SOURCE: NavStar Technologies, Inc.
December 09, 2008 11:16 ET
NavStar Technologies, Inc. in Discussions With IntelliSOL Corporation for Business in Colombia and Peru
ANAHEIM, CA--(Marketwire - December 9, 2008) - NavStar Technologies, Inc. (PINKSHEETS: NVSR),
a GPS navigation company focused on vehicle, asset, personal tracking and
hands-free calling with voice navigation, announced today it has an LOI
from IntelliSOL Corporation for up to 10,000 units to be distributed in
Colombia and Peru in 2009. NavStar will partner with IntelliSOL to provide
equipment, software and related services. The NavStar Fleet Management
System will be used to track a variety of assets and will be the core
hardware used to provide a wide range of GPS services. The potential
revenue from this deal is $2M to $4M.
"We are pleased to announce our success in establishing this relationship
with IntelliSOL as they have a proven track record in Colombia and Peru. We
have worked with IntelliSOL in the past and we are excited to continue our
relationship with them," said N. Douglas Pritt, President & CEO, NavStar
Technologies, Inc. "We will support their efforts with hardware, customized
software and engineering support as they define their specific customer
requirements."
About NavStar Technologies, Inc.
NavStar Technologies, Inc. is focused on the creation of GPS products and
services for vehicles, asset and personal tracking and hands-free calling
with voice navigation.