Archive for the ‘NavStar Technologies Inc. NVSR’ Category

NavStar Technologies, Inc. (NVST.PK) Announced Second Generation Product Design for Voice Navigator II™

Saturday, March 1st, 2008

On February 29th, NavStar announced the second generation product design concept for Voice Navigator II™, an innovative product that has a wide range of advanced yet easy-to-use features. It will be an all-in-one, cutting-edge designed slim device that combines hands-free calling, voice navigation and total voice input. The device will transform GPS navigation and the hands-free calling into an affordable, easy-to-use and safe experience. Voice Navigator II™ is designed to maximize safety and easy usage and will make the device very safe to use. More unique features will be announced in the next few weeks.

Elizabeth Mazzae of National Highway Traffic Safety Administration stated, “Devices like head sets or voice-activated dialing may lead to longer dialing times than for hand-held phones but the delays offset the potential benefit of keeping both hands on the wheel.”

N. Douglas Pritt, NavStar Technologies Preseident and CEO also comments, “The ability to use your voice to make hands-free calls and get turn x turn directions in this all-in-one device will make this product unlike any other on the market today. Four factors are paramount in our approach to personal navigation and hands-free calling. That is safety, ease of use, affordability and product platform for new services. These are features that customers have been requesting and we can provide at a price point that will appeal to the mass market.”

How this works: When a customer needs directions, all they will do is use their Bluetooth headset to call the NavStar server. They will provide basic information as to their destination and at that point turn- by-turn directions will be downloaded to the NavStar device.

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NavStar Technologies, Inc. (NVST.PK) Shares Increase 14.29% Wednesday Morning

Wednesday, January 9th, 2008

NavStar Technologies’ stock began this morning with a bang as 14,000 traded shares increased the share price more than 14% from yesterday’s closing price. NavStar Technologies is looking to capitalize on the quickly growing GPS market with its unique product that is 100% hands-free and eyes-free, leaving the driver’s attention on the road.

The GPS market is expected to grow from 180 million units in 2007 to 720 million units in 2011; a 400% increase in just three years! In just this year alone the industry is anticipated to reach a global value of approximately $30 billion. This rapid growth provides companies such as NavStar with plenty of opportunities and room to grow with ease as well as stability.

The company recently formed a strategic alliance with Audex Telecom Industrial Co., Ltd to provide low cost, feature-rich, easy to use navigation products. The partnership combines Audex’s 10+ years of Bluetooth knowledge and The Voice Navigator that NavStar has been developing for more than 3 years.

Bob Lau from Audex Telecom commented, “We are pleased to be working with NavStar and believe that a combined Audex hands-free car kit with NavStar voice navigation capability has a significant place not only in the U.S. but also in China and other regions of the world.”

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Navstar Technologies, Inc. (NVST.PK) Share Price Doubles During Thursday’s Trading Hours

Friday, January 4th, 2008

NVST.PK closed at $0.009, a tenth of a cent lower than its high of day at $0.01. Since the beginning of this year volume has increased significantly and has showed no signs of slowing down. On Wednesday the company announced that it would be utilizing the maps of NAVTEQ (NYSE:NVT) in their flagship product, “The Voice Navigator.”

The Senior Vice President, Consumer & Enterprise, of NAVTEQ commented, “NAVTEQ is pleased to be powering a device that offers a new approach to getting people to their destinations in the most efficient and accurate manner possible. We look forward to supporting NavStar as it enters the growing connected services industry.”

Navstar’s Voice Navigator advantageously uses the consumer’s existing wireless connection and service plan to download the most up-to-date maps and points of interest, which include over six million listings including airports, restaurants, hotels, banks, gas stations and other popular destinations. With the ability to provide users with a route to the exact address desired or point of interest, the NavStar is sure to be a quickly emerging player in the GPS market.

The Voice Navigator stands out from the rest of the industry as it is the first commercially available product that creates a true hands-eyes-free turn-by-turn experience. The company has for the first time successfully combined the safety of hands-free driving while simultaneously providing voice navigation.

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NAVTEQ, Inc (NYSE:NVT) Maps Power New Voice Navigator(TM) Product from NavStar Technologies, Inc. (NVST.PK)

Thursday, January 3rd, 2008

NAVTEQ, Inc (NYSE:NVT), a leading provider of digital maps for vehicle navigation systems, announced that NavStar Technologies, Inc., a technology development company, will power its new Voice Navigator product with NAVTEQ’s maps. Each quarter, NavStar will upload and integrate freshly updated NAVTEQ data maps, providing all users with optimal routing information.

