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Mick, did the e-meil change?
good point
funny how people only flock to the boards after it breaks out
relax boys, I received the e-mail 3 times today...the same one
NMKT good tome, nwau and ypil good oportunity
heard anything lately?
3 to watch GCCP , NMKT , NWAU
Chinese President on TV With AIDS Patients
Nov 30, 2004
By AUDRA ANG, Associated Press Writer
BEIJING - Chinese President Hu Jintao was shown on state television Tuesday smiling and shaking hands with AIDS (news - web sites) patients, a first for China and signaling a new level of official recognition of the threat the virus poses to the world's most populous country.
The broadcast coincided with the Chinese Cabinet's AIDS commission releasing a joint report with the United Nations (news - web sites) warning that the disease is spreading in China from high-risk groups such as drug users to the general population.
The U.N. AIDS agency says the number of infected people in China could rise tenfold to 10 million by 2010, from an estimated 840,000 HIV (news - web sites)-infected people today, if no urgent action is taken.
In recent years, the Chinese government has launched efforts to control the virus after years of denying it was a problem.
State television showed Hu smiling and wearing a red AIDS ribbon as he met and chatted with an unidentified male patient at Beijing's You'an Hospital. "When did you contract the disease?" he asked. "How many people are in your family?" "How are your children?"
"The party and the government are all concerned about you," Hu added. "I hope you will have confidence in your treatment by cooperating with the hospital and trying to have an early recovery."
It was the first time China's president was shown meeting AIDS patients, part of a government campaign to show it cares. Premier Wen Jiabao set the new tone in December 2003, when he was photographed shaking hands with Chinese stricken with the disease.
The new joint U.N.-China report, however, warned that the epidemic is spreading quickly.
"The transmission of HIV is still on the rise," said Dr. Christian Voumard, the chairman of the U.N. Theme Group on HIV/AIDS. He cited a higher number of women contracting the virus and a larger proportion of transmissions through sex.
In April, health officials began offering a free AIDS test to anyone who wants one and free treatment for the poor. Health officials are also now encouraging pregnant women to be tested.
In some parts of China, the report noted, as many as 5 percent of pregnant women are infected.
Large numbers of cases have been found in the provinces of Yunnan in the southwest and Henan in central China, as well as in the northwestern desert region of Xinjiang, according to the report. That might partly a result of more screening of blood and plasma donors, the report said.
The stepped-up precautions among donors is a welcome change.
Some parts of Henan have the world's highest rates of infection after an unsanitary blood-buying industry in the 1990s spread the virus among donors.
yes, GCCP
Transportation Logistics
http://www.advancedmedicaldiagnostics.com/
OTC BB soon to change name to GLOBAL CONCEPTS
SYMBOL IS GCCP
Chinese President on TV With AIDS Patients
1 hour, 54 minutes ago Health - AP
By AUDRA ANG, Associated Press Writer
BEIJING - Chinese President Hu Jintao was shown on state television Tuesday smiling and shaking hands with AIDS (news - web sites) patients, a first for China and signaling a new level of official recognition of the threat the virus poses to the world's most populous country.
AP Photo
Reuters
Slideshow: HIV/AIDS
Yahoo! Health
Have questions about your health?
Find answers here.
The broadcast coincided with the Chinese Cabinet's AIDS commission releasing a joint report with the United Nations (news - web sites) warning that the disease is spreading in China from high-risk groups such as drug users to the general population.
The U.N. AIDS agency says the number of infected people in China could rise tenfold to 10 million by 2010, from an estimated 840,000 HIV (news - web sites)-infected people today, if no urgent action is taken.
In recent years, the Chinese government has launched efforts to control the virus after years of denying it was a problem.
State television showed Hu smiling and wearing a red AIDS ribbon as he met and chatted with an unidentified male patient at Beijing's You'an Hospital. "When did you contract the disease?" he asked. "How many people are in your family?" "How are your children?"
"The party and the government are all concerned about you," Hu added. "I hope you will have confidence in your treatment by cooperating with the hospital and trying to have an early recovery."
It was the first time China's president was shown meeting AIDS patients, part of a government campaign to show it cares. Premier Wen Jiabao set the new tone in December 2003, when he was photographed shaking hands with Chinese stricken with the disease.
