TORONTO, March 30, 2015 /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 Mr. Suresh Periyalwar will retire as Chief Operating
Officer ("COO") of the Company, effective April 30, 2015. Following his retirement, Mr.
Periyalwar will continue working with BSM in a consulting
capacity.
"On behalf of our employees and the senior management team, I
want to thank Suresh for his dedicated service to BSM," said
Aly Rahemtulla, President and Chief
Executive Officer of BSM. "His leadership significantly contributed
to our strong growth over the past years. We will continue to
leverage the value Suresh created during his tenure at BSM, while
working to further to improve our customer service, internal team
collaboration and efficiency. We wish him all the best in his
future endeavours."
"Working at BSM has been a very rewarding experience," said Mr.
Periyalwar. "I am very proud of all that we have accomplished
during my tenure as COO. With a strong senior leadership team
remaining, I am confident that BSM is well positioned for future
growth."
The functions that were formerly the responsibility of the COO
will be assumed by BSM's current senior management team.
About BSM Technologies Inc. (bsmwireless.com)
BSM Technologies Inc., through its subsidiary BSM Wireless Inc.,
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.