BSMTechnologiesInc. (TSX VENTURE:GPS), a provider of GPS-based AVL(Automatic VehicleLocation) fleet tracking and management solutionsstock moves Wednesdayon 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 atatime when the company sees revenue growth and cash flow increases.We expect their recent acquisition of Datacom will add significantvalue 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}
Their2009revenues were $9,128,293 but add the new revenue stream in fromtheacquisition of Datacom of $2,000,000 per quarter then 2010revenues should be around $17,000,000. This company is gaining traction,they have almost $6,000,000 combined with cash and back orders and totalassets 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 moneybecauseas gold and oil loses luster the tech plays that are making greatrevenues globally will be the solid picks. Thanks for the in boxI'll bebuying 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
BSMTechnologiesdesigns, manufactures and markets a comprehensive lineofAVSL("Automatic Vehicle Security and Tracking") solutionsforFleetManagement, Law Enforcement, and Consumer VehicleProtection,through itssubsidiary BSM Wireless. The BSM line of productsrange fromFleet Managementand Consumer Vehicle Protection offerings tothe fullfeatured ''Stinger''product featured in news media worldwide asthe keytechnology behind the Baitand Covert application used byhundreds ofLaw Enforcement agencies to detervehicular, trailer andheavy equipmenttheft. Superior functionality, seamless switchingbetween twoseparatefootprints, enhanced reliability, advanced securityfeatures,and excellentvalue characterize BSM products. By incorporatingadvancedwireless locatingand mapping technology, and IP-basedcommunicationsprotocols, the BSM line ofproducts provides sophisticatedreal-timemonitoring and control of commercialand personal vehicleassets to meetthe demanding needs and stringentrequirements of today'smobileenvironments. BSM's unique end to end solutionsfeaturesophisticatedwireless hardware, firmware and software all developedbyandproprietary to BSM. The BSM product line can be easilyadaptedandcustomized to match any customer user requirement whileBSM'sin-house supportinfrastructure assures that all clients receivethepremium AVSL solution inthe industry to meet their needs.{morenews}Their 2009 revenues were $9,128,293 but add the new revenuestreamin from the acquisition of Datacom of $2,000,000 per quarter then2010revenues should be around $17,000,000. This company isgainingtraction, they have almost $6,000,000 combined with cash andbackorders and total are above $11,000,000! With the revenues combinedwithtotal assets this is at least a .50 stock. They are in a highgrowthindustry that will only get bigger. This is a perfect stock tobuy andpark because as gold and oil loses luster the tech plays thataremaking great revenues globally will be the solid picks. Thanks forthein box I'll be buying tomorrow.