The Voice Navigator is a leading navigation product that directly interfaces with a wireless phone to create a hands and eyes free navigation system. Thus, turn-by-turn directions will be delivered to the user without diverting the driver’s attention from the road.

Doublas Pritt, CEO and President of Navstar, stated, “As NavStar forges into the fresh navigation space of interactive voice command routing, we need to establish Voice Navigator as a quality product with the most precise maps and robust routing capability available. NavStar selected NAVTEQ because we wanted to align with the clear leader of enhanced map data. The NAVTEQ quarterly map downloads on Voice Navigator will help provide our customers with the most up-to-date maps available.”

Winston Guillory, Senior Vice President of NAVTEQ, added, “NAVTEQ is pleased to be powering a device that offers a new approach to getting people to their destinations in the most efficient and accurate manner possible. We look forward to supporting NavStar as it enters the growing connected services industry.”

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Navstar Technologies, Inc. (NVST.PK) Shares Continue Bullish Run as Investors Realize 42.86% Additional Gains

Thursday, December 27th, 2007

From the 20th of this month, NVST.PK has been steadily up-treding towards higher prices. The bullish trend continued today as the stock reached a High-of-Day at $0.015 – a 114% gain from yesterday’s close. Shares are currently trading at a penny a share.

NavStar Technologies is focused on designing and manufacturing its voice activated personal navigation device. According to ABI Research, out of the 300M vehicles currently on the road in the United States, only 9% use a navigation device. However, the market for personal navigation solutions is expected to grow and reach a volume of more than 100M units by 2011.

The U.S. accounts for 23% of global sales for navigation systems. The Research firm estimates that 53 Million units will be sold in Europe and North America in 2012. The Company’s products are uniquely positioned to take advantage of this growing demand as they are the only company manufacturing a display-free, hand-free, voice activated personal navigation device.

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NavStar Technologies, Inc. (NVST.PK) Share Prices Escalate 20% Friday Morning

Friday, December 14th, 2007

NVST.PK shares were trading 20% higher than yesterday’s close. Volume has increased significantly the past two weeks as investors took interest in the company’s recent key developments and additional information provided on the innovative Voice Navigator™ product.

Earlier this week the Company announced that it has formed an alliance with Audex Telecom Industrial Co., Ltd. The partnership will enable the company to provide low cost, feature-rich, easy to use navigation products. Audex is one of the leading manufactures in the world of Bluetooth products and brings much experience to the Company.

Both NavStar and Audex Telecom will be committing their engineering resources to provide the Voice Navigator. Bob Lau from Audex Telecom commented, “We are pleased to be working with NavStar and believe that a combined Audex hands-free car kit with NavStar voice navigation capability has a significant place not only in the U.S. but also in China and other regions of the world.”

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NavStar Technologies, Inc. (NVST.PK) and Audex Telecom Industrial Co., Ltd. Form Strategic Alliance

Wednesday, December 12th, 2007

NavStar Technologies announced today that they have formed a strategic partnership with Audex Telecom Industrial Co., Ltd. to provide low cost, feature-rich, easy to use navigation products. As terms of the agreement, there will be a strong focus on developing NavStar’s Voice Navigator(TM) with a goal to market the product in the 2nd quarter of next year.

Douglas Pritt, President & CEO of NavStar Technologies, stated, “This partnership brings together the 10+ years of Bluetooth knowledge with hands-free car kit expertise that Audex has acquired and the Voice Navigation core focus that NavStar has been developing over the past 3 years. Audex is one of the leading manufacturers in the world of Bluetooth products, their approach to product design (‘New lifestyles’) is aggressive and their manufacturing quality is excellent.” He added, “We are very excited about the relationship.”

Both companies will commit engineering resources to deliver the Voice Navigator. Bob Lau from Audex Telecom commented, “We are pleased to be working with NavStar and believe that a combined Audex hands-free car kit with NavStar voice navigation capability has a significant place not only in the U.S. but also in China and other regions of the world.”

