Blackline GPS Corp.
TSX VENTURE : BLN

Blackline GPS Corp.

September 18, 2009 16:36 ET

Blackline GPS Corp. Reports Third Quarter, Fiscal 2009 Results

CALGARY, ALBERTA--(Marketwire - Sept. 18, 2009) - Blackline GPS Corp. (TSX VENTURE:BLN) ("Blackline GPS" or the "Company") today filed its unaudited consolidated financial statements for the quarter ended July 31, 2009 along with the related management discussion and analysis.

All of these filings along with additional information included the annual audited financial statements can be accessed electronically on SEDAR at www.sedar.com.

Third Quarter Highlights

- On May 14, 2009, the Company entered into an agreement with Reliance Protectrron Inc. ("Reliance Protectron"). Under the agreement, Reliance Protectron will monitor and recover stolen vehicles and watercraft installed with Blackline's security, monitoring and recovery products. Reliance Protectron is the fifth largest security monitored account base in North America with four ULC Certified monitoring centers located across Canada, and is a member of the North American CSAA (Central Stations Alarm Association).

- On May 25, 2009, the Company completed a financing of 17,563,000 units at a price of $0.20 per unit for gross proceeds of $3,512,600. Each unit was comprised of one common share and one half of one purchase warrant exercisable for a period of two years at an exercise price of $0.40 per warrant.

- On June 22, 2009, the Company completed a financing of 2,974,500 units at a price of $0.20 per unit for gross proceeds of $594,900. Each unit was comprised of one common share and one half of one purchase warrant exercisable for a period of two years at an exercise price of $0.40 per warrant.

- On July 8, 2009 the Company obtained Industry Canada, Federal Communications Commission and PTCRB approval for its newest product, the Escort Entourage CIS.

- On July 21, 2009, the Company announced the appointment of Martin Thall to its board of directors. As the Vice President and General Manager of Microsoft's Automotive division (2004 to 2008), Mr. Thall drove their success in automotive by advancing the industry's efforts to enhance consumers' driving experience through embedded solutions resulting in safer integration of mobile devices into the automobile via the Company's dedicated software platform. Under Mr. Thall's leadership, Microsoft Auto was developed and is now shipping in all major worldwide automotive markets through Fiat, Ford, Hyundai-Kia, and others.

"Blackline GPS achieved a number of very important milestones during this past quarter" said Clark Swanson, President and CEO of Blackline GPS. "Raising over $4 million in cash has provided us with the necessary capital to execute our business plan for the near term which has included the completion and certification of our new Escort Entourage CIS product. With the Escort Entourage CIS and Escort Entourage PS products now hitting shelves across Canada and the United States the coming months will be very exciting for Blackline GPS. Further, the appointment of Martin Thall to the board of directors has created tremendous value for the Company and unveiled some significant opportunities. It is a real complement to Blackline GPS for someone of his calibre to have joined our organization."

About Blackline GPS, Corp.

Blackline GPS Corp. is a communication technology manufacturer of security, tracking & monitoring devices for automotive, commercial and industry safety and family use. Blackline GPS sells its products under its own brand name and through a mutually exclusive licensing arrangement with Escort Inc., the world's leading technology company in automotive radar and laser detection instruments (www.escortinc.com). Blackline GPS also provides monitoring services for their manufactured products under partnership with Reliance Protectron, the 5th largest security company in North America. www.blacklinegps.com.

A copy of this news release will be available at www.sedar.com.

Certain statements included in this presentation may be considered forward-looking. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not be taken as guarantees of future performance or results. Forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Blackline's control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates and stock market volatility. The forward-looking statements contained in this news release are made as at the date of this news release and Blackline does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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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