BSM Technologies Inc. Announces Intention To Proceed With Normal Course Issuer Bid

BSM Technologies Inc. announces its intention to proceed with a Normal Course Issuer Bid. Subject to regulatory approval, the Company proposes to repurchase up to an aggregate of 29,325,611 common shares during the 12 month period (Bid Period) commencing March 20, 2012 and ending March 20, 2013. The Corporation shall make available a maximum of $500,000 to fund the repurchase of common shares during the Bid Period. The Company will determine the number of common shares to be repurchased and the timing of such purchases subject to the normal course issuer bid policy of the TSX Venture Exchange. All common shares repurchased by the Company during the Bid Period will be cancelled. The Company has not purchased any of its common shares during the preceding 12 months pursuant to a normal course issuer bid.