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BSM Technologies Incorporated


 

The Shareholders of BSM Technologies Inc. and Datacom Wireless Corporation Approve Their Business

BSM Technologies Inc. ("BSM") (TSX VENTURE:GPS) and Datacom Wireless Corporation ("Datacom") (TSX VENTURE:DAT) are pleased to announce that at their respective meetings of shareholders held yesterday, over 99% of the votes cast at each meeting were voted in favour of their proposed business combination, more fully described in the joint press release of August 21, 2009. The closing of the business combination is scheduled to occur on September 25, 2009. Following closing, the common shares of Datacom will be delisted from the TSX Venture Exchange.

The business combination will be in the form of an amalgamation of Datacom with a wholly-owned subsidiary of BSM. Each common share of Datacom will be exchange for approximately 4.2421 common shares of BSM, such that, upon completion of the business combination, the holders of common shares and stock options of Datacom will own 40.5% of all BSM securities outstanding, on a fully diluted basis.

On completion of the business combination, the board of directors will initially be comprised of 9 directors, 5 of which will be nominees of BSM and the others will be nominees of Datacom.

About BSM Technologies

BSM Technologies designs, manufactures and markets a comprehensive line of AVSL ("Automatic Vehicle Security and Tracking") solutions for Commercial and Government Fleet Management, including Law Enforcement, 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 two 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 feature 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.

About SecTrack

SecTrack sells Inmarsat D+ transceivers 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 Netistix Technologies

Incorporated in 2002, Netistix Technologies Corporation is headquartered in Ottawa, Canada and has developed a comprehensive and customizable wireless fleet management solution known as "FleetPulse".

The Netistix "FleetPulse", Wireless Fleet Management System, delivers actionable information that reduces fleet operation and environmental costs, improves productivity and increases safety.

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

About Datacom Wireless Corporation

Founded in 1999, Datacom has grown to become one of the Canadian leaders in the design, development and marketing of mission critical vehicle fleet management and theft prevention solutions. Its products and services use wireless communications and satellite-based tracking technologies (GPS) and a state-of-the-art ASP information portal.

Except for historical information contained herein, certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on BSM's or Datacom's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the board composition of BSM following the proposed transaction and the closing date of the proposed transaction.

SOURCE: Datacom Wireless Corporation

BSM Contact:
BSM Technologies Inc.
Mr. Aly Rahemtulla
President & CEO
1-905-265-1200
aly@bsmwireless.com / www.bsmwireless.com
Datacom Contact:
DATACOM
Pierre Belanger
Acting President and CEO
+1-450-781-6020
pbelanger@datacom.com

Read more...

Tags: africa   art   asia   business   canada   commercial   communications   consumer   europe   government   hardware   law enforcement   local   manufacturer   marketing   media   mining   nuclear   ottawa   productivity   products   satellite   securities   security   software   south america   stock option   subscription   technology   wireless  

Companies: BSM Technologies Inc. (BSMZF), BSM Technologies Inc. (GPS), Digital Atheneum Technology Corp (DAT)

 

The Shareholders of BSM Technologies Inc. and Datacom Wireless Corporation Approve Their Business

BSM Technologies Inc. ("BSM") (TSX VENTURE: GPS) and Datacom Wireless Corporation ("Datacom") (TSX VENTURE: DAT) are pleased to announce that at their respective meetings of shareholders held yesterday, over 99% of the votes cast at each meeting were voted in favour of their proposed business combination, more fully described in the joint press release of August 21, 2009. The closing of the business combination is scheduled to occur on September 25, 2009. Following closing, the common shares of Datacom will be delisted from the TSX Venture Exchange.

The business combination will be in the form of an amalgamation of Datacom with a wholly-owned subsidiary of BSM. Each common share of Datacom will be exchange for approximately 4.2421 common shares of BSM, such that, upon completion of the business combination, the holders of common shares and stock options of Datacom will own 40.5% of all BSM securities outstanding, on a fully diluted basis.

On completion of the business combination, the board of directors will initially be comprised of 9 directors, 5 of which will be nominees of BSM and the others will be nominees of Datacom.

About BSM Technologies

BSM Technologies designs, manufactures and markets a comprehensive line of AVSL ("Automatic Vehicle Security and Tracking") solutions for Commercial and Government Fleet Management, including Law Enforcement, 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 two 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 feature 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.

