NVSR.PK, NavStar Technologies Announces $30M Future Revenue Increase

Posted in Trucking

Distribution Agreement Between NavStar Technologies and Anything
Trucker For US Represents an upside of $30M in Hardware and Service Revenue

Anaheim, Calif. – July 31, 2009 – 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 that the progress from Letter of Intent (LOI) to formal distribution agreement is moving faster than expected.

NavStar announced on Wednesday July 29 that they would partner with Anything Trucker, a transportation marketing unit of Anything Brands Online, Inc (ANYT;Pinksheets), to sell and distribute their products in the US. Both companies believe they have a unique opportunity to leverage Anything Trucker’s existing sales force and knowledge of the trucking industry with NavStar’s Vehicle Tracker and collectively can deliver services to the trucking industry that have been unavailable in the past.

Tim Norton, President, Anything Trucker, stated,” We offer many safety and security products today and with NavStar providing monitoring and tracking and a communication link to the vehicle we can now enhance the products and services to include ‘real time’ reporting. This is huge to the small to medium size trucking companies. In today’s economy sending an invoice out the same day versus three or four days later is significant. The annual cost of this product and service will pay for itself in 2 or 3 months”.

“NavStar Technologies is pleased with the excitement at Anything Trucking as evidenced by their desire to get the distribution agreement completed ASAP. If we were to achieve .0005% penetrate in the US trucking market it would double our forecast of unit sales over the next four years and could add more than $30M of hardware and service revenue into our company” said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. “We are negotiating the final details of the distribution agreement and should be able to complete it my the first week in August”.

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.

Pinksheetguru.com offers a wide variety of services to both investors and public companies. Whether you are an investor seeking an investment opportunity or a public company seeking to reach the investment community, www.Pinksheetguru.com can bridge the gap. We encourage investors to take advantage of our trading tools. You may perform your own DD to help make the right investment choices. Visit our “Market Education” page to better educate yourself in order to become a more profitable investor. Pinksheetguru.com goal is to provide investors and stockbrokers with timely financial news, data and links to valuable investment tools (i.e., stock quotes, stock charts, stock research, stock message boards, etc.) to assist in making informed decisions about small cap investments.

Release of Liability: Through use of this website viewing or using you agree to hold www.PinkSheetGuru.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data.  PinkSheetGuru.Com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice which may negatively affect the market.  PinkSheetGuru.Com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and www.PinkSheetGuru.Com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. PinkSheetGuru.Com, nor any of its affiliates are not registered investment advisors or a broker dealers.

Posted by NCTrucker   @   29 June 2010

 

Related Posts

Like this post? Share it!

RSS Digg Twitter StumbleUpon Delicious Technorati

0 Comments

No comments yet. Be the first to leave a comment !
Leave a Comment

Name

Email

Website

Previous Post
«
Next Post
»
trucker pic
Powered by Wordpress   |   Lunated designed by ZenVerse
Blog WebMastered by All in One Webmaster.
WordPress SEO fine-tune by Meta SEO Pack from Poradnik Webmastera
Who links to my website?