SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

March 02, 2009 09:15 ET

NavStar and Telepet Announce Partnership to Develop Pet Tracking Products and Services

NavStar Signs an LOI With Telepet to Jointly Develop Products and Services to Monitor and Track Pets in the US

ANAHEIM, CA--(Marketwire - March 2, 2009) - NavStar Technologies, Inc (PINKSHEETS: NVSR), a GPS navigation company focused on vehicle, asset, and personal tracking, announced today it has signed a Letter of Intent with Telepet USA, Inc. to develop products and services to be sold into the 35B pet market in the US. Telepet is owned by Salco Enterprises an industry leader in the pet identification market. Salco products are currently sold at 23,000 retail stores and veterinary offices and at PetTags.com.

The Letter of Intent will leverage NavStar's product development, GPS experience and manufacturing expertise with Telepet's existing sales and distribution network which has been established over the past 22 years. The Pet Tracking Device will notify the owner when their pet has exceeded a predetermined boundary. Once it is determined that the pet is lost the GPS device on the pet's collar will display on a map the exact location of their missing pet. The multi-year agreement is expected to be exclusive and can be expanded to countries outside the US.

"We are pleased to announce this agreement with Telepet USA, Inc. as it has always been our vision to not only track and monitor vehicles and other high valued equipment but to provide these same services for people and pets," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "We are absolutely leveraging to the max the expertise and knowledge of these two companies."

"Telepet is convinced that with the NavStar team we get a partner with over 20 years of GPS knowledge and a proven record for developing quality products. With recent technology advances in GPS along with battery and circuitry miniaturization we can reach price points that make this product very attractive for the 160 million pet owners in the US," said Stephen J. Greenberg, CEO & President, Salco Enterprises.

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.

About Telepet USA, Inc.

Telepet is a "spin off" from Salco Enterprises who for over 20 years has emerged as the leading supplier of products and service in the pet identification market.

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