BSM Announces Closing of $2,650,000 Convertable Debnture Financing

July 3, 2008

Mississauga, Ontario, CANADA - BSM Technologies Inc., (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, announces that it has completed a $2,650,000 convertible debenture financing and amended the terms of $800,000 of the $1,300,000 outstanding debentures.

BSM Announces Closing of $2,650,000 Convertable Debenture Financing

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