TORONTO, Oct. 5, 2015 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, is pleased to announce that it has received final approval from the Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture Exchange (the "TSXV") and list its common shares (the "Common Shares") on the TSX.
The Common Shares of the Company will be listed and posted for trading on the TSX at the opening of markets on Tuesday, October 6, 2015. In connection with the listing of the Common Shares of the Company on the TSX, the Common Shares of the Company will be delisted from the TSXV on Tuesday, October 6, 2015, upon commencement of trading on the TSX. The Common Shares of the Company will continue to trade under the symbol "GPS".
"This marks a significant milestone in our history as a public company," said Aly Rahemtulla, President and Chief Executive Officer of BSM. "Our graduation to the TSX will serve to increase our exposure and attract a broader and more diverse set of investors."
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. Neither the TSX, the TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in 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: BSM Technologies Inc.: Aly Rahemtulla, President & Chief Executive Officer, BSM Technologies Inc., (416) 675-1201, [email protected]; Conrad Seguin, Investor Relations, NATIONAL Equicom, (416) 586-9916, [email protected]