The new joint U.N.-China report, however, warned that the epidemic is spreading quickly.
"The transmission of HIV is still on the rise," said Dr. Christian Voumard, the chairman of the U.N. Theme Group on HIV/AIDS. He cited a higher number of women contracting the virus and a larger proportion of transmissions through sex.
In April, health officials began offering a free AIDS test to anyone who wants one and free treatment for the poor. Health officials are also now encouraging pregnant women to be tested.
In some parts of China, the report noted, as many as 5 percent of pregnant women are infected.
Large numbers of cases have been found in the provinces of Yunnan in the southwest and Henan in central China, as well as in the northwestern desert region of Xinjiang, according to the report. That might partly a result of more screening of blood and plasma donors, the report said.
The stepped-up precautions among donors is a welcome change.
Some parts of Henan have the world's highest rates of infection after an unsanitary blood-buying industry in the 1990s spread the virus among donors.
NowAuto, Inc. Begins Marketing Blitz Against the Competition - November 30, 2004
More News Email Print
• New Car Price Quote
• Used Car Price Search
• Auto Loan Price Quote
PHOENIX, Nov. 30 /PRNewswire-FirstCall/ -- NowAuto, Inc. has begun its marketing blitz to grab market share from its competition for NowAuto's popular no credit check auto financing. NowAuto has taken out half-page and full-page ads in popular car dealer publications. The company has launched an innovative affiliate program for car dealers that cannot get a customer approved. NowAuto has filmed two versions of a new television commercial that debuts this week on popular cable programs. The company has been aggressively marketing the online dealership http://www.nowauto.com/. NowAuto.com is marketed online with Yahoo, MSN, Google, Ask Jeeves, and other popular search engines. NowAuto was also accepted as advertiser in the 2005 Official NASCAR Preview and Press Guide.
"NowAuto is one of the first auto dealerships to offer no credit check auto financing and everyone is about to know it," said Scott Miller, CEO of NowAuto, Inc. "With proof of income, utility bill, valid driver's license, and five personal references, we can approve anyone," Miller continued. "Our sub-prime credit program is better than the competition and I intend to out-market them," said Miller.
Last week, Scott Miller, CEO/President of NowAuto, Inc. raised previous guidance for 2005. NowAuto expects to earn net income in excess of $3,000,000 or 30 cents per share in 2005. The Company is projecting revenue for fiscal 2005 of approximately $10,000,000. NowAuto anticipates filing its Form-10 to become a fully reporting company this quarter. Once fully reporting, the Company plans to move off the Pink Sheet Markets.
NowAuto has three unique and complementary sources of revenue broken down as follows:
1. Navicom, a subsidiary of NowAuto, has cutting-edge GPS technology that
covers 98% of the United States, Mexico, and Canada. The unique
Navicom technology assists in vehicle location and control. Navicom
allows the subscriber to access the vehicle location via the Internet
and monitor location, speed, and maintenance requirements. The
technology also has disabling capabilities, which stop a
Navicom-equipped vehicle from starting.
2. NowAuto owns used vehicle dealerships. These dealerships are targeted
at buyers with sub prime credit to finance a vehicle with no credit
check. Using Navicom's technology the Company can shut down the car
if payments are not received. NowAuto sells its automobiles for an
average of $7,000 with healthy profit margins. The new TV commercial
can be viewed at http://www.nowauto.net/ by clicking the link at the
top of the website.
3. NowAuto finances the vehicles it sells. Automobiles will be financed
to sub prime credit borrowers at a rate of 29.99%. By the end of 2005
NowAuto expects to have $10 million in loans receiving 29.99%
interest. This represents annualized finance revenue of nearly
$2,400,000 after down payment. The Company expects its number of
loans to more than double in 2006 through internal growth and
acquisitions.
For more information about NowAuto, Inc. please contact Scott Miller at SMiller@NOWAUTO.com.
