NVSR - NavStar Technologies, Inc

[paperchase]

NavStar Technologies, Inc. Signs Term Sheet for Joint Venture to Distribute Products and Services in Japan
10:00a ET July 7, 2009 (Market Wire)
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, today announced the signing of a term sheet with Haeng Bo Cha Partners to enter into a Japan-based Joint Venture to sell and distribute NavStar products and services in Japan.

N. Douglas Pritt, Chairman and CEO, confirmed that negotiations have been underway for about six weeks and have progressed faster than expected since signing a letter of intent on May 20, 2009 and that the joint venture will include exclusivity for Japan and other Asian countries.

According to the terms of the initial agreement, NavStar's contribution to the joint venture will be manufacturing support, product and software engineers and application services support. Haeng Bo Cha Partners will provide the marketing and sales support and the IT infrastructure to support the monitoring and tracking services. NavStar will transfer rights to their technology and "know how" in the form of a license agreement in exchange for a fee in excess of $1.0M. The exact ownership structure is still under discussion but NavStar will be the majority owner. The term sheet is not binding and conclusion of the deal is subject to completion of a final approval process by the NavStar board of directors.

"This is a great opportunity for NavStar to provide vehicle and asset tracking hardware and services to large and small transportation companies in Japan and other Asian countries," stated N. Douglas Pritt, Chairman & CEO of NavStar Technologies, Inc. "Mr. Cha and his partners have demonstrated the ability to move quickly and possess a unique awareness of the sales and marketing opportunity in Japan. We are looking forward to working with them."

This joint venture and the completion of a software company acquisition reaffirm the following financial projections:

Year ($M) 2009 2010 2011 2012 2013 --------- ---- ---- ---- ---- ---- Revenue 2.2 17.2 26.4 35.3 46.9 COG 1.2 9.3 15.1 20.5 27.1 Gross Profit 1.0 7.9 11.3 14.8 19.8 SG&A 1.5 3.7 5.3 6.9 8.6 EBITDA (.5) 4.2 6.0 7.9 11.3

For further information about Navstar Technologies, Inc. visit the company's website at NavStar.

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.

[paperchase]

NavStar Technologies, Inc. Narrows Search for Software Company Acquisition
9:15a ET July 21, 2009 (Market Wire)
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo with specific geographic focus in Latin America, today announces that their efforts to acquire an annuity-based services/software company has been narrowed down to two companies.

N. Douglas Pritt, Chairman and CEO, confirmed that negotiations are underway with the final two candidates and that a Letter of Intent will be announced in the next two weeks.

NavStar also re-affirmed guidance regarding its expected financial performance over the next 5 years. The successful achievement of these financial objectives assumes the company's procurement of up to $2.0 million of funding in the 3rd quarter of this year and the completion of the services/software company. The summary financial income statement follows:

Year ($M) 2009 2010 2011 2012 2013 --------- ---- ---- ---- ---- ---- Revenue 2.2 17.2 26.4 35.3 46.9 COG 1.2 9.3 15.1 20.5 27.1 Gross Profit 1.0 7.9 11.3 14.8 19.8 SG&A 1.5 3.7 5.3 6.9 8.6 EBITDA (.5) 4.2 6.0 7.9 11.3

Based on the additional service revenue which will accrete to the base financial model, this acquisition should allow NavStar to galvanize additive revenue which will reoccur year to year based on the deployment of the asset tracking devices through customers in Latin America. Several Latin American customers/governments have already indicated under binding Letters of Intent a desire to acquire the company's products.

N. Douglas Pritt, Chairman and CEO, said, "In addition to the reoccurring monthly service revenue which we will realized from this acquisition, we will also be in a position to respond quickly to customers' request for quotes (RFQ) and offer customized solutions that competitors will have difficulty matching."

For further information about NavStar Technologies Inc. visit the company's website at NavStar.

