BSM Technologies Inc.

BSM Technologies Inc.

July 12, 2007 09:09 ET

BSM Technologies Subsidiary, SecTrack NV, Launches New Global Dual Mode Model

WOODBRIDGE, ONTARIO--(Marketwire - July 12, 2007) - BSM Technologies Inc. ("BSM" or the "Company") (TSX VENTURE:GPS), a leading provider of high security vehicle tracking and surveillance solutions, announced today through its wholly-owned subsidiary, SecTrack NV ("SecTrack") the launch of their dual mode D+ and/or Quad Band GPRS, and/or 1XRTT wholesale model.


By leveraging BSM's experience in secure seamless switching between cellular and satellite dual mode, BSM has complimented the business model of SecTrack by introducing a new product with new features. This new global leading product will be available to SecTrack's existing and future clients.

The D+ unit will work in conjunction with the terrestrial cellular modem, the SFX1000B, to provide a cost effective methodology to transmit data. In addition, the complexity of integrating multiple protocols has been eliminated by maintaining the existing SecTrack protocol for delivery of the information.


SecTrack has an international market focus, distributing satellite telematics products throughout Europe, Asia, Africa, Central and South America. It has a network of more than 200 value-added resellers in over 38 countries. SecTrack generates revenue from the sale of satellite telematics products to its network of international VARs and receives monthly recurring revenue from a subscriber base of more than 5,000 devices in active service. SecTrack has in excess of 20,000 registered units in service. The adaptability of this new product offering enables the Value Added Partner the ability to focus on new revenue generating applications. The new product will work with existing units operating in the field as well as new purchases.

"We are extremely pleased with this launch that provides SecTrack clients the benefit of our experience with seamless dual mode capabilities," stated Nick Cirella, President and CEO for BSM Wireless. "Our Value Added Partners in 38 Countries worldwide will take advantage of our expertise in the satellite/wireless dual mode field to provide their customers with the most robust product offering in the world today."

"BSM, working in conjunction with SecTrack's technical team, have now enabled the coupling of two devices. A client now has the ability to introduce the cost benefits of a terrestrial cellular device our SFX1000B without having to burden the cost of the development of dual mode," said Lou Arcari, Vice President International and OEM Sales.

Mr. Cirella added, "In short, customers can now purchase a dual mode enabled device and services from SecTrack that they will be able to use with their application and market to their clients to enhance their product offering and realize a greater revenue potential. Furthermore, all traffic would process through the SecTrack gateway as it did in the past and in the same format."

"The SecTrack product offering leverages the cost savings realized in terrestrial cellular coverage and compliments the ubiquitous coverage that satellite provides. This union compliments and defines new business rules that the global marketplace requires and expects," continued Mr. Cirella.

About SecTrack

SecTrack sells Inmarsat D+ transceivers and the BSM SFX1000B Multi protocol terrestrial device 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.

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 2 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, features 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.

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.

This release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The common shares of the Company have not been registered under the United States Securities Act of 1933, as amended, and they may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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

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