SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

November 03, 2011 09:00 ET

NavStar Technologies, Inc. Announces $2.4 Million in Funding From Southern California Investor Group

ANAHEIM, CA--(Marketwire - Nov 3, 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, is pleased to announce it has secured $2.4M in funding from an investment group in Southern California.

NavStar will use the proceeds to invest in the final development and manufacturing of its GPS tracking and monitoring products and services, add sales and marketing personnel and expects to be selling product and services by March 2012. The announcement was made by N. Douglas Pritt, Chairman & CEO of NavStar Technologies, Inc.

"The investment from this group will allow us to start manufacturing products in the 1st quarter of 2012 and positions us for significant sales in 2012," said N. Douglas Pritt. "Timing for this funding is ideal as several new GPS monitoring and tracking market segments are in their very early stages of development. Our ability to maximize recent technology improvements will position us extremely well as the personal tracking and monitoring market segment unfolds in 2012. In addition, the Electronic On Board Recorder (EOBR) mandate by the DOT that requires US Truckers to electronically record their hours of service (HOS) will also play well into our product and service strategy."

NavStar has built a product and services platform and business model to be among the leaders in the GPS tracking and monitoring industry. This financing will provide the resources necessary to aggressively penetrate the market in 2012. The investment group will also provide assistance with NavStar's distribution and marketing plans.

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.

Contact Information

    NavStar Technologies, Inc.
    Patrick Bannister
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