BSM Announces Completion of Private Placement Debenture Financing with Insider

January 15, 2008

Woodbridge, Ontario, CANADA - BSM Technologies Inc, (GPS: TSX-V) (www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, today announced completion of a private placement of a $450,000 Debenture Financing witha Company controlled by the acting chairman of the Company.