BSM Technologies signs $400,000 contract to supply satellite terminals

TORONTO, June 5, 2012 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSX-V: GPS), a leading provider of remote monitoring, fleet and asset management, fleet diagnostics and automated vehicle security systems, announced today the sale of 500 satellite terminals in the African market through its sales partner. The value of the order is approximately $400,000.

Based in South Africa, the customer focuses on the law enforcement, transportation and mining sectors, providing solutions that include managing fleets, equipment, containers and mobile field workers. This current order is in addition to 200 units they received in the previous quarter.

"We are very pleased with the strong order flow we receive from our global customers," said Eric Morin, Director of International Sales. "This validates the effectiveness of our technology and demonstrates the broad application of our products across business sectors and nations."

About BSM Technologies
BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading provider of remote monitoring, fleet tracking, fleet maintenance, and business intelligent engine providing real time, web‐based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs.

For more information, please visit http://www.bsmwireless.com

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE BSM Technologies Inc.

For further information:

Aly Rahemtulla
President & CEO
BSM Technologies Inc.
1-416‐675-1201
aly@bsmwireless.com 

Craig MacPhail
TMX | Equicom
416-815-0700, ext. 290
cmacphail@equicomgroup.com


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