SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

February 26, 2009 11:00 ET

NavStar Announces an Exclusive Multi Year Sales and Distribution Agreement

NavStar Makes Significant Entry Into the Mexico Market, Signs an Exclusive Agreement to Sell and Distribute Their GPS Vehicle Tracking System

ANAHEIM, CA--(Marketwire - February 26, 2009) - NavStar Technologies, Inc. (PINKSHEETS: NVSR), a GPS navigation company focused on vehicle, asset, and personal tracking, announced today it has successfully entered into an Exclusive Sales and Distribution agreement with Global Fire & Tech Inc.(GF&T) covering Mexico, Central America, South America and the Caribbean. GT&T will leverage their existing experience in Mexico to distribute and sell the NavStar vehicle tracking system.

The sales and distribution agreement includes providing equipment, software and related services. The NavStar Fleet Management System will allow owners of commercial and private vehicles to track their assets, provide increased safety and security, and disable stolen vehicles. The three year agreement for hardware and services is expected to generate $30M in revenue from 2009 to 2011.

"We are pleased to announce this agreement with GF&T as they provide immediate access to one of the largest conglomerates and most powerful distribution channels in Mexico, Central and South America and the Caribbean," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "Our experience in Mexico, Brazil and Venezuela together with our track record of delivering quality products and services against very demanding schedules was a big factor in finalizing this agreement."

"With the NavStar Fleet Management System, we get proven products and services. This is a huge opportunity for both companies given the recent law passed in Mexico that requires GPS tracking capability to be installed on all new commercial vehicles," said Chung Lee, CEO & President, GF&T. "NavStar is a trusted partner, and their experience in South America is a definite plus."

About NavStar Technologies

NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.

Contact Information

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