Corporate website http://www.nowauto.net/
Vehicle Dealer Website http://www.nowauto.com/
Spanish Version Dealer http://www.pezgordo.com/
Navicom GPS http://www.nowgps.com
NWAU and NMKT sure are making me happy.
been watching dfts for a while now
nope....shorts are at it for months
spanish web site nwau
Corporate website http://www.NowAuto.net
Vehicle Dealer Website http://www.nowauto.com
Spanish Version Dealer http://www.PezGordo.com
Navicom GPS http://www.NOWGPS.com
I've been watching this baby. Is it generating any kind
of revenue. And how many shares are outstanding now?
also another one with that kind of a target ,
NWAU.pk
http://www.spacedaily.com/news/gps-04zzzzj.html
with 8m o/s , I sure hope so
week end...linkage
http://www.spacedaily.com/news/gps-04zzzzj.html
EZTO ? how many shares are out on that one now?
NWAU creeping up
cndd, who's buying that pos
SHGY and NWAU being good
good so far
GALB & NWAU to watch
what link did you try?
Don't know.We'll see when it gets off the pinks.
indicators SWEEEEET on NWAU !!!!!
I'll have to study this one,you don't think they'll
needs funds. I noticed the authorized shares are at
100 000 000
why did this thing go to pennies?
bush bill...you keep saying chrt looks good.
MDGN after hours letter - SHAREHOLDER LETTER
November 23, 2004
As you know, the last several months have been difficult. However, I am a firm believer that tough times bring out the best in people. Juggling my time between the legal problems and the promotion of our products left precious little time for anything else. During all of this I have done my very best to be communicative and straightforward with everyone. I know that some of you have appreciated the effort, to those who have not – You just cannot please everyone!
When weighing the facts- what is best for the company and what is best for the shareholders- the resolve of whether it is best to file for a re-organization under Chapter 11, and thus wipe out the Judgment and at the same time all the Shareholders, or attempt a settlement is an emotional journey I wish on no one. We have made the decision to settle, thus saving our thousand or so shareholders from losing their entire investment in our company. This decision by our Board is based upon solid and fundamental practice, honed over a collective 100 years in business, not the least of which is loyalty.
The Company is fundamentally sound. Our products, Snorenz® and Good Night’s Sleep®, are outstanding and well accepted in its market. Expanding the markets with heavy doses of advertising is a function of capital and we believe the settlement of the legal problem will bring in more investment opportunities. On the Public side, we believe that our Shareholders will show their appreciation and increase their positions. Those investors that have been sitting on the sidelines will now have a great opportunity to buy in at excellent prices, pushing the stock up. In all, an increased share price will help us bring in the capital resources necessary to catapult revenues, turn profits and increase the value of our company.
Then of course, there are new products that are almost out of R&D and ready for market. In private meetings with our largest accounts, we have received solid marks on these new products. Again, funding for these products should be readily available once the company rids itself of its external legal problems.
Taking all of these facts into consideration, we have decided an excellent negotiated settlement is the right path to take, requiring little cash, spreading it out over 4 months, plus stock with voting rights proxied to the Board. Since the Plaintiffs and new shareholders will now be affiliates of the company, they will be regulated by law and their ability to sell their shares into the market will be severely limited (SEC Rule 144). In essence, there is a counter to the dilution of the new shares; the overall affect is positive and will sustain higher prices. Further, a major high profile brokerage firm will handle their shares and make a market in our stock; as a result, we will get the benefit from almost certain retail support.
While we cannot put out a News Release on the above transaction until all the documents are signed, we do want to advise everyone that has concerns regarding this matter and wish to avoid further speculation on anyone’s part as to our focus.
The collaborative velocity that has brought this together is testament to the ferocity by which we at Med Gen face our daily challenges. Our future course and company culture has been clearly defined in this letter…. There can be no mistake that we are showing our appreciation to our investors and supporters. While the ordeal of this legal matter is almost behind us, the daily task of building our company continues, both in the minds of the public and in our markets. There is much to do and we are up to the task.
Happy Holidays!
Paul B. Kravitz
Chairman/ Chief Executive Officer
SHAREHOLDER LETTER - settlement !!!!!!!!
November 23, 2004
As you know, the last several months have been difficult. However, I am a firm believer that tough times bring out the best in people. Juggling my time between the legal problems and the promotion of our products left precious little time for anything else. During all of this I have done my very best to be communicative and straightforward with everyone. I know that some of you have appreciated the effort, to those who have not – You just cannot please everyone!
