, 2006 increased by more than 395% to over $1.3 Million compared to $262,329 for the same period in 2005. Full fiscal 2006 results will be released in January 2007 once auditors have completed their analysis and review. FOURTH QUARTER GROSS PROFIT INCREASES 309% The preliminary gross profit for the three months ended September 30, 2006 was in excess of $625,000 an increase of over 309% compared to gross profit of $154,283 in the fourth quarter of 2005. "The company has experienced significant growth over the past year and this has translated into a substantial increase in Revenues," stated Mr. Nick Cirella, President and CEO of BSM Technologies. "Our sales initiatives and pilot programs during the year have resulted in major sales to various industries including oil and gas, armoured vehicles, commercial fleets and trailers. These programs have now resulted in follow up sales, which is a clear indicator that our solutions work and that we have gained the confidence of our marketplace. We fully intend to capitalize on our growing market position and continue this upward trend into 2007," added Mr. Cirella. This press release has been submitted to http://www.TOP10PressReleases.com for investors to vote on and help move into the TOP 10 of the day. Investors can locate the release by using the industry filter or searching by company name and/or stock symbol This press release is available on the Company's official investor relations site for investor questions and commentary at http://www.agoracom.com/IR/BSM. Alternatively, investors are able to e-mail their questions to GPS(at)agoracom.com where they can also request addition to the BSM investor e-mail list. 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 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 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 solutions, 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