NVSR price and volume alert!
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Hi stockalerts3@gmail.com, Navstar Technologies is quickly becoming a GIANT pick! They are already moving big today up more than 32% with 3.2 million shares moving! BEHL already crossed the .10 mark and NVSR seems to be heading the same way! All they need to get over this hump is some strong news – and look at they today they put out some strong news! NavStar Announces Initial Inquiry From Investors to Sell and Distribute Products in Korea Which Could Represent $15M in Revenue 9:45 AM ET, August 4, 2009 ANAHEIM, CA, Aug 04, 2009 (MARKETWIRE via COMTEX) — NavStar Technologies, Inc. (PINKSHEETS: NVSR) (www.navstarinc.com), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, today announced a series of meetings this week with a group of investors to sell and distribute products and services in Korea. The discussions will range from a possible joint venture to sell and distribute and could include manufacturing to a straight multi-year distribution and sales agreement. Whatever form the agreement takes, it will combine NavStar’s product development and GPS/wireless knowledge with the Korean investors’/partners’ in-country experience and extensive business connections. The agreement for hardware and services should be in the $15M range for fiscal years 2010 and 2011. "We have been working on this relationship for the past 3 months and are pleased that the investors are making a trip to the US to accelerate the process and are determined to reach agreement on the deal structure," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "The potential Korean investors have an extensive distribution capacity and a range of contacts in Korea that would take us years to duplicate. The early conversations have been centered around the purchase of a minimum of 10,000 units every 12 months." About NavStar Technologies, Inc. NavStar (www.navstarinc.com) 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. CONTACT: This is HUGE for NVSR – first a deal with Anything Truckers which represents $30 Million dollars and now a partnership in Korea which could bring in $15 million in revenue! That is $45 MILLION in deals in two weeks!! This is becoming another MEGA pick in a long line of winners from PennyStockChaser.com Remember to do your own due diligence for NVSR. |
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