When weighing the facts- what is best for the company and what is best for the shareholders- the resolve of whether it is best to file for a re-organization under Chapter 11, and thus wipe out the Judgment and at the same time all the Shareholders, or attempt a settlement is an emotional journey I wish on no one. We have made the decision to settle, thus saving our thousand or so shareholders from losing their entire investment in our company. This decision by our Board is based upon solid and fundamental practice, honed over a collective 100 years in business, not the least of which is loyalty.
The Company is fundamentally sound. Our products, Snorenz® and Good Night’s Sleep®, are outstanding and well accepted in its market. Expanding the markets with heavy doses of advertising is a function of capital and we believe the settlement of the legal problem will bring in more investment opportunities. On the Public side, we believe that our Shareholders will show their appreciation and increase their positions. Those investors that have been sitting on the sidelines will now have a great opportunity to buy in at excellent prices, pushing the stock up. In all, an increased share price will help us bring in the capital resources necessary to catapult revenues, turn profits and increase the value of our company.
Then of course, there are new products that are almost out of R&D and ready for market. In private meetings with our largest accounts, we have received solid marks on these new products. Again, funding for these products should be readily available once the company rids itself of its external legal problems.
Taking all of these facts into consideration, we have decided an excellent negotiated settlement is the right path to take, requiring little cash, spreading it out over 4 months, plus stock with voting rights proxied to the Board. Since the Plaintiffs and new shareholders will now be affiliates of the company, they will be regulated by law and their ability to sell their shares into the market will be severely limited (SEC Rule 144). In essence, there is a counter to the dilution of the new shares; the overall affect is positive and will sustain higher prices. Further, a major high profile brokerage firm will handle their shares and make a market in our stock; as a result, we will get the benefit from almost certain retail support.
While we cannot put out a News Release on the above transaction until all the documents are signed, we do want to advise everyone that has concerns regarding this matter and wish to avoid further speculation on anyone’s part as to our focus.
The collaborative velocity that has brought this together is testament to the ferocity by which we at Med Gen face our daily challenges. Our future course and company culture has been clearly defined in this letter…. There can be no mistake that we are showing our appreciation to our investors and supporters. While the ordeal of this legal matter is almost behind us, the daily task of building our company continues, both in the minds of the public and in our markets. There is much to do and we are up to the task.
Happy Holidays!
Paul B. Kravitz
Chairman/ Chief Executive Officer
forget it...timberrrrrr!!!!!!
IOCircuit Announces World Financial News Network Reiterates Report on NowAuto, Inc. WFNN Sees NowAuto Stock Moving Soon to $3.00 per Share in the Next Year
11/23/04
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued
by the IOCircuit.
LAKE HARMONY, PA, Nov. 23, 2004 (MARKET WIRE via COMTEX) --
The IOCircuit.com recommends NowAuto, Inc. The original WFNN report on NowAuto, Inc. (OTC: NWAU) came out on November 21st, 2004 and the stock has seen a 125% p
rice increase since the debut of the report. NowAuto stock traded record volume with over 2 million shares two consecutive days in a row last Thursday and Friday. NowAuto has recently raised guidance for 2005. NowAuto expects to earn net income in excess of $3,000,000 or 30 cents per share in 2005.
The past thirty days have been an exciting time for NowAuto, Inc. and WFNN still believes this is a good time to take a look at this company. There have been many important activities taking place that provide us with the confidence that NowAuto, Inc. will move forward with an excellent chance for success in the sub-prime finance, vehicle sales, and GPS technology markets.
NWAU acquired Navicom, Inc., maybe the most exciting company in the vehicle tracking market today. Navicom uses GPS technology to track vehicles 24/7. Navicom seems to get new orders and subscribers each day with a reoccurring revenue steam with monthly billing. Navicom is not nearly as limited as the competition; Navicom service covers 98% of North America, Canada and Mexico. And unlike the competitors, Navicom customers track their vehicles via the Internet, making it a user-friendly system available. Since NowAuto acquired the company they have increased the number of units in operation by almost 40%, and that's in just 30 days. Navicom could just be scratching the surface right now, and they expect tremendous things from Navicom.
NWAU acquired two buy-here-pay-here lots in the greater Phoenix area. The dealer lots have great exposure and have proved to be strong sellers. The intent is to double monthly sales within the next twelve months. The company has been remodeling the dealer lots to match the NowAuto corporate identity, began sales training procedures, established additional wholesaler relationships, added new product lines and initiated new web sites.
