Blackline GPS Corp.

Blackline GPS Corp.

September 02, 2009 19:07 ET

Blackline GPS Corp. Grants Stock Options

CALGARY, ALBERTA--(Marketwire - Sept. 2, 2009) -


Blackline GPS Corp. (TSX VENTURE:BLN) ("Blackline" or the "Company") is pleased to announce that it has granted stock options (the "Options") to acquire up to 800,000 common shares of the Company to certain of its directors and officers. The Options have an exercise price of $0.20 per common share and expire five years from the date of the grant, being September 2, 2014. The Options vest over three years releasing as to 1/6th of the Options granted every six months from the issuance date, with the first Options vesting on March 2, 2010.

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

About Blackline GPS Corp.

Blackline GPS Corp. is a communication technology manufacturer of security, tracking and monitoring devices for automotive, commercial and industry safety and family use. Blackline 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 ( Blackline also provides monitoring services for their manufactured products under partnership with Reliance Protectron, the fifth largest security company in North America.

A copy of this news release will be available at

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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