WOODBRIDGE, ON, Jan. 17 /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,
today announced that it has exercised its option to convert, on a
one-for-one basis, all 65,755,555 issued and outstanding preferred
shares into common shares of the Company, in accordance with terms of
the preferred shares.
Following this conversion, BSM has 293,256,117 common shares
About BSM Technologies
BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading
provider of remote monitoring, fleet tracking, fleet maintenance, and
automated vehicle security systems 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.
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.
For more information, please visit http://www.bsmwireless.com
SOURCE BSM Technologies Inc.
For further information:
Mr. Aly Rahemtulla
President & CEO
BSM Technologies Inc.
TMX | Equicom
416-815-0700, ext. 290