NWAU is building a management team and Board of Directors that reflects the "Building Shareholder Value" approach. The board members have over 70 years combined experience in the auto industry. The management team has considerable operating and finance experience. They are shareholders and are dedicated to building the value for their investment.
Navicom's goal is to become one of the market leaders in the transportation safety and security industry. NowAuto, Inc. believes it has a powerful GPS tool that currently has over 1,500 units currently in service. Navicom has the ability to locate any truck in 98% of the U.S., Canada, and Mexico that carries the locator. Additional features also include a panic button that can immediately notify dispatch via fax, phone, email, or text messaging. Navicom can disable a truck from starting through the Internet with a click of the mouse in case of hijacking or theft. Navicom can also create a geographic fence to notify dispatch if a truck is somewhere it shouldn't be. The systems can also remotely send data logging and reporting. Navicom normally charges $399.99 for the unit then a recurring monthly fee. Navicom also produces a portable wireless GPS unit that can last 10 days on a battery. This unit is compact in size and can also report its location in 98% of the U.S., Canada, and Mexico. Navicom believes it is one of the only companies offering a GPS product with such a long battery life. The portable unit can easily fit in a glove compartment or under the seat to stay hidden from view. Unlike competitor companies with limited range and functionality, Navicom works almost anywhere and can be immediately accessed through the Internet without a police report, which some GPS companies require. The company can monitor trucks anytime simply by accessing the company's account online.
WFNN sees the stock moving to $3.00 per share in the next year and earning guidance of .30 per share by the company.
Other active stocks are Dynamic Materials Corp (NASDAQ: BOOM), Taser International Inc. (NASDAQ: TASR) and Creative Technology Ltd (NASDAQ: CREAF).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. IOCircuit.com accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid IOCircuit.com $570.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. IOCircuit.com has no ownership of equity and no representation of accuracy in the above company and our reports are designed to communicate company announcements through our Press Release Service.
Contact: C.P. Barry Company: http://www.IOCircuit.com Phone: 1.888.478.7669 / 570.443.0539
SOURCE: IOCircuit
Copyright 2004 Market Wire, All rights reserved.
© 2004 Stockgroup Media Inc. / Disclaimer
IOCircuit Announces World Financial News Network Reiterates Report on NowAuto, Inc. WFNN Sees NowAuto Stock Moving Soon to $3.00 per Share in the Next Year
11/23/04
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued
by the IOCircuit.
LAKE HARMONY, PA, Nov. 23, 2004 (MARKET WIRE via COMTEX) --
The IOCircuit.com recommends NowAuto, Inc. The original WFNN report on NowAuto, Inc. (OTC: NWAU) came out on November 21st, 2004 and the stock has seen a 125% p
rice increase since the debut of the report. NowAuto stock traded record volume with over 2 million shares two consecutive days in a row last Thursday and Friday. NowAuto has recently raised guidance for 2005. NowAuto expects to earn net income in excess of $3,000,000 or 30 cents per share in 2005.
The past thirty days have been an exciting time for NowAuto, Inc. and WFNN still believes this is a good time to take a look at this company. There have been many important activities taking place that provide us with the confidence that NowAuto, Inc. will move forward with an excellent chance for success in the sub-prime finance, vehicle sales, and GPS technology markets.
NWAU acquired Navicom, Inc., maybe the most exciting company in the vehicle tracking market today. Navicom uses GPS technology to track vehicles 24/7. Navicom seems to get new orders and subscribers each day with a reoccurring revenue steam with monthly billing. Navicom is not nearly as limited as the competition; Navicom service covers 98% of North America, Canada and Mexico. And unlike the competitors, Navicom customers track their vehicles via the Internet, making it a user-friendly system available. Since NowAuto acquired the company they have increased the number of units in operation by almost 40%, and that's in just 30 days. Navicom could just be scratching the surface right now, and they expect tremendous things from Navicom.
NWAU acquired two buy-here-pay-here lots in the greater Phoenix area. The dealer lots have great exposure and have proved to be strong sellers. The intent is to double monthly sales within the next twelve months. The company has been remodeling the dealer lots to match the NowAuto corporate identity, began sales training procedures, established additional wholesaler relationships, added new product lines and initiated new web sites.
