Blackline GPS Corp.

Blackline GPS Corp.

October 07, 2009 09:00 ET

Blackline GPS Corp. Grants Stock Options

CALGARY, ALBERTA--(Marketwire - Oct. 7, 2009) -


Blackline GPS Corp. (TSX VENTURE:BLN) ("Blackline" or the "Company") is pleased to announce that it has granted stock options to acquire up to 850,000 common shares of the Company to Randy Henderson in connection with his appointments on October 1, 2009 as chief financial officer and to the board of directors. For further information on the appointments please refer to the Company's press release issued October 1, 2009, available on

The Options have an exercise price of $0.20 per common share and expire five years from the date of the grant, being October 1, 2014. Of the total grant, 350,000 Options vest immediately and 500,000 Options vest over three years, releasing as to 1/6th of the granted Options every six months from the issuance date with the first Options vesting on April 1, 2010.

Blackline has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 are available for the grant of options.

About Blackline GPS, Corp.
Blackline GPS, Corp., founded in 2004, integrates satellite GPS tracking with cellular GSM technology to provide innovative wireless products and service solutions to address the growing markets in vehicle and watercraft security and recovery, location-sharing, workforce management and family efficiency concepts. Headquartered in Calgary, Canada, Blackline GPS powers the ESCORT® Entourage™ CIS and PS vehicle security systems, combining the premium components of the ESCORT family of products with a level of user website connectivity, access to global databases and backend location tracking and recovery only Blackline GPS can offer. Other products include Harpoon™ GPS watercraft security systems, BlipPlus™ Friend-finder app for Blackberry® smartphone and the Monitoring & Recovery Service powered by Blackline GPS. This latter product provides instant text, email and direct voice contact alerts when vehicles or watercraft are tampered with, and a national recovery network should they be stolen. Technology, dedication and vision combine to create an ever-growing suite of tools designed to Protect. Share. Connect™.

For additional information please visit Blackline GPS on the web at

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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