Monday, June 01, 2009 11:27:11 PM
Amazing move today,i think we are going to see more momentum in the days ahead JMHO.
NVSR 0.0070 /0.0077 up 170% on a record volume 22,918,777
Interesting days ahead imho
Today's News:
Monday, June 01 2009 8:31 AM, EST
NavStar Technologies, Inc. Signs LOI for Distribution Into Japan
Market Wire "US Press Releases "
ANAHEIM, CA -- (MARKET WIRE) -- 06/01/09 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR) announced today it will be partnering with Haengbok Cha to provide asset tracking equipment to Japan . The partnership will include providing equipment, software and related services. The initial focus will be on the NavStar Fleet Management System and will allow owners of commercial and private vehicles to track and monitor the location of their equipment and high value cargo. Service can be as simple as shutting a vehicle down if stolen to providing customized detailed productivity reports. The agreement for hardware and services is expected to generate $2 million in revenue in the first 12 months.
"With the NavStar Fleet Management System, we get a proven product and reliable service. There is a huge opportunity in Japan as market research report 'GPS Market Update' published by RNCOS concludes that Japan has emerged as the leader in purchase of GPS systems with penetration of 44%, followed by the US and European Union . The bulk of these purchasers are eager to make their vehicles an intelligent-transportation system," said Haengbor Cha.
"We are pleased to announce the signing of this distribution LOI with Haengbok Cha and are looking forward to more in depth discussions on exclusivity, a possible joint venture and a direct investment in NavStar . Mr. Cha has extensive distribution capacities and contacts in Japan that would take us years to duplicate. We will focus our initial distribution efforts with Mr. Cha in Japan and have agreed to jointly review other opportunities in the Far East," said N. Douglas Pritt , Chairman & CEO, NavStar Technologies, Inc. "This agreement requires the purchase of a minimum of 10,000 units every 12 months."
About NavStar Technologies, Inc.
NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.
CONTACT: NavStar Technologies, Inc. Patrick Bannister 714-502-6900 Email Contact
News on April 27 2009:
NavStar Shareholder Update
Market Wire "US Press Releases "
ANAHEIM, CA -- (MARKET WIRE) -- 04/27/09 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a GPS navigation company focused on vehicle, equipment, and people/pet tracking, is pleased to provide its shareholders a letter from N. Douglas Pritt, NavStar's Chairman & CEO.
Dear Shareholders,
As many of you are aware, we continue to make significant progress on the customer front and have signed several distribution partners to represent NavStar in various countries. The typical sales cycle for us is:
Sales lead Confirm Interest, validate opportunity and access scope LOI Distribution Agreement Field Trial Technology issues (wireless interface, software customization) Secure PO
This process takes time and the speed that we proceed through it is lengthened by the current economic climate. Customers are slower to initial purchase orders and investors are extremely cautious with their investment dollars. Every announcement we have made is a valid customer opportunity.
To give you a snap shot of customer status, I have prepared the following table:
Revenue Customer Country Potential Timeframe Status ----------- ----------- ----------- ----------- ----------- Fixed Group Ecuador $ 3.0M 12 months Secure PO GF&T Mexico $ 15.0M 36 months Distribution Agreement NavMex Mexico $ 1.0M 12 months Secure PO Diamante Mexico $ 2.0M 24 months Secure PO Intellisol Columbia/Peru $ 2.0M 24 months Secure PO
We continue to look for a software company to acquire and will either make an acquisition or complete our internal software/services development. The driving factors will be speed to market and lowest cost.
We are working on several additional customer opportunities that will be announced in the next 30 days.
We are as anxious as you are to report real revenue and to see the stock price reflect the true value of our company. I expect the revenue in 2009 to be between $2.0 and $5.0M .
NVSR 6 Months Chart:
NVSR 1 Year Chart
NVSR First Alert on IHUB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38284069
Good luck to all
WT
NVSR 0.0070 /0.0077 up 170% on a record volume 22,918,777
Interesting days ahead imho
Today's News:
Monday, June 01 2009 8:31 AM, EST
NavStar Technologies, Inc. Signs LOI for Distribution Into Japan
Market Wire "US Press Releases "
ANAHEIM, CA -- (MARKET WIRE) -- 06/01/09 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR) announced today it will be partnering with Haengbok Cha to provide asset tracking equipment to Japan . The partnership will include providing equipment, software and related services. The initial focus will be on the NavStar Fleet Management System and will allow owners of commercial and private vehicles to track and monitor the location of their equipment and high value cargo. Service can be as simple as shutting a vehicle down if stolen to providing customized detailed productivity reports. The agreement for hardware and services is expected to generate $2 million in revenue in the first 12 months.
"With the NavStar Fleet Management System, we get a proven product and reliable service. There is a huge opportunity in Japan as market research report 'GPS Market Update' published by RNCOS concludes that Japan has emerged as the leader in purchase of GPS systems with penetration of 44%, followed by the US and European Union . The bulk of these purchasers are eager to make their vehicles an intelligent-transportation system," said Haengbor Cha.
"We are pleased to announce the signing of this distribution LOI with Haengbok Cha and are looking forward to more in depth discussions on exclusivity, a possible joint venture and a direct investment in NavStar . Mr. Cha has extensive distribution capacities and contacts in Japan that would take us years to duplicate. We will focus our initial distribution efforts with Mr. Cha in Japan and have agreed to jointly review other opportunities in the Far East," said N. Douglas Pritt , Chairman & CEO, NavStar Technologies, Inc. "This agreement requires the purchase of a minimum of 10,000 units every 12 months."
About NavStar Technologies, Inc.
NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.
CONTACT: NavStar Technologies, Inc. Patrick Bannister 714-502-6900 Email Contact
News on April 27 2009:
NavStar Shareholder Update
Market Wire "US Press Releases "
ANAHEIM, CA -- (MARKET WIRE) -- 04/27/09 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a GPS navigation company focused on vehicle, equipment, and people/pet tracking, is pleased to provide its shareholders a letter from N. Douglas Pritt, NavStar's Chairman & CEO.
Dear Shareholders,
As many of you are aware, we continue to make significant progress on the customer front and have signed several distribution partners to represent NavStar in various countries. The typical sales cycle for us is:
Sales lead Confirm Interest, validate opportunity and access scope LOI Distribution Agreement Field Trial Technology issues (wireless interface, software customization) Secure PO
This process takes time and the speed that we proceed through it is lengthened by the current economic climate. Customers are slower to initial purchase orders and investors are extremely cautious with their investment dollars. Every announcement we have made is a valid customer opportunity.
To give you a snap shot of customer status, I have prepared the following table:
Revenue Customer Country Potential Timeframe Status ----------- ----------- ----------- ----------- ----------- Fixed Group Ecuador $ 3.0M 12 months Secure PO GF&T Mexico $ 15.0M 36 months Distribution Agreement NavMex Mexico $ 1.0M 12 months Secure PO Diamante Mexico $ 2.0M 24 months Secure PO Intellisol Columbia/Peru $ 2.0M 24 months Secure PO
We continue to look for a software company to acquire and will either make an acquisition or complete our internal software/services development. The driving factors will be speed to market and lowest cost.
We are working on several additional customer opportunities that will be announced in the next 30 days.
We are as anxious as you are to report real revenue and to see the stock price reflect the true value of our company. I expect the revenue in 2009 to be between $2.0 and $5.0M .
NVSR 6 Months Chart:
NVSR 1 Year Chart
NVSR First Alert on IHUB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38284069
Good luck to all
WT
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