BSM Technologies Inc.
TSX VENTURE : GPS

BSM Technologies Inc.

September 27, 2007 08:00 ET

BSM Awarded Prestigious Oil and Gas Sector Contract

WOODBRIDGE, ONTARIO--(Marketwire - Sept. 27, 2007) - BSM Technologies Inc, (TSX VENTURE:GPS) (http://www.bsmtechnologies.com) a leading provider of GPS-based AVL secure vehicle and trailer fleet tracking and management solutions, today announced that BSM has been awarded the initial rollout of 25 dual-mode CDMA / IRIDUIM units. Value of the initial order is $137k over 36 months.

BSM is pleased to announce that an initial order has been received by a global Oil, Gas, and Water processing services organization with offices and assets around the world. The unnamed organization (name withheld for security reasons) is starting with their Canadian operation and will migrate this solution to other geographies as the implementation successfully progresses. The organization is very dedicated in providing improvements on the health and safety of its employees and based their decision on BSM's ability to provide for long continuous messaging, 'Man Down' compliance and the ability to remain in contact with their staff at all times. This is our first commercial release of an Iridium-based dual-mode solution.

The Iridium dual-mode solution permits any organization with work areas, routes and jobsites beyond acceptable cellular coverage, to remain in continuous contact with staff and track on a 24/7 basis. BSM's seamless-switching from any cellular network to the Iridium satellite network provides for continuous coverage.

"With the connectivity offered by BSM to their vehicle's onboard computer ( J1708 and OBD2 interfaces), the dispatcher, health and safety officer and management can immediately locate vehicles and respond quickly to any emergency situation while also measuring the safe driving behavior of its drivers," commented Mr. Nick Cirella, President and CEO of BSM Wireless.

"Based on other successful implementations in the Oil and Gas Sector, BSM's Sentinel Fleet Management solution is being selected as a "best of breed" solution to provide greater security and safety to staff regardless of their location. Our client has valued our decisions in the past to provide a solution that addresses their business needs. The BSM dual-mode Iridium solution provides the additional bandwidth that compliments the terrestrial usage of cellular system." added Mr. Cirella. "This is another example where BSM is network agnostic in providing a solution that addresses all usage, coverage and financial implications."

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@agoracom.com where they can also request addition to the BSM investor e-mail list.

About BSM Technologies

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 two 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 feature 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.

About SecTrack

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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, market acceptance of principal products, the impact of competitive products and technologies, the possibility of products infringing patents and other intellectual property of fourth parties, and costs of product development.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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