TORONTO, Feb. 25, 2016 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSX: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, announced today that, further to its press release dated December 17, 2015, the Company has terminated its automatic securities repurchase plan (the "Plan") with Paradigm Capital Inc., effective immediately. Except for the termination of the Plan and the obligations contained therein, the Company's current normal course issuer bid, approved by the Toronto Stock Exchange on December 17, 2015, will continue upon the same previously announced terms and conditions.
About BSM Technologies Inc. bsmwireless.com)
BSM Technologies Inc., through its subsidiaries, is a global top 20 commercial fleet telematics provider for automatic vehicle location (AVL) solutions that improve efficiency, accountability and reduce costs for fleet operators. BSM's end-to-end solutions automate record keeping and regulatory compliance, reduce fuel burn and idling, mitigate risk, and keep drivers safe. BSM provides solutions for commercial and government units who manage and operate diverse assets and large fleets that utilize its integrated fleet tracking, fleet maintenance, and intelligent business engine which provides real time, webbased tracking of mobile and fixed assets.
All amounts in Canadian dollars (CAD$) unless otherwise noted. The TSX does not accept 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.
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For further information: BSM Technologies Inc.: Aly Rahemtulla, President & Chief Executive Officer, BSM Technologies Inc., (416) 675-1201, firstname.lastname@example.org; Conrad Seguin, Investor Relations, NATIONAL Equicom, (416) 586-9916, email@example.com