SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

August 20, 2009 11:00 ET

NavStar to Reward Loyal Shareholders

ANAHEIM, CA--(Marketwire - August 20, 2009) - NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, today announced that discussions are underway to consider a possible stock dividend to shareholders.

According to the company, this action is being taken to acknowledge the continued success in reaching distribution agreements with partners in Mexico, Ecuador, Japan, US and Korea and for the loyal support and patience of shareholders. The share price of the company has recently increased to reflect these achievements and plans are underway to issue a stock dividend to shareholders. The board of directors will provide an update to shareholders within days on the results of these discussions.

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.

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.

Contact Information

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