Navicom Begins Manufacturing New GPS Unit
June 10 2005 - 10:29AM
PR Newswire (US)
Navicom Begins Manufacturing New GPS Unit SCOTTSDALE, Ariz., June
10 /PRNewswire-FirstCall/ -- NowAuto, Inc. (OTC:NWAU) announced
today that wholly owned subsidiary Navicom has began manufacturing
the new Navitraq V GPS unit which will be ready for shipping this
summer. The production, which is taking place here in the U.S., has
been underway for at least a week. The company's objective is to
produce 1,500 units to be delivered in August. The company expects
to sell 1,000 GPS units per month once launched. Last month Navicom
announced its alliance with OneTrack, a Dallas-based Telemetry
products manufacturer as its strategic partner. Navicom and
OneTrack will develop the GPS unit (Navitraq V) as well as our
EGPRS unit (Navitraq VI) and create the Navicom q network which
will compete directly in the exploding Telemetry market. The new
Navicom GPS product will be unmatched in the GPS and Digital GSM
market. The new product has the ability to track assets in 98% of
Canada, Mexico and the United States. The unit will also be able to
perform a multitude of functions such as Geofencing, speed alert
notification, panic alarm, starter disable and door lock/unlock
capability. "We believe that the new Navicom GPS and EGPRS units,
combined with the state-of-the-art q network, are going to change
the Telematics market. We decided to take a major leap forward and
do what many successful companies have done, take a product in a
growing market segment and make it better. Improve on what already
exists and capitalize on it. The existing products and solutions
have simply not met the growing need for Enterprise or Law
Enforcement applications," said Keith Tench, President of Navicom.
Navicom has also continued to focus on other aspects of the GPS
marketplace and has signed 3 new partnerships with access to over
10,000 dealership clients. This will greatly expand Navicom's
access presence and further their goal of being the dominant GPS
provider in the marketplace. "Our applications not only offer
solutions to auto dealerships but dealership software companies,
personal, business, law enforcement, homeland security, and other
solutions not yet thought of," said Scott Miller, CEO of Now Auto.
Navicom expects these 1500 units to retail at $599 each. This will
not include the additional monthly backend revenue. Those
interested in learning more about Navicom and the benefits of GPS
Technology can contact . Those interested in learning more about
NowAuto, Inc. and wholly owned subsidiary Navicom can send an email
to and request to be added to future news and upcoming events.
Statements contained in this release, which are not historical
facts, may be considered "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations and the current
economic environment. We caution the reader that such
forward-looking statements are not guarantees of future
performance. Unknown risk, uncertainties, as well as other
uncontrollable or unknown factors could cause actual results to
materially differ from the results, performance or expectations
expressed or implied by such forward-looking statements. CONTACT:
Scott Miller, CEO, NowAuto, +1-480-990-0980 or , or Finn Walstad,
CEO of OTCGrowth.com, +1-253-564-9254, This release was issued
through eReleases(TM). For more information, visit
http://www.ereleases.com. DATASOURCE: NowAuto, Inc. CONTACT: Scott
Miller, CEO, NowAuto, +1-480-990-0980 or , or Finn Walstad, CEO of
OTCGrowth.com, +1-253-564-9254,
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