Consumer Automotive Finance Inc (CAFI)

[Smith111]

Here's what Keith said about Navicom a few days ago, in case you missed that posted e-mail. Execution: it's regarding the "gps boxes with wires on old wooden tables." LOL

"Everything is on track. We expect to have units delivered by late August as planned. They are testing both the GSM and Microburst box as we speak and we expect to receive live test units by the first week of August. The back end is 75% complete and we continue to have weekly meetings with the software engineers to stay on top of the developments.

With the addition of John Pappas, our new Executive VP of Business Development, we have been extremely busy with a multitude of deals ranging from enterprise accounts to nationwide retailers who will integrate our product into their distribution channels. You are going to see an enormous shift in the direction as it relates to microburst vs GSM. Companies who primarily sell microburst (Aircept) and others are scrambling to stay in front of the curve. The paradigm shift in the industry is headed toward EGPRS (GSM). Because of this, we plan to aggressively market our GSM box and its capabilities both domestically and internationally. I could talk all day on why this unit so extraordinary but that will come shortly as we move closer to the launch date. A side note on the unit: It will do over the air programming and reconfiguration as well as have the ability to do full voice transmission. You can imagine the possibilities this opens up for us.

We’re on track with our 1,000 unit a month forecast. In fact that number for us is a baseline based on a 3 month rolling average. By no means is that what we are shooting for. It’s our minimum internally."