FSC / Press Release
Koch Transport recognizes the benefits of Moving from a satellite-based system to BSM Wireless' web-based AVL solution
Woodbridge, Ontario CANADA, July 20, 2006 /FSC/ - BSM Technologies Inc. (GPS - TSX Venture), (http://www.bsmtechnologies.com) a leading provider of GPS-based AVL (Automatic Vehicle Security and Tracking) secure vehicle and trailer fleet tracking and management solutions, today announced that Koch Transport, a LTL and TL drop off and pickup carrier located in Cambridge Ontario, has just completed the implementation of BSM's SentinelFM AVL and Vehicle Location system for their entire fleet. This sale involves over 90 units and is valued at $200,000 to BSM over its three year term.
"Koch Transport has realized the many ROI benefits and efficiencies for improving customer service through knowledge, responsiveness and detailed reporting. With BSM's web-based ASP solution, benefits include fuel savings, no infrastructure costs, accuracy, speed of data retrieval and robust reporting over the web", said Lynn Arcari Director of Sales at BSM Wireless.
"After using satellite communications for many years, Koch Transport Inc. has decided to switch to BSM SentinelFM Technology. Satellite was 100% more expensive and 75% less effective than BSM's SentinelFM Fleet Management System. Instead of receiving occasional position updates, we now have data on virtually every event that takes place including, last known position of all our vehicles, stops, starts, wait times, etc. With this information, we can now manage virtually every area of our business with more timely vehicle data, realizing dramatic reductions in overtime and fuel costs, while increasing our efficiencies." said Bill Lindley, Vice President of Koch Transport Inc.
This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/bsm alternatively, investors are asked to e-mail all questions and correspondence to lmalcolm@bsmwireless.com where they can also request addition to the BSM Technologies investor e-mail list to receive all future press releases and updates directly.
About Koch Transport
Since 1924, Koch Transport has been a familiar sight on the roads throughout southern and eastern Ontario. Over the year, Koch has included the USA markets of Buffalo, Detroit, Port Huron and surrounding areas with our personalized and reliable brand of LTL service. Koch Transport continues to deliver the high customer care and personalized service we have always been known for. In addition, we are evolving into a carrier with more scope and service enhancements that deliver greater benefits to our customers, including expanded resources, greater capacity and increased coverage. We are members of the Ontario Trucking Association and the Transpotation Health & Safety Association of Ontario. Other links of note include the Canadian Chemical Producers Association and the MTO. Through our affiliation with FastFrate and Canadian Drayage, we have the resources to meet any transportation need.
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.
Company Contact
Mr. Lindsay Malcolm
Investor Relations
1-877-713-7465 (toll-free)
lmalcolm@bsmwireless.com
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
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