SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

September 09, 2009 09:00 ET

NavStar Technologies, Inc. to Pay 10% Stock Dividend

ANAHEIM, CA--(Marketwire - September 9, 2009) - NavStar Technologies, Inc. (PINKSHEETS: NVSR) announces that the Company's Board of Directors has authorized a 10% (ten percent) dividend of the Company's Common Stock for its Stockholders of Record as of Wednesday, September 30, 2009. The Stock Dividend Pay Date to stockholders will be on Wednesday, October 14, 2009.

The Company elected to reward those stockholders who had remained loyal to the Company and have been patient as 2009 has unfolded slower than expected. Each holder with 100 shares of NavStar Technologies, Inc. common stock as of September 30, 2009 shall be entitled to receive ten (10) additional shares of common stock. For example, if a holder owns a round lot of 500 shares he or she shall receive 50 additional shares. The payment date for the common stock dividend is set for October 14, 2009.

This Stock Dividend will be electronically credited to stockholders' accounts on the Pay Date. Those stockholders who are not holding their shares with Brokers will receive their Stock Dividends in certificated form.

Thanks for your patience and continued support.

On Behalf of NavStar Technologies, Inc.
N. Douglas Pritt
Chairman & CEO

FORWARD-LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of US federal securities laws, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release.

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 Information

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