BSM Technologies Inc. (TSX VENTURE:GPS), a provider of GPS-based AVL (Automatic Vehicle Location) fleet tracking and management solutions stock moves Wednesday on heavy volume.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=27938689&l=0&r=0&s=GPS&t=LIST
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Feb 19 2010/ BSM Technologies Inc. ("BSM" or the
"Company") (GPS: TSX-V), a leading provider of high security vehicle tracking
and surveillance solutions saw its shares move
Wednesday on heavy volume of 2,044,600 and 5,300,000 on Thursday as investors buy the company for their attractive share value of
.04 at a time when the company sees revenue growth and cash flow increases. We expect their recent acquisition of Datacom will add significant value and revenue for 2010 reflecting in (GPS: TSX-V) share price.
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 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. {more news}
Their 2009 revenues were $9,128,293 but add the new revenue stream in from the acquisition of Datacom of $2,000,000 per quarter then 2010 revenues should be around $17,000,000. This company is gaining traction, they have almost $6,000,000 combined with cash and back orders and total assets are above $11,000,000! With the revenues combined with total assets this is at least a
.50 stock. They are in a high growth industry that will only get bigger. This is a perfect stock to buy and park your money because as gold and oil loses luster the tech plays that are making great revenues globally will be the solid picks. Thanks for the in box I'll be buying tomorrow.
SIGNIFICANT TRANSACTIONS
On September 25, 2009 the Company acquired all the outstanding shares of Datacom Wireless
Corporation (“Datacom”), a Montreal-based company. Datacom is a telematics service provider that
supplies strategic-data acquisition, transmission, organization, distribution and integration services for
various business sectors, especially in the sectors of transportation, industrial inventory management and
public utility services.
The transaction is expected to provide a number of benefits for the Company including:
• A diversified global customer base and strengthened presence in Quebec and Eastern Canada.
• Creation of a significant services revenue base which is expected to be $2.0 million per quarter.
• Increase in scale and market presence.
• Significant cost synergies.
5 RESULTS FROM OPERATIONS
Highlights for the year ended September 30, 2009:
• 16.6% increase in revenue
• $ 986,988 increase in gross profit
• $ 2,265,175 increase in working capital
• Operating income of $139,402
• Completed the acquisition of Datacom Wireless Corporation
BSM Technologies designs, manufactures and markets a comprehensive lineof AVSL ("Automatic Vehicle Security and Tracking") solutions for FleetManagement, Law Enforcement, and Consumer Vehicle Protection, through itssubsidiary BSM Wireless. The BSM line of products range from Fleet Managementand Consumer Vehicle Protection offerings to the full featured ''Stinger''product featured in news media worldwide as the key technology behind the Baitand Covert application used by hundreds of Law Enforcement agencies to detervehicular, trailer and heavy equipment theft. Superior functionality, seamless switching between two separatefootprints, enhanced reliability, advanced security features, and excellentvalue characterize BSM products. By incorporating advanced wireless locatingand mapping technology, and IP-based communications protocols, the BSM line ofproducts provides sophisticated real-time monitoring and control of commercialand personal vehicle assets to meet the demanding needs and stringentrequirements of today's mobile environments. BSM's unique end to end solutionsfeature sophisticated wireless hardware, firmware and software all developedby and proprietary to BSM. The BSM product line can be easily adapted andcustomized to match any customer user requirement while BSM's in-house supportinfrastructure assures that all clients receive the premium AVSL solution inthe industry to meet their needs. {more news}Their 2009 revenues were $9,128,293 but add the new revenue stream in from the acquisition of Datacom of $2,000,000 per quarter then 2010 revenues should be around $17,000,000. This company is gaining traction, they have almost $6,000,000 combined with cash and back orders and total are above $11,000,000! With the revenues combined with total assets this is at least a .50 stock. They are in a high growth industry that will only get bigger. This is a perfect stock to buy and park because as gold and oil loses luster the tech plays that are making great revenues globally will be the solid picks. Thanks for the in box I'll be buying tomorrow.