NVSR rockets ahead by 33 Percent to .05 on 42,985,400 shares – NVSR is up 1011 Percent since our alert




Hi stockalerts3@gmail.com,

NVSR rockets ahead by 33% to .05 on 42,985,400 shares – NVSR is up 1011% since our alert – MORE GAINS TO COME !!!

We alerted NVSR @ .0045 on July 22, 2009.  NVSR has since moved higher by 1011% to a .05 close today. Volume was crazy today as it was 386% higher than the ten day average.

The company released strong news again today.  THE COMPANY IS RACKING UP BIG SALES  NUMBERS.  They are looking @ $15 million in sales in Korea from a series of contacts.

NavStar Announces Initial Inquiry From Investors to Sell and Distribute Products in Korea Which Could Represent $15M in Revenue

2009-08-04 09:45 ET – News Release

ANAHEIM, CA — (MARKET WIRE) — 08/04/09

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:
NavStar Technologies, Inc.
Patrick Bannister
714-502-6900
Email Contact

We think NVSR has more upside.  The company could see a  price of .10 on more news. 

 

 

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