ISRI-LET'S PUT OUT WHAT WE DO KNOW
(COMTEX) B: International Star, Inc. Issues Corporate Update
B: International Star, Inc. Issues Corporate Update
LAS VEGAS, Nov 16, 1999 (BUSINESS WIRE) -- International Star, Inc.
(OTCBB:ISRI):
Major Purchase Order -- Exceeds $11,000,000 The Company has received
its first purchase order from American Consolidators. The order is to
equip 1,000 tractors and 5,000 trailers for their trucks operating out
of Los Angeles, California and Las Vegas, Nevada. The gross value of
this initial order exceeds $11 million.
This significant order gives the company strong initial penetration
into the lucrative Los Angeles and Las Vegas markets.
This transaction was strongly influenced by Qwiktrack's(R) strong
product performance and leasing price point strategies.
This is merely an initial purchase order, which may be significantly
expanded in the future as dictated by customer need and satisfaction
with the product.
Sales Financing Qwiktrack is negotiating lease arrangements with
American Leasing, LLC of Las Vegas, Nevada. These arrangements will
enable Qwiktrack to discount our leasing contracts and operate on a
cash flow basis. This will enable The Company to grow without the need
for additional capital and unacceptable stock dilution.
Further Business Developments Qwiktrack's strategic plan calls for
selling approximately 10,000 tractor units and 25,000 trailer units in
fiscal 2000. We are currently negotiating distribution with two major
entities capable of generating North American sales sufficient to meet
our goals.
We are also negotiating two major joint venture agreements, one for
England and one for the Middle East. If successful, these agreements
will add significant additional cash flow from both the buy-in-fees
from the Joint Ventures as well as the extra leasing and monitoring
income.
American Towman Exposition Qwiktrack has been invited by the National
Towing Alliance to demonstrate our product on Nov. 19-21, 1999, to the
attendees of the Exposition. 22,000 companies will attend representing
200,000 tow operators.
This represents a wonderful opportunity for us to show off our product,
establish recognition in the industry and cultivate potential sales.
Qwiktrack is working with the National Towing Alliance to develop a
program for their membership that will provide local and national
dispatching, insurance premium reductions, mileage reductions,
operating cost reductions and consumer acceptance by providing quicker
response time per unit dispatched.
Service Qwiktrack is negotiating a contract with a national service
provider to install and service our units anywhere in North America.
Fully Reporting Status The Company's attorneys and accountants continue
moving forward with this time consuming process. We anticipate
completing and submitting this filing by Dec. 31, 1999.
Qwiktrack Server Computer engineers are progressing nicely with their
server beta test procedures. Once successfully tested, the site will be
accessible anywhere in the World via the internet.
The Qwiktrack.com site will provide the following functions:
1) Real time vehicle/asset tracking demonstrations
2) Sign up procedures/contracts
3) Corporate Updates
4) E Commerce- Credit Card/Automatic Bank withdrawal for leases
5) Complete down loading of customer function performance
Conclusions: The Corporate Executive Board is very pleased with our
rapid growth and development since shifting our focus to Qwiktrack
merely 4 months ago.
We are positioning the Company to take full advantage of Qwiktrack's
enormous sales opportunities in:
1) The Trucking Sector -- estimated 1.3 million tractors and 5-10
million trailers |