About SecTrack

SecTrack sells Inmarsat D+ transceivers 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 Netistix Technologies

Incorporated in 2002, Netistix Technologies Corporation is headquartered in Ottawa, Canada and has developed a comprehensive and customizable wireless fleet management solution known as "FleetPulse".

The Netistix "FleetPulse", Wireless Fleet Management System, delivers actionable information that reduces fleet operation and environmental costs, improves productivity and increases safety.

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

About Datacom Wireless Corporation

Founded in 1999, Datacom has grown to become one of the Canadian leaders in the design, development and marketing of mission critical vehicle fleet management and theft prevention solutions. Its products and services use wireless communications and satellite-based tracking technologies (GPS) and a state-of-the-art ASP information portal.

Except for historical information contained herein, certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on BSM's or Datacom's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the board composition of BSM following the proposed transaction and the closing date of the proposed transaction.

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.

Contacts:
BSM Contact:
BSM Technologies Inc.
Mr. Aly Rahemtulla
President & CEO
1-905-265-1200
aly@bsmwireless.com / www.bsmwireless.com

Datacom Contact:
DATACOM
Pierre Belanger
Acting President and CEO
+1-450-781-6020
pbelanger@datacom.com


SOURCE: Datacom Wireless Corporation and BSM Technologies Inc.

mailto:aly@bsmwireless.com
http://www.bsmwireless.com
mailto:pbelanger@datacom.com

Read more...

Tags: africa   art   asia   business   canada   ceo   commercial   communications   consumer   europe   government   hardware   law enforcement   local   manufacturer   marketing   media   mining   nuclear   ottawa   president   productivity   products   satellite   securities   security   software   south america   stock option   subscription   technology   wireless  

Companies: BSM Technologies Inc. (BSMZF), BSM Technologies Inc. (GPS), Digital Atheneum Technology Corp (DAT)

 

Web Sites

Total : 10 View more »

Fleet Management, GPS Vehicle Tracking & Security, Bait Car for Law Enforcement – BSM Technologies

SecTrack is known as the company that made Inmarsat D+ technology usable and affordable. It is now used in fleet management applications all over the world.

http://www.bsmtechnologies.com/

EngNet - BSM Technologies Pvt. Ltd.,

We at BSM Technologies Pvt. Ltd., , introduce ourselves as the Designers and manufacturers of Custom built equipment, Material Handling and Automation, located at Hyderabad.

http://www.engnetglobal.com/c/f.aspx/BSM001

Corporate - Careers - Detals

Our products contain superior functionality, high-tech data throughput; enhanced reliability, advanced security features and excellent value characterize all OSM products. Competitive base salary plus a comprehensive benefits plan.

http://www.bsmtechnologies.com/newsite/corporate/corporate_career_QA.htm

News - Archived Releases

1/8/2004 Bait car helps police nab theft suspect. 12/19/2003 Troopers Use High-Tech 'Bait Car' To Catch Thieves. 12/19/2003 Bait cars coming to Chilliwack. 11/19/2003 BSM Field Tests HazMat Security System for State of California 10/29/2003 CBC News: Bait Car Video.

http://www.bsmtechnologies.com/newsite/news/news_archived_media_releases.htm

Web Sites powered by Bing

Total : 25 View more »

Investor Information

www.bsmwireless.com

... marketplace is an industry market segment growing at greater than 30 percent per annum, and currently has a less than 10 percent market penetration. BSM Technologies Incorporated

http://www.bsmwireless.com/Corporate/InvestorInformation.aspx

Corporate

www.bsmwireless.com

... regarding all aspects of fleet operations to help fleet efficiency and dramatically lower costs. BSM Wireless is a wholly-owned subsidiary of BSM Technologies Incorporated (TSX-V ...

http://www.bsmwireless.com/Corporate.aspx

Automotive News and Blogs from the Electronics Industry

www.zibb.com

BSM Technologies Incorporated (13) China Mobile Limited (8) Cognex Corporation (12) DaimlerChrysler AG (6) Deutsche Telekom AG (86) eBay Incorporated (9)

http://www.zibb.com/electronics/interstitial/newsblogs/Electronics_Electronics+Applications_Automotive

Telematics Results from the Electronics Industry

www.zibb.com

Track your Fleet of Vehicles with Telematics Systems and Save on Fuel ... BSM Technologies Incorporated (15) China Mobile Limited (9) Clear Channel Communications Incorporated (4)

http://www.zibb.com/electronics/interstitial/all/Electronics_Electronics+Applications_Automotive_Telematics