Navicom GPS Receives a Purchase Order Contract From California Department of Corrections Wednesday June 22, 8:36 am ET
SCOTTSDALE, Ariz., June 22 /PRNewswire-FirstCall/ -- NowAuto, Inc. (OTC: NWAU - News) announced today that wholly owned subsidiary Navicom GPS has entered into an agreement with the California Department of Corrections to track state vehicles while transporting "High Priority" inmates. Because of the secure nature of the transports, logistics of the tracking cannot be released. However, Navicom will be using the Microburst technology to complete the custom application. It will include multiple Geo-fences per unit, speed alerts and as well as a panic button. The driving force behind the initiative was an added level of security when transporting "High Priority" prisoners out of a level 4 prison. Navicom is also working with the prison to outfit the inmates with tracking ankle bracelets to be used whenever an inmate has to leave the grounds. Navicom is looking into several different manufactures and once the unit is certified on the new q network, it will be made available for deployment. The device will add another level of security when transporting prisoners. ADVERTISEMENT
"We have been diligently working on this contract and expect it to open many doors within various State and Federal penitentiaries nationwide. We also plan to work closely with the Sheriffs department who handles transport for the entire prison system," said Keith Tench, President of Navicom.
The overall cost of the project will be paid for through the California General Fund with Net 30 terms.
"I'm extremely pleased with Navicom's ability to deliver and secure a contract of this magnitude. This agency could choose from any GPS provider and chose Navicom based on its ability to deliver and knowledge of the marketplace. I look forward to their continued effort and focus on this critical segment of the business," said Scott Miller, CEO of NowAuto.
Navicom has also added 3 key distributors who will transition to Tier II providers in early September. These distributors bring a wealth of experience and distribution knowledge. Their combined effort will net close to 600 units per month for Navicom. "It's extremely important to have key Tier II providers on board who already have the channels and partners in place to commit to large quantities of monthly units. This will assist our over all monthly commitment goals. We can also count on selling several hundred units within our existing distribution base as well as the multitude of Tier II providers that we are currently in negotiations with," said Tench.
The Navitraq V and VI product set will be unmatched in the GPS and digital GSM market. The new product has the ability to track assets in 98% of Canada, Mexico and the United States. The units will also be able to perform a multitude of functions such as complex tracking and reporting solutions, Geofencing, speed alert notification, panic alarm, starter disable and door lock/unlock capability.
Those retailers interested in learning more about the benefits of Navicom can contact Ryan Clemons, Channel Manager at rclemons@nowgps.com or 602-290- 9911.
Those interested in learning more about parent company NowAuto (OTC: NWAU - News) can email info@nowauto.com and request to be added to the investor news alert.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
CONTACT: Scott Miller, CEO, NowAuto, 480-990-0980 or SMiller@NOWAUTO.com, or Finn Walstad, CEO of OTCGrowth.com, 253-564-9254, ceo@otcgrowth.com
NowAuto to Merge With Fully Reporting Bulletin Board Company and File for NASDAQ Small Cap Listing Thursday June 23, 9:30 am ET NowAuto Reaffirms Year Guidance to Reflect Improved Outlook for Existing Businesses
SCOTTSDALE, Ariz., June 23 /PRNewswire-FirstCall/ -- NowAuto (OTC: NWAU - News) announced today it has elected to merge into a fully reporting company because the management of NowAuto believes it is a more efficient means to become fully reporting and move from the Pink Sheets to increase shareholder value and enhance access to the capital markets. Once on the Bulletin Boards, NowAuto will then apply for NASDAQ Small Cap. The 2nd Quarter (ending June 30th) expects to be audited and filed as a fully reporting company with the SEC. More information about the merger will be announced before month end. Business Outlook
Based on its improved outlook for the second half of 2005 for its existing businesses, NowAuto is reaffirming guidance for its fiscal year 2005 guidance as follows:
Fiscal Year 2005: New Guidance Revenue: $25 million Diluted net income per common share: $0.30-$0.33
This updated business outlook includes any contributions from the recently-announced Sunburst Car Company acquisition. The update also includes the recent growth and orders from wholly owned subsidiary Navicom GPS. The statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not include the potential impact of the previously-announced transactions noted above, or any other mergers, acquisitions or business combinations that may be completed after the date of this release.
About NowAuto (OTC: NWAU - News)
NowAuto runs four auto dealerships in Arizona and its Sunburst Car Company location is currently the largest independent volume dealership in Arizona. Please visit our websites at http://www.NOWAUTO.com and http://www.SUNBURSTCARCO.com.
NowAuto finances the vehicles it sells with its "No credit check auto loans" with an interest rate of 29.99%.
Navicom GPS is a wholly owned subsidiary which is in development and manufacturing of its own Telemetric and Telemetry product and state-of-the-art backend service. The company announced today it will launch the q NETWORK which will support the NaviTraq V GPS unit as well as NaviTraq VI, the EGPRS product. Visit Navicom online, http://www.NOWGPS.com.
Investors with questions can contact CEO Scott Miller at smiller@nowauto.com or 480-990-0980.
Those interested in learning more about parent company NowAuto can email info@nowauto.com and request to be added to the investor news alert.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
CONTACT: Scott Miller, CEO, NowAuto, 480-990-0980 or SMiller@NOWAUTO.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
-------------------------------------------------------------------------------- Source: NowAuto, Inc.
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