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NVSR NavStar Technologies, Inc. Narrows Search for Software Company
Acquisition ( Market Wire )
B: NavStar Technologies, Inc. Narrows Search for Software Company Acquisition (
Market Wire )

ANAHEIM, CA, Jul 21, 2009 (MARKETWIRE via COMTEX) --
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm
focused on developing and commercializing asset tracking and
monitoring devices for vehicles and high value cargo with specific
geographic focus in Latin America, today announces that their efforts
to acquire an annuity-based services/software company has been
narrowed down to two companies.

N. Douglas Pritt, Chairman and CEO, confirmed that negotiations are
underway with the final two candidates and that a Letter of Intent
will be announced in the next two weeks.

NavStar also re-affirmed guidance regarding its expected financial
performance over the next 5 years. The successful achievement of
these financial objectives assumes the company's procurement of up to
$2.0 million of funding in the 3rd quarter of this year and the
completion of the services/software company. The summary financial
income statement
follows:
Year ($M) 2009 2010 2011 2012 2013
--------- ---- ---- ---- ---- ----
Revenue 2.2 17.2 26.4 35.3 46.9
COG 1.2 9.3 15.1 20.5 27.1
Gross Profit 1.0 7.9 11.3 14.8 19.8
SG&A 1.5 3.7 5.3 6.9 8.6
EBITDA (.5) 4.2 6.0 7.9 11.3

Based on the additional service revenue which will accrete to the
base financial model, this acquisition should allow NavStar to
galvanize additive revenue which will reoccur year to year based on
the deployment of the asset tracking devices through customers in
Latin America. Several Latin American customers/governments have
already indicated under binding Letters of Intent a desire to acquire
the company's products.

N. Douglas Pritt, Chairman and CEO, said, "In addition to the
reoccurring monthly service revenue which we will realized from this
acquisition, we will also be in a position to respond quickly to
customers' request for quotes (RFQ) and offer customized solutions
that competitors will have difficulty matching."

For further information about NavStar Technologies Inc. visit the
company's website at www.navstarinc.com.

FORWARD-LOOKING STATEMENT

This press release contains forward-looking statements within the
meaning of U.S. federal securities laws, that involve known and
unknown risks and uncertainties that may cause actual results to
differ materially from those expressed or implied in this press
release.

About NavStar Technologies, Inc.

NavStar is focused on the creation of products and services that
provide tracking and monitoring of vehicles and high value cargo,
equipment, and other valuable and personal assets.
CONTACT:
NavStar Technologies, Inc.
Patrick Bannister
714-502-6900
Email Contact

SOURCE: NavStar Technologies, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=AAABAC20D3E3415E
Copyright 2009 Marketwire, Inc., All rights reserved.
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