BSM Announces Convertible Debenture Financing

Mississauga, Ontario, CANADA, June 10, 2008 – BSM Technologies Inc.,
(“BSM” or the “Company”), (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions,
proposes to issue a minimum of $1,000,000 and up to $3,100,000 in convertible debentures and amend the terms of $800,000 of the $1,300,000 outstanding debentures.

BSM Announces Convertable Debenture Financing