[paperchase]

Vehicle/Asset Tracking Forecast to Grow From $3.0B to $5.0B by 2011
9:01a ET July 22, 2009 (Market Wire)
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo with specific geographic focus in Latin America, today has made available to shareholders and investors an independent research report on Vehicle/Asset tracking and monitoring.

According to the report, adoption of vehicle/asset tracking and monitoring is likely to be driven by factors such as:

-- Increased recognition of tracking/monitoring benefits -- Worker productivity -- Administrative efficiency -- Reliable and affordable data communications -- Increase availability of wireless coverage

The report says that today only 10% of the 20M fleet vehicles in the US have Vehicle/Asset tracking devices and of the 12M fleet vehicles in Brazil and Mexico only 5% have Vehicle/Asset tracking devices.

N. Douglas Pritt, Chairman and CEO, confirmed that NavStar's business model for sales into Mexico, Latin and South America contemplates a very un-ambitious penetration of one-half of one percent of fleet vehicles.

NavStar also re-affirmed guidance regarding its expected financial performance over the next 5 years. The successful achievement of these financial objectives assumes the company's procurement of up to $2.0 million of funding in the 3rd quarter of this year and the completion of the services/software company. The summary financial income statement follows:

Year ($M) 2009 2010 2011 2012 2013 ---- ---- ---- ---- ---- Revenue 2.2 17.2 26.4 35.3 46.9 COG 1.2 9.3 15.1 20.5 27.1 Gross Profit 1.0 7.9 11.3 14.8 19.8 SG&A 1.5 3.7 5.3 6.9 8.6 EBITDA (.5) 4.2 6.0 7.9 11.3

N. Douglas Pritt, Chairman and CEO, said, "We continue to stay focused on getting POs from our distribution partners in Ecuador and Mexico. The Joint Venture for device and service sales into Japan is moving forward and next week we will announce agreements with distribution partners in Canada and the US that could have a significant impact on the financials as stated above."

For the complete research report, go to NavStar and click the "What's New" link.

[paperchase]

NavStar Field Testing a Great Success in Ecuador as Final Stages Commence
9:00a ET July 28, 2009 (Market Wire)
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo with specific geographic focus in Latin America, today announced that the field trial in Ecuador has entered the final stages and will result in the execution of a Purchase Order for 4,033 units worth $732,000.

After several months and many hours of testing, the field trial with the public transportation system in Ecuador has reached the final stages of testing with only a few software fixes to be resolved. NavStar and its "in-country" distribution partner, Fixed Equipment S.A. (FIX GROUP), are diligently working with the public transportation system in Ecuador to finalize the purchase order for 18,000 units (3,000 units more than the initial discussed order), to be delivered over two years, representing a revenue figure of $3.3 to $4.0M. A transaction of this magnitude represents a marginal 10% market share of Ecuador's transportation and service industry.

"With 25 units involved in the field trial we have stressed the system at all its critical points and it has proven itself extremely reliable and flexible and we are down to a few very minor software issues," said Roberto Manosalvas, General Manager, Fixed Equipment S.A. "NavStar's high quality device and technical support and our 'hands-on everyday' availability have been the deciding factor in winning this business."

"We are pleased that the field testing in Ecuador is nearing completion after many months of hard work. The time invested in Ecuador will be beneficial as we pursue other contracts in South America. The fact that we have units in service in Mexico, Brazil and Venezuela should make these contracts easier to close," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "Between our team and Roberto's team we have been extremely responsive to Ecuador's Public Transportation System and their desire to make this field trial as complete and through as possible."

[paperchase]

NavStar Technologies, Inc. Completes an LOI With Anything Trucker, Inc. for Sales and Distribution in the US
9:01a ET July 29, 2009 (Market Wire)
NavStar Technologies, Inc. (PINKSHEETS: NVSR), 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 (PINKSHEETS: ANYT), 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. With year 1 sales forecast in the US at less than one tenth of one percent penetration, there is a significant "upside" in this opportunity.

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."

