Looks like NWAU is becoming a classic Pump&Dump, I got this E-Mail today, and at the same time the stock (Which has been a buck and under) suddenly jumped to 1.15, and volume has suddenly increased to 162,017.
(E-Mail, 5-25-2005)
NOWAUTO (OTC: NWAU) INVESTOR UPDATE
NAVICOM TO LAUNCH ITS OWN TELEMATICS AND TELEMETRY PRODUCTS AND SERVICE WITHIN 10 WEEKS
NowAuto (OTC: NWAU) Investor,
NAVICOM TO LAUNCH ITS OWN TELEMATICS AND TELEMETRY PRODUCTS AND SERVICE WITHIN 10 WEEKS
Navicom to become a tier 1 provider in the GPS market
Scottsdale, Arizona: NowAuto (OTC: NWAU) today announced what is considered the most significant development in the company’s history. Wholly owned subsidiary Navicom has been working for the past 5-months on the development and manufacturing of its own Telemetric and Telemetry product and state of the art backend service. The company announced today it will launch the q NETWORK which will support the NaviTraq V GPS unit as well as NaviTraq VI, the EGPRS product.
“This is the most significant piece of news NowAuto has ever had. Navicom will become a significant tier 1 provider in the Telemetric market with Aircept and CSI Wireless. Unlike other companies in this market, Navicom will own its own product and backend network. With the multitude of products, we will be able to customize applications that have yet to be thought of in the Telemetric and Telemetry markets,” said Scott Miller, CEO of NowAuto.
Navicom will initially spend close to 1 million dollars on the new GPS system roll-out. Navicom is partnering with OneTrack, a Dallas based GPS provider. Per the agreement, Navicom will also acquire 2,500 new customers from OneTrack that are expected to be transferred within the next 6-months. One Track’s core competency is design and development, writing applications and configurations, along with service and support of Telemetric hardware and software solutions. Navicom’s OEM offering will utilize the UTP platform for both Microburst as well as EGPRS.
"The partnership with Navicom is a natural. Navicom provides the sales channel while OneTrack provides technical expertise and the backend solution. It's a perfect fit" said Curt Russell, President of OneTrack.
With the new Telemetric and Telemetry box, Navicom expects sales of 1,000 units per month by August of this year. The capacity of the new system will be configured to support a minimum of 100,000 devices and 250,000 transactions per month without a required upgrade. The system will support and be certified for the Aeris Microburst Network and Datarom GSM Network.
“This investment into our own network and product makes perfect sense because it’s increasing our margins significantly and we feel Navicom now has the solution and custom application to become the premier Telemetric and Telemetry solution provider in the industry. We are creating applications never thought of and solutions that will change the way Telemetric and Telemetry applications are viewed in the public and enterprise market place.” said Keith Tench, President of Navicom.
Those interested in learning more about Navicom and the benefits of GPS Technology can contact info@nowgps.com.
Those interested in learning more about NowAuto, Inc. and wholly owned subsidiary Navicom can send an email to info@nowauto.com 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 SMiller@NOWAUTO.com, or Finn Walstad, CEO of OTCGrowth.com, +1-253-564-9254 or ceo@otcgrowth.com
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