Aug. 27, 2010 (Filing Services Canada) -- BSM Technologies Inc. (GPS - TSX Venture), a leading provider of high security vehicle tracking and surveillance solutions wishes to announce that on April 6, 2010 an aggregate of 3,711,695 options to purchase common shares of the Company at $0.10 per share for four years have been granted to the employees, management and directors of the Company. The options are exercisable until February 24, 2014. One fourth of these options vests on the date of the grant, and the remaining options vests equally at the half yearly anniversary of the date of the grant.
2,361,695 of these options were granted to the board members and 1,000,000 of these options were granted to two officers of the company.
The grants are subject to acceptance by the TSX Venture Exchange.
About BSM Technologies
BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading provider of fleet tracking, fleet maintenance, and automated vehicle security systems providing real time, web-based tracking of fleet assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs.
On September 25, 2009 BSM Technologies acquired all the outstanding shares of Datacom Wireless Corporation. Founded in 1999, Datacom has grown to become one of the Canadian leaders in the design, development and marketing of mission critical vehicle fleet management and theft prevention solutions. Its products and services use wireless communications and satellite-based tracking technologies (GPS) and a state-of-the-art ASP information portal.
BSM Technologies subsidiary SecTrack sells Inmarsat D+ transceivers and airtime subscription to value added resellers around the world. These VARs are typically local companies who have built a proper monitoring and tracking service for end-users in a multitude of maritime and land based sectors including nuclear transport monitoring, mining, security tracking of trucks, trailers and other vehicles and tracking of airplanes and rescue helicopters. The Company's customer base is spread over Europe, Asia, Africa and Central and South America.
For more information, please visit http://www.bsmwireless.com
For more information on Datacom, please visit http://www.datacom.com
For more information on SecTrack, please visit http://www.sectrack.be/
For more information please contact:
Mr. Aly Rahemtulla
President & CEO
BSM Technologies Inc.
1-905-265-1200
aly@bsmwireless.com
Source: BSM Technologies Inc. (TSX-V: GPS) http://www.bsmtechnologies.com
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