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Blackline GPS Corp. (TSX VENTURE:BLN) ("Blackline" or "Company") is pleased to announce that it has entered into an agreement with one of the world's largest mobile operators. Under this new carrier agreement, Blackline will gain unhindered access to cost effective cellular data worldwide.
Blackline manufactures products that connect through these cellular networks, allowing customers to consume network services by subscribing to a service plan offered by the Company. The new carrier contract provides the Company an extended reach to addressable markets where demand for products can now be served.
Company President, Clark Swanson said, "This agreement represents a significant milestone for Blackline. While providing the same quality services to North American customers, our products will now be capable of filling an international pipeline. There is also additional value to our customer base domestically in that we can now seamlessly address the needs of any multinational operations they may have".
Under the terms of the agreement, the communications carrier will provide strategic support for Blackline expansion and facilitate international access to markets, leveraging a consistent and standardized platform. The Company anticipates utilizing these global network operations this year following completion of network integration between Blackline and the mobile operator.
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.
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