NWAU is building a management team and Board of Directors that reflects the "Building Shareholder Value" approach. The board members have over 70 years combined experience in the auto industry. The management team has considerable operating and finance experience. They are shareholders and are dedicated to building the value for their investment.
Navicom's goal is to become one of the market leaders in the transportation safety and security industry. NowAuto, Inc. believes it has a powerful GPS tool that currently has over 1,500 units currently in service. Navicom has the ability to locate any truck in 98% of the U.S., Canada, and Mexico that carries the locator. Additional features also include a panic button that can immediately notify dispatch via fax, phone, email, or text messaging. Navicom can disable a truck from starting through the Internet with a click of the mouse in case of hijacking or theft. Navicom can also create a geographic fence to notify dispatch if a truck is somewhere it shouldn't be. The systems can also remotely send data logging and reporting. Navicom normally charges $399.99 for the unit then a recurring monthly fee. Navicom also produces a portable wireless GPS unit that can last 10 days on a battery. This unit is compact in size and can also report its location in 98% of the U.S., Canada, and Mexico. Navicom believes it is one of the only companies offering a GPS product with such a long battery life. The portable unit can easily fit in a glove compartment or under the seat to stay hidden from view. Unlike competitor companies with limited range and functionality, Navicom works almost anywhere and can be immediately accessed through the Internet without a police report, which some GPS companies require. The company can monitor trucks anytime simply by accessing the company's account online.
WFNN sees the stock moving to $3.00 per share in the next year and earning guidance of .30 per share by the company.
Other active stocks are Dynamic Materials Corp (NASDAQ: BOOM), Taser International Inc. (NASDAQ: TASR) and Creative Technology Ltd (NASDAQ: CREAF).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. IOCircuit.com accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid IOCircuit.com $570.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. IOCircuit.com has no ownership of equity and no representation of accuracy in the above company and our reports are designed to communicate company announcements through our Press Release Service.
Contact: C.P. Barry Company: http://www.IOCircuit.com Phone: 1.888.478.7669 / 570.443.0539
SOURCE: IOCircuit
Copyright 2004 Market Wire, All rights reserved.
© 2004 Stockgroup Media Inc. / Disclaimer
IOC. NWAU $3 target. IOCircuit Announces World Financial News Network Reiterates Report on NowAuto, Inc. WFNN Sees NowAuto Stock Moving Soon to $3.00 per Share in the Next Year
11/23/04
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued
by the IOCircuit.
LAKE HARMONY, PA, Nov. 23, 2004 (MARKET WIRE via COMTEX) --
The IOCircuit.com recommends NowAuto, Inc. The original WFNN report on NowAuto, Inc. (OTC: NWAU) came out on November 21st, 2004 and the stock has seen a 125% p
rice increase since the debut of the report. NowAuto stock traded record volume with over 2 million shares two consecutive days in a row last Thursday and Friday. NowAuto has recently raised guidance for 2005. NowAuto expects to earn net income in excess of $3,000,000 or 30 cents per share in 2005.
The past thirty days have been an exciting time for NowAuto, Inc. and WFNN still believes this is a good time to take a look at this company. There have been many important activities taking place that provide us with the confidence that NowAuto, Inc. will move forward with an excellent chance for success in the sub-prime finance, vehicle sales, and GPS technology markets.
NWAU acquired Navicom, Inc., maybe the most exciting company in the vehicle tracking market today. Navicom uses GPS technology to track vehicles 24/7. Navicom seems to get new orders and subscribers each day with a reoccurring revenue steam with monthly billing. Navicom is not nearly as limited as the competition; Navicom service covers 98% of North America, Canada and Mexico. And unlike the competitors, Navicom customers track their vehicles via the Internet, making it a user-friendly system available. Since NowAuto acquired the company they have increased the number of units in operation by almost 40%, and that's in just 30 days. Navicom could just be scratching the surface right now, and they expect tremendous things from Navicom.
NWAU acquired two buy-here-pay-here lots in the greater Phoenix area. The dealer lots have great exposure and have proved to be strong sellers. The intent is to double monthly sales within the next twelve months. The company has been remodeling the dealer lots to match the NowAuto corporate identity, began sales training procedures, established additional wholesaler relationships, added new product lines and initiated new web sites.
