SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

May 31, 2011 09:00 ET

NavStar Technologies Active in Negotiations With Long Term Funding Sources

ANAHEIM, CA--(Marketwire - May 31, 2011) - NavStar Technologies, Inc. (PINKSHEETS: NVSR), a company focused on producing and commercializing products and services for tracking/monitoring and reporting on the location and condition of high value cargo and other assets, has announced discussions with long term funding groups.

The Company is in negotiations with various investment entities, both foreign and domestic, to secure the long term funding needed to manufacture and sell their "state of the art" GPS/Wireless tacking and monitoring products and service.

"We are actively engaged in discussions with a variety of possible candidates for a long term funding package that will allow us to manufacture and sell product and services in the 3rd quarter of 2011," stated N. Douglas Pritt, Chairman and CEO of NavStar Technologies, Inc. "The response has been very positive and potential investors share our view of the potential GPS/Wireless tracking and monitoring opportunity in markets that are in their early stage of growth.

"The field trials we have undertaken in the earlier part of 2011 have provided valuable insight about customer needs and as a result we have modified and added several new features the our products and services platform. This long term funding will allow us transfer this field trial knowledge into hardware and services revenue," continued Pritt.

NavStar generates revenue from hardware sales and recurring monthly service fees. The overall strategy is to sell a quality device and add software services that allow users to lower their cost and gain efficiency improvements that increase their bottom line profitability.

About NavStar Technologies, Inc.
NavStar ( 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.

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