NavStar Reveals Additional Insights Into Ecuador Opportunity

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NavStar Reveals Additional Insights Into Ecuador Opportunity

[ Tue, Jan 05th 2010 ] - Market Wire

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NavStar Reveals Additional Insights Into Ecuador Opportunity

^{Published on 2010-01-05 06:50:21 - Market Wire}

ANAHEIM, CA--(Marketwire - January 5, 2010) - NavStar Technologies, Inc. (PINKSHEETS: [ NVSRD ]), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, today reveals additional insights into their Ecuador opportunity and the potential impact on 2010 financial projections. The Company has been selected as the hardware vendor in Ecuador which will generate $1.2M in revenue per quarter over the next 5 quarters.

"The Ecuador opportunity is a forerunner for other contracts in Latin America and is bellwether for the kind of need that 3rd world countries and their governments have requested. Our products and services satisfy their need to protect government employees and to stabilize their commercial trading from intervention by third parties and the disruption of their stream of commerce," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc.

Orders from Ecuador will be received over the next 5 quarters and are expected to generate $6.0M in total revenue. The Ecuador opportunity alone can contribute 80% of NavStar's total forecasted revenue of $5.0M for 2010 and over time has an incremental contribution $2.62 per share of issued stock.

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.