TMX group

RMS Announces Option Grants and Updates Total Shares Outstanding

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Calgary, Alberta CANADA, October 12, 2011 /FSC/ - RMS Systems Inc.  (RMS - TSX Venture), announces that two of its officers have been granted Options to acquire Common Shares as follows:

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Name and Title      Number of Options       Date of Grant          Option
of Optionholder     to Acquire Shares                            Exercise
                              Granted                               Price
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Denny Chow,                   133,333  September 21, 2011           $0.74
CFO and VP Finance
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Dave Venier,                  133,333  September 21, 2011           $0.74
Vice President
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TOTAL                         266,666
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All of the Options granted vest one third on each of the first, second, and third anniversary date of the grant thereof and are subject to the terms of the Company's Option Plan.

In addition, the Company announces that individuals previously granted 953,333 Options to acquire Common Shares have elected to exercise the Options held by them. The total proceeds from the exercise of these Options was in the amount of $199,367 and a total of 953,333 common shares were issued. Included in the number of exercised options was the exercise by Dave Venier and Denny Chow (Officers of the Company) each of whom exercised a total of 133,333 Options to acquire Common Shares.

In addition the company advises that it has received Notices of Conversion for a total of $1,686,968 (principal and interest) of the Convertible Debentures previously issued on October 15, 2010 and having a Conversion Price of $0.30 per common share. As a result of these conversions a total of 5,623,227 RMS Common Shares will be issued. Following these conversions of the Convertible Debentures, all of the Company's Convertible Debentures have been extinguished.

Including the above referenced exercises of Stock Options and the Debenture Conversions referred to above, RMS now has a total of 49,429,737 Common Shares issued and outstanding, has granted Options to acquire a total of 3,688,333 Common Shares, and has granted Warrants to acquire a total of 757,750 Common Shares.


The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Dave Hall
RMS SYSTEMS INC.
Bay 10, 3419 12th Street NE
Calgary, Alberta T2E 6S6
Tel: (403) 717 9694


Cautionary Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. These risks include, but are not limited to a reduction in drilling activity in the United States and/or Canada. Certain information, including rig count data, is based upon third party information. RMS has not independently verified this data. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although RMS Systems Inc. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. The nature of the agreements that RMS maintains with its industry partners provides that these agreements are, for the most part, terminable without notice and without penalty. In addition, these agreements provide that revenue is earned only while the drilling rig is in operation. As a result, RMS's revenues are impacted significantly by a reduction in drilling activity by its customers and the RMS expectations may be impacted significantly in the event a customer changes its drilling plans or otherwise terminates its relationship with RMS. RMS revenues are also significantly impacted by weather which on occasion limits drilling activities. RMS Systems Inc. disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise, except as required pursuant to applicable securities laws.


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http://www.usetdas.com/pr/rmssystems10122011.htm



Source: RMS Systems Inc.  (RMS - TSX-V)
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