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.
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