BSM Technologies is 177th in Branham300 ranking of Canadian ICT Leaders

TORONTO, April 24, 2012 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSX-V: GPS), a leading provider of remote monitoring, fleet and asset management, fleet diagnostics and automated vehicle security systems, today announced that it has been ranked at 177 on the Branham300 ranking of Canadian information and communication technology companies.

"We are pleased to be included in the Branham300," said Aly Rahemtulla, BSM's President and CEO. "Our success is based on our ability to develop custom solutions that address unique industry challenges and our complete commitment to our customers. On achieving this I would like to commend all of our employees for their hard work and dedication."

For nearly 20 years, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues.

"With the lingering effects of the economic downturn all but gone in 2011, the Canadian ICT industry generated impressive growth over the past year in order to set a new Branham300 revenue record," said Wayne Gudbranson, President and CEO of Branham Group. "Canada's largest tech players as well as companies within the SMB segment closed strong fiscal 2011 campaigns, an indication that companies of all sizes experienced the market rebound. Looking forward, Branham expects the industry to build on its 2011 performance and post strong single-digit growth in 2012."

Further details on the 2012 Edition of the Branham300 can be found online at http://www.branham300.com and in the April/May issue of Backbone Magazine (www.backbonemag.com), which is distributed nationally with the Globe and Mail.

About BSM Technologies

BSM Technologies, 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.

About the Branham300

For nearly 20 years, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues. It illustrates the depth and breadth of innovative technologies developed in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry.  The Branham300 list consists of the following major categories:

• Top 250 Canadian ICT Companies
• The Next 50 Canadian ICT Companies
• Top 25 ICT Multinational Companies operating in Canada
• Top 25 Up and Comer ICT Companies (category ranked on innovation/not revenue)

The Branham300 is published annually on www.branham300.com, as well as in the April/May issue of Backbone Magazine (www.backbonemag.com). Keep up to date with the Branham300 and Branham Group on twitter at @branhamgroup, through Branham's Newsletter, or RSS feed.

About Branham Group Inc.

Branham Group Inc. is a leading industry analyst and strategic consulting company servicing the global Information, Communication and Entertainment (ICE) Technology marketplace. Branham Group assists ICE Technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green IT and Cloud). Branham also produces an annual listing of the top ICT companies in Canada (www.branham300.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth).

For more information regarding Branham Group, please visit www.branhamgroup.com.

For more information, please visit http://www.bsmwireless.com

Aly Rahemtulla
President & CEO
BSM Technologies Inc.
1-416‐675-1201
[email protected]

Craig MacPhail
TMX | Equicom
416-815-0700, ext. 290
[email protected]

Darren Anderson
Project Manager, Branham300 & Research Analyst
Branham Group
613-745-2282 Ext. 122
[email protected]