WOODBRIDGE, ON, March 27 /CNW/ - BSM Technologies Inc, (GPS: tsx-v)
(http://www.bsmtechnologies.com) a leading provider of high security vehicle
tracking and surveillance solutions today announced that it has completed a
move to larger facilities just north of Toronto.
RECENT SALES AND INCREASED EXPOSURE TRIGGER MOVE
This move is a direct result of the company's mandate to further its
sales initiatives. Over the last quarter the company has announced significant
contracts with Bantek West Inc. and Vandermarel Trucking and others previously
announced. In fact the company has doubled its sales force in Canada & US to
handle the increased exposure that has arisen from these deals featuring the
Sentinel FM product.
NEW FACILITY QUADRUPLES IN SIZE
The new facility that is located just north of Toronto, Ontario in
Woodbridge is Quadruple the size of the old Mississauga location. In addition
to the increased sales staff, the new facility will provide increased
capability for order fulfillment, including: product assembly, automated
testing, product repair, warehousing and shipping and receiving. The expansion
will provide improved fulfillment and support services for all of BSM
products.
Nick Cirella, President and CEO of BSM stated "I am pleased to report
today that our new sales initiatives have mandated a move to a larger
facility. As a leader in this space and with the publicity of our ongoing
technological developments, we have doubled our sales staff to focus on our
Sentinel FM suite of products which will create market value for BSM."
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 BSM Technologies (GPS:tsxv) (http://www.bsmtechnologies.com)
BSM Technologies and its subsidiaries HGI Wireless and BSM Wireless
design, manufacture and market a comprehensive line of high security vehicle
tracking and surveillance solutions for: Law Enforcement Bait and Covert, High
Security and Executive Protection, Fleet Management and Consumer Safety. BSM
products are designed with the enhanced reliability, functionality, and
security today's GPS technology allows. By also incorporating advanced mapping
and wireless technologies, the BSM line of products provides sophisticated
real-time monitoring and control of vehicle assets.
The BSM line of products range from our Fleet and Trailer management
Edition, to our full featured "Stinger" featured in news media worldwide as
the key technology behind the "Bait & Covert" application used by Law
Enforcement to deter auto, Trailer and heavy equipment theft. That same
quality and attention to detail is dedicated to the manufacture of all our
products. Recognized as an industry leader in Covert Telematics, BSM provides
solutions for any asset-tracking requirement. Our product line can be adapted
to your requirements, and our support infrastructure assures you receive the
premium GPS solution in the industry.
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This press release is available on the company's official on-line
investor relations site for investor commentary, feedback and questions.
Investors are asked to visit http://www.agoracom.com/IR/BSM and view
the "BSM Technologies" IR HUB.
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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.
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