NavStar Technologies Inc. Completes an LOI with Anything Trucker, Inc. for Sales and Distribution in the US
"NavStar Technologies" <[email protected]> Wed, 29 Jul 2009 15:06:16 -0500
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View this email as Webpage Dear Valued Investor: Below please find a news release for Navstar Technologies Inc. (NVSR.PK) NavStar Technologies Inc. Completes an LOI with Anything Trucker, Inc. for Sales and Distribution in the US Anaheim, Calif. – July 29, 2009 – "http://navstarinc.com/ " NavStar Technologies, Inc. (NVSR;pinksheets), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo today announced the completion of an LOI for sales, marketing and distribution in the US. NavStar will partner with Anything Trucker a transportation marketing unit of Anything Brands Online, Inc (ANYT;Pinksheets), to leverage its existing sales force to provide equipment, software and related services to trucking companies in the US. The NavStar Vehicle Tracker and service will be the initial product sold in 2009. Vehicle Tracker has 20,000 units in service around the world. The LOI specifies 10,000 units and associated service will be sold annually which equates to $2.5M in hardware and service revenue for NavStar in year 1. This is five tenths of 1 percent penetration in the US and an opportunity for sales beyond 10,000 units an nually is significant. “With more than 2 million trucks in the US this is an opportunity we can not “slow roll” as originally planned. We have been in discussions with Anything Trucking for several months and are excited to take this next step in formalizing our relationship" said N. Douglas Pritt, President & CEO, NavStar Technologies, Inc. “We will support their efforts with hardware, customized software and engineering support as they define the specific requirements of the trucking industry in the US.” Tim Norton President, Anything Trucker stated,” We are pleased that NavStar has placed its confidence in our organization for the promotion and sale of its product line. NavStar products will provide our commercial clients the technology to improve communications and vehicle monitoring that will lead to more efficient and profitable operations.” 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. About Anything Trucker, Inc. Anything Brands Online unit Anything Trucker ( HYPERLINK "http://www.anythingtrucker.com" http://www.anythingtrucker.com) markets and sells products and services that improve the level of transportation efficiency and safety of its commercial and recreational customers. For more information contact Investor Relations at Anything Brands Online (HYPERLINK "http://www.anythingbrandsonline.com"www.anythingbrandsonline.com) _________________________________________________________________________ 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. Navstar Technologies Inc Company Website ---------- To be removed from this distribution list please click here and type remove in the subject ---------- Investor Network and MarketSmart Communications Inc,. Disclaimer: Although results are possible, they are not gaurenteed. Please be aware that MarketSmart Communications Inc. is a news service and NOT an investment advisory service; it is advised that you consult with a licensed financial advisor before making any investment decisions. This publication does not provide an analysis of a company's financial position and the information herein should NOT be construed as an offer to buy or sell securities. The information herein is taken from sources thought to be accurate, but there is no guarantee. All due diligence should be done by the reader or their financial advisor. Investing in securities is s peculative and carries risk. Past performance does not guarantee future results http://wallstreetreporting.net/manage.php/528054/4641814 Target Publishing , Inc 530-S Federal Hwy - Deerfield Beach, Fl 33432 US _______________________________________________ pyrepl-dev mailing list [email protected] http://pyrepl.codespeak.net/mailman/listinfo/pyrepl-dev