TORONTO, Nov. 15, 2016 /CNW/ - BSM Technologies Inc.
("BSM" or the "Company") (TSX: GPS), a leading provider of remote
monitoring, fleet management, and fleet diagnostics, today
announced that Mr. Alban Hoxha,
Chief Technology Officer of the Company, will be leaving the
organization to pursue other opportunities, effective January 20, 2017. The Company has commenced a
search for his replacement.
"On behalf of the management team, I want to thank Alban for his
contributions to BSM and wish him success in his future
endeavours," said Aly Rahemtulla,
President and Chief Executive Officer of BSM. "Our R&D team
continues to work diligently to integrate our technology and
build-out a unified platform. With the recent addition of Mobi
Corp., we added even greater capabilities to our customer offering,
and believe that the strength of our broader R&D team will
drive our technology initiatives and ensure that integration
remains on schedule as we transition to new technology
leadership."
About BSM Technologies Inc. (bsmwireless.com)
BSM Technologies Inc., through its subsidiaries, is a global top
20 commercial fleet telematics provider for automatic vehicle
location (AVL) solutions that improve efficiency, accountability
and reduce costs for fleet operators. BSM's end-to-end solutions
automate record keeping and regulatory compliance, reduce fuel burn
and idling, mitigate risk, and keep drivers safe. BSM provides
solutions for commercial and government units who manage and
operate diverse assets and large fleets that utilize its integrated
fleet tracking, fleet maintenance, and intelligent business engine
which provides real time, web‐based tracking of mobile and fixed
assets.
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 Canadian 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. Such forward-looking
information includes but is not limited to, statements with respect
to the Company's ability to continue technology initiatives under
new technology leadership, the Company's ability to continue its
integration schedule and the Company's ability to efficiently
transition to a new technology leader. 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 and include, but are not limited to,
efficiently and successfully replacing Mr. Hoxha with a new chief
technology officer. Management believes that these assumptions are
reasonable; however, some risks include, but are not limited to,
the failure to efficiently or successfully hire a new chief
technology officer to continue our technology initiatives and
integration schedule. 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
BSM's annual information form for the year ended December 31, 2015 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 applicable law, BSM does not undertake any obligation to update
forward-looking information. Readers should not place undue
reliance on forward-looking information.
SOURCE BSM Technologies Inc.