Exercise Price for Private Placement Reserved by BSM Technolgies

September 16, 2004

MISSISSAUGA, Ontario –  BSM Technologies Inc., (TSX-V: GPS) a leading provider of highsecurity vehicle tracking and surveillance solutions, todayannounced that it has applied for a price reservation through the TSX Venture Exchange to set the price for conversion ofconvertible debentures into common shares.

Exercise Price for Private Placement Reserved by BSM Technologies

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