ANYT News.
ANAHEIM, CA--(Marketwire - 08/06/09) - NavStar Technologies, Inc. (Pinksheets:NVSR - News), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, announced today the completion of a distribution agreement to sell products and services to the trucking industry in the U.S.
NavStar announced earlier this week that they would partner with Anything Trucker, a transportation marketing unit of Anything Brands Online, Inc (Pinksheets:ANYT - News). A distribution agreement has been signed. Both companies are excited about moving forward with tracking and monitoring assets, and providing new productivity and efficiency tools that have not been available to the trucking industry in the past.
Tim Norton, President, Anything Trucker, stated, "We are very excited to have NavStar as a business partner as we continue to provide communications, safety, and security products and services that make the American Trucker more efficient. Today millions of pieces of road equipment are scattered across the country with very limited information as to their exact location. With the NavStar Asset Tracker we can provide real-time location reporting, eliminate excessive fuel consumption, and reduce time spent searching for a specific piece of equipment. We can now provide innovations that will change how any motorized fleet, whether: private or for-hire, delivery companies, auto services or heavy equipment industry, monitor and track their assets while making them more efficient, productive and ultimately more profitable. These are just some of the many benefits of the NavStar Asset Tracker System."
"This new distribution agreement has permitted NavStar Technologies to identify and develop six new software applications which will be launched in the next several months. As well NavStar Technologies is pleased to have access to Anything Trucker's resources and industry knowledge. We have worked long and hard to make the NavStar Asset Tracker the industry's most flexible solution and are pleased to deliver a platform which allows for customization and optimization as evidenced by our meeting the demands of Anything Trucker. A prime example of our system's benefits is that at the present time, trucking companies spend upwards of $50,000 a year just calculating fuel taxes; whereas our system does so automatically, as well as provide a monthly report in any format they desire," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "This distribution agreement represents a market penetration of .005% into the US trucking market and will double our forecast of unit sales over the next four years and will generate a minimum of $30M in hardware and service revenue."
FORWARD-LOOKING STATEMENT
This press release contains forward-looking statements within the meaning of US 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 (www.navstarinc.com) 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.
About Anything Trucker, Inc.
Anything Brands Online unit Anything Trucker (www.anythingtrucker.com) markets and sells products and services that improve the level of transportation efficiency and safety of its commercial and recreational customers.