"With more than 30 million trucks in the US, this is an opportunity we cannot '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, Chairman & 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."

[JGygli]

6731 West 121st Street
Overland Park, KS 66209
Phone: 913-312-5609
Fax: 913-851-2710
NavStar


About NavStar Technologies, Inc.

In recent years, we have seen explosive growth and change in the telecommunications industry. Wireless technology has forever influenced the way people communicate with each other. It has allowed them to be truly mobile and never out of touch.

Now the industry has further evolved with the same technology and is delivering these benefits to help people, machines and systems all communicate with each other. Application possibilities are seemingly endless for business, allowing companies in these vertical markets to reduce costs and increase productivity. Distribution of technology that facilitates the needs of modern consumers is an appealing market.

The location-based services business sector is one of the most promising emerging technologies in the wireless industry today. The location and tracking marketplace has recently undergone significant changes as new disruptive innovations (such as Argo Navigation’s products) and competitive digital cellular data services have driven service costs down; and as a result, a larger potential customer base is emerging for these services.

One of the primary focuses of our sales efforts will be the trucking, delivery and services industry. Anyone that has to be on the road and make multiple stops and wants to be productive (not getting lost) and save fuel. The NavStar product development concept and current features and functionality will allow us to sell into this huge market.

The following is a high level view of this market opportunity:
20 million fleet vehicles
25 million field service techs and drivers
15 million mobile sales force employees

A further breakdown of this market reveals the following summary of vehicles on the road by market segment.
Service Fleets: 4.5 million vehicles
Delivery (trucking) fleets: 4.3 million vehicles
3 million Private delivery vehicles
Government: 3.1 million vehicles (excl. Public Safety)
Public Safety: 400,000+ vehicles
Sales fleets: 450,000 vehicles
Rental car/truck: 2.1 million



The NavStar Management Team

President and CEO N. Douglas Pritt has 30 years experience at senior level positions in the telecommunications industry. Mr. Pritt has served as President & CEO of OnFiber Communications, Senior VP of Business Development at Sprint PCS, and various senior level management positions at Lucent Technology.

Chairman of the Board and Advisor Christopher Tse, founder of Musical Group, has more than 30 years experience in consumer electronic manufacturing. Musical currently employs around 5,000 members of workforce in Hong Kong and the PRC to manufacture electronic products for AudioVox, Best Buy, Circuit City, Emerson, Hasbro, Jensen, Memorex, and Sanyo to name only a few.

Secretary and Advisor Henry Wong has over 25 years of technical and management experience in the computer and networking industry. Mr. Wong currently serves as CEO at Pronounced Technologies and has also served as President and CEO of Secure Bridge, Inc., Vice President of Engineering at Vpacket Communications, Inc., Director of Engineering at Cisco Systems, and Vice President of Hardware Engineering at Combinet Inc.

[B]Chief Scientist and Advisor Charles LaRue[/b has worked for many aerospace companies developing airborne radar systems, avionics operating and maintenance software, graphics software, aircraft simulation, and IFF systems. These companies include Lockheed, ITT Gilfillan, Teledyne, and Litton. In the mid-80’s he first conceived the idea of a car navigation system that gave turn-by-turn directions to the driver and has continued to advance the state-of-the art in voice navigation systems.


Investor Relations:

Corporate Stock Transfer, Inc.,
3200 Cherry Creek Drive South
Suite 430
Denver, CO 80209
714-502-6900
info@navstarinc.com



NavStar Share Summary as of 6/30/10

Authorized 450,000,000

Issued 7,001,631

Float 3,043,000

[JGygli]

Friday's trades:

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[JGygli]

Some nice UNPAID Exposure coming from this site, check out the scroll bar:

NYC Marketing Inc

[JGygli]

chatter and attention has really picked up on NVSR, watch for .10 break! Remember, 3M FLOAT!!!!

[stockomni]

There is much chatter and shifts in this stock price. One of the biggest pieces will be in seeing more mergers happen