TORONTO, Dec. 19, 2014 /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 on
December 18, 2014, the Company
granted 47,500 deferred share units ("DSUs") to certain
directors of the Company.
The DSUs entitle the holder to receive one common share of the
Company from treasury on the date on which the holder ceases to be
a director of the Company, without any monetary consideration being
paid to the Company. The grant of DSUs is subject to the policies
of the TSXV. Following the aforementioned grant of DSUs, the
Company has 47,500 DSUs outstanding pursuant to its 2014 Deferred
Share Unit Plan.
About BSM Technologies Inc. (bsmwireless.com)
BSM Technologies Inc., through its subsidiaries, 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.
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
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within
the meaning of applicable securities laws. Such forward-looking
information is often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may",
"will", "should", "could", or "might" occur or be achieved and any
other similar expressions. These forward-looking statements, and
any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our
business. Management believes that these assumptions are
reasonable. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that could cause
actual results to differ materially from those contained in the
forward-looking information. Some of these risks, uncertainties and
other factors are described under the heading "Risk Factors" in the
Company's annual information form available at www.sedar.com.
Forward-looking information is based on estimates and opinions of
management at the date the statements are made. Except as required
by law, BSM does not undertake any obligation to update
forward-looking information even if circumstances or management's
estimates or opinions should change. Readers should not place undue
reliance on forward-looking information.
SOURCE BSM Technologies Inc.