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PRESS RELEASES - Blackline GPS Corp. Grant Stock Options
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES
Calgary, AB – July 29, 2009. Blackline GPS Corp. (TSXV: BLN) ("Blackline"
or the "Company") is pleased to announce that it has granted
stock options to acquire up to 350,000 common shares of the
Company to Martin Thall in connection with his appointment to
the board of directors on July 21, 2009. For further
information, please refer to the Company's press release issued
July 21, 2009 available on www.sedar.com. The options have an
exercise price of $0.20 per common share and expire on July 28,
2014. All of the options vest immediately.
Blackline has determined that exemptions from the various
requirements of the TSX Venture Exchange Policy 5.9 are
available for the grant of options.
About Blackline GPS, Corp.
Blackline GPS Corp. is a communication
technology manufacturer of security, tracking & monitoring
devices for automotive, commercial and industry safety and
family use. Blackline GPS sells its products under its own brand
name and through a mutually exclusive licensing arrangement with
Escort Inc., the world's leading technology company in
automotive radar and laser detection instruments (www.escortinc.com).
Blackline GPS also provides monitoring services for their
manufactured products under partnership with Reliance Protectron,
the 5th largest security company in North America.
A copy of this news release will be available at
www.sedar.com
Certain statements included in this
presentation may be considered forward-looking. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements, and
therefore these statements should not be taken as guarantees of
future performance or results. Forward-looking statements are
subject to numerous risks and uncertainties, certain of which
are beyond Blackline's control, including: the impact of general
economic conditions, industry conditions, increased competition,
the lack of availability of qualified personnel or management,
fluctuations in foreign exchange or interest rates and stock
market volatility. The forward-looking statements contained in
this news release are made as at the date of this news release
and Blackline does not undertake any obligation to update
publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable
securities laws.
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.
