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BSM Announces 100 Unit, $450,000 Contract From Anonymous Oil and Gas Services Company

BSM Technologies Inc, (GPS: tsx-v) (http://www.bsmtechnologies.com) a leading provider of GPS-based AVL secure vehicle and trailer fleet tracking and management solutions, today announced receipt of an order worth approximately $450,000 from another oil and gas services company located in Western Canada. For security reasons, the identity of the Unnamed Oil and Gas Services Company (UNOGS) will remain confidential. Today's announcement continues BSM's success within the Canadian Oil and Gas sector, as first announced on September 26, 2006 when BSM announced a 280 unit, $1,000,000 order from a Major Oil and Gas Services Company.

UNOGS UTILIZES SentinelFM TO PROTECT PERSONNEL OUT OF CELLULAR RANGE.

BSM will implement its true dual mode (satellite and cellular) AVL and Fleet Management applications in one hundred (100) vehicles, which constitute a part of a much larger fleet that will be dispatched to areas outside of normal cell coverage. The SentinelFM dual mode IX RTT/Satellite coverage will provide greater safety and security to their drivers and services staff when they are out of cellular coverage.

OPPORTUNITY TO EXPAND INTO FURTHER VEHICLES UPON SUCCESSFUL

IMPLEMENTATION

The contract is worth approximately $450,000 and installation is scheduled for completion prior to the December freeze. Upon the successful completion of this implementation, other fleet vehicles have been identified for future implementation of BSM's SentinelFM solution.

"Based on other successful BSM implementations in the Oil and Gas Sector and the completion of an extensive due diligence, the UNOGS selected BSM's SentinelFM Secure fleet management solution to provide greater security and safety to their staff regardless of their location. The selection was also based on the flexibility of BSM's Technology Development team to understand the requirements and provide a solution for timely implementation.

By providing output and more accurate vehicle and driver data from their vehicle's OBD2 port, BSM also offers greater report thoroughness and capability based on speed and odometer readings and other hard breaking, acceleration and seatbelt usage. BSM, as part of the ASP application, is providing reports on idle and stop times, geo zone violations and notification, resulting in greater insight into driver activities. The BSM dual mode (cellular and satellite) AVL solution permits oil field workers to be in constant contact with their dispatcher, emergency team and other designated staff regardless of their geographic location and working environment," said Michael Bookbinder, Director of Sales at BSM Wireless.

"Based on new Work-a-lone legislation and the need for work safety measures, BSM offers oil field workers and drivers with excellent cellular coverage provided by Telus Mobility that is now augmented by BSM's automatic switchover to satellite for continuous monitoring, position updates, speeding violations, mandown, work alone and panic alarm notifications - all contributing to a safer and more secure working environment," added Bookbinder.

This press release has been submitted to http://www.TOP10PressReleases.com for investors to vote on and help move into the TOP 10 of the day. Investors can locate the release by using the industry filter or searching by company name and/or stock symbol.

This press release is available on the Company's official investor relations site for investor questions and commentary at http://www.agoracom.com/IR/BSM. Alternatively, investors are able to e-mail their questions to GPS@agoracom.com where they can also request addition to the BSM investor e-mail list.

About BSM Technologies (GPS:TSX-V) (http://www.bsmtechnologies.com)

BSM Technologies designs, manufactures and markets a comprehensive line of AVSL (Automatic Vehicle Security and Tracking) solutions for Fleet Management, Law Enforcement, and Consumer Vehicle Protection, 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 2 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, features 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.

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The TSX Venture Exchange has not reviewed and 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. This News Release may include certain "forward-looking

statements" that involve risks and uncertainties. Actual results may

differ materially from results indicated in any forward-looking

statements. The company cautions that, among other things, in view

of the rapid changes in communications markets and technologies, and

other risks including the cost and market acceptance of the company's

new products, the level of individual customer procurements and

competitive product offerings and pricing, and general economic

circumstances, the company's business prospects may be materially

different from forward-looking statements made by the company

>>

For further information: Company Contact, Mr. Nick Cirella, President & CEO, BSM Technologies Inc., (905) 265-1200, nickcirella@bsmwireless.com, www.bsmwireless.com; Retail Investor Inquiries, AGORACOM Investor Relations, http://www.agoracom.com/IR/BSM, GPS@agoracom.com; Retail Broker Inquiries, Ms. Sheryl Joyce, Account Executive, Barnes McInerney Inc., (416) 367-5000, sjoyce@barnesmcinerney.com, www.barnesmcinerney.com

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