NWAU is building a management team and Board of Directors that reflects the "Building Shareholder Value" approach. The board members have over 70 years combined experience in the auto industry. The management team has considerable operating and finance experience. They are shareholders and are dedicated to building the value for their investment.
Navicom's goal is to become one of the market leaders in the transportation safety and security industry. NowAuto, Inc. believes it has a powerful GPS tool that currently has over 1,500 units currently in service. Navicom has the ability to locate any truck in 98% of the U.S., Canada, and Mexico that carries the locator. Additional features also include a panic button that can immediately notify dispatch via fax, phone, email, or text messaging. Navicom can disable a truck from starting through the Internet with a click of the mouse in case of hijacking or theft. Navicom can also create a geographic fence to notify dispatch if a truck is somewhere it shouldn't be. The systems can also remotely send data logging and reporting. Navicom normally charges $399.99 for the unit then a recurring monthly fee. Navicom also produces a portable wireless GPS unit that can last 10 days on a battery. This unit is compact in size and can also report its location in 98% of the U.S., Canada, and Mexico. Navicom believes it is one of the only companies offering a GPS product with such a long battery life. The portable unit can easily fit in a glove compartment or under the seat to stay hidden from view. Unlike competitor companies with limited range and functionality, Navicom works almost anywhere and can be immediately accessed through the Internet without a police report, which some GPS companies require. The company can monitor trucks anytime simply by accessing the company's account online.
WFNN sees the stock moving to $3.00 per share in the next year and earning guidance of .30 per share by the company.
Other active stocks are Dynamic Materials Corp (NASDAQ: BOOM), Taser International Inc. (NASDAQ: TASR) and Creative Technology Ltd (NASDAQ: CREAF).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. IOCircuit.com accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid IOCircuit.com $570.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. IOCircuit.com has no ownership of equity and no representation of accuracy in the above company and our reports are designed to communicate company announcements through our Press Release Service.
Contact: C.P. Barry Company: http://www.IOCircuit.com Phone: 1.888.478.7669 / 570.443.0539
SOURCE: IOCircuit
Copyright 2004 Market Wire, All rights reserved.
© 2004 Stockgroup Media Inc. / Disclaimer
part of the interview .....
...NowAuto.com is also a finance company, and they can do all of these things. They use the NaviCom GPS vehicle location and control system. With NaviCom NowAuto.com knows where the car is anytime they choose to. The company simply remotes communicates with the GPS NaviCom device on the customer's vehicle.
If the customer has not made his payment, the can can be remotely shut off. Think of it as a pre-paid phone card or a pre-paid credit card. Until you make your payment, you do not get to use your car. What if the customer decides to just "take off with the car" to another state. NaviCom is satellite based, and this presents no challenge to the NaviCom system. The vehicle is located just as fast.
Making The Repossession Process Simple
Many people do not realize that quick repossessions that happen efficiently and without a major search are highly profitable for a car dealership. NaviCom takes most of the risk out of the repossession process. For example, let's say a customer just decides not to pay. Maybe he pays a few months very late, and makes collection efforts a real pain for the finance company. Finally he is late again. NowAuto.com can make the decision to repossess the car. Once they make this decision they may wait until the car is located in an easy to find area. Perhaps his job location is a better choice for repossession than is his home location. What NowAuto.com does is key in his work address, and they are instantly notified when the car has arrived at that address. They now permanently shut the car down and go to the address to repossess the car. Repossession in this case is a simple process of going and picking the car up.
How Can The Repossession Process Be Profitable?
Let's look at the math. The typical wholesale price of a used car sold by the company is $5000. They typically sell these for $10,000. They typically charge 29.9% interest. If NowAuto.com repossess a car, and the client wants the car back, that client pays a substantial fee. If that client does not want the car back, or cannot afford it, the car comes back at an even lower cost basis. This increases the profit on the next sale of the car.
What Really Happens?
The end result of NaviCom is a more profitable car company. What really happens is that the customer of the car dealership just decides to pay because he knows he will be quickly with a disabled car if he does not. This is the core business model of NowAuto.com. Just as in the mathematical example shown above, just doing the business pays off.
Since the company has the ability to finance many people that could not dream of being financed elsewhere, they are referred business from many other car companies. The would-be-competitors who just cannot get these people financed know that NowAuto.com can finance them. NowAuto.com even pays the person at the referring company a referral fee.
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