NavStar Technologies’ innovative approach is forming a new category in the maturing and quickly growing GPS navigation industry. By using only voice input in a complete hands-free GPS environment, potential driving distractions are reduced and drivers’ eyes stay on the road while still receiving accurate turn-by-turn directions. Across the nation, legislation is placing restrictions on cell phones allowing only hands-free devices. The Voice Navigator(TM) system complies with all current legal requirements, and more importantly, for the future legislation to come. The company believes its product is poised to be the “right product at the right time.”

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NavStar Technologies, Inc. (NVST.PK) Share Price Increases 25%

Wednesday, December 12th, 2007

NavStar Technologies, Inc’s (NVST.PK) share price increased 25% during Tuesday’s trading hours. Whereas the daily volume is 25,000 shares, Tuesday saw a surge of volume that totaled 100,000 shares. This increase in volume can be attributed to corporate news released last Friday.

In this statement, NavStar unveiled their new Voice Navigator product. Specifically, the Voice Navigator is a compact, simple and safe to use personal navigation device. Voice Navigator will allow each user to request and download a transportation route while making a hands free cell phone call. According to ABI Research, out of the 300M vehicles currently on the road in the United States, only 9% use a navigation device. However, the market for personal navigation solutions such as the Voice Navigator is expected to grow and reach a volume of more than 100M units by 2011.

NavStar Technologies is a leading company focused on the manufacturing of portable navigation devices; targeted towards the consumer / retail market. In addition to providing portable navigation devices, the company also offers the “NavStar” server platform. This platform provides fully customizable services for the delivery industry, the home healthcare industry, and the R.V industry.

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NavStar Technologies, Inc. (NVST.PK) Reveals Key Specifications Regarding Its Feature-Rich Voice Navigator Product

Thursday, December 6th, 2007

NavStar Technologies announced additional details regarding its leading-edge, affordable personal navigation device, the Voice Navigator(TM). The company’s innovative product enables users to request and download the latest routing information, or make a hands-free call with voice, rather than through conventional input requiring a screen.

Out of the 300,000,000 vehicles currently on U.S. roads, only 9% actually use a navigation device or system according to ABI Research. The market for these solutions is expected to grow rapidly exceeding more than 100 million units by 2011.

NavStar Technologies has named their product the “Ultimate Wireless Accessory” as it has the multi-functionality and ability to customize services for a wide array of market segments. The development strategy the company utilized is very important for the following reasons:

(a) Unit cost is reduced

(b) The product is very safe to use

(c) Users are provided with current, updated directional information

(d) Users have the ability to download directional information for multiple destinations

(e) And the development of customized applications and information services for both the consumer and the commercial markets is enabled

In this year alone, sales for personal navigation devices in the U.S. are expected to reach 29 million units. Navstar’s Voice Navigator(TM) will offer the budget minded consumer a feature-rich alternative to the expensive GPS navigation devices currently on the market and will be priced similar to a wireless accessory. With all these competitive advantages, Navstar is poised to capture a significant market share once its product is released into the open market.

The company accompanied their press release with the following details concerning their strategic plan:

“The initial product is scheduled to launch in 2nd Quarter 2008 and will include the following features.

– Voice Input for hands-free calling and requesting turn-by-turn directions

– Bluetooth Compatible (will support all wireless networks and bluetooth handsets)

– Hands-Free Car Kit (Voice-activated so hands and eyes stay on the road)

– Voice Navigation (turn-by-turn directions)

– Full speech including street names (says turn right on 3rd Street instead of turn right in 200 feet)

– Emergency 911 (one touch access to emergency services)

– Internet Itinerary (ability to preload destination via NavStar website)

– Maps that are updated quarterly

– Ability to customize server features for different market segments.”

Because the GPS antenna is internally stored within The Voice Navigator™ the product is thinner and will be approximately the size of a deck of cards. Users will be able to choose their destination based on a series of criteria including: by street address, intersection, or by selecting from the searchable database of millions of points of interest (POI), such as banks, hotels, shops, ATMs, nightclubs, gas stations, tourist attractions and restaurants. The Voice Navigator(TM) further stands out from the competition by providing the convenience of the latest, most up-to-date NAVTEQ(R) maps.

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Small Cap Voice Featured Company: NavStar Technologies, Inc. (NVST.PK)

Tuesday, December 4th, 2007

NavStar Technologies, Inc. (NVST.PK) is focused on designing and manufacturing portable navigation devices targeted towards the retail and commercial markets. The Company is led by President and CEO Doug Pritt who has an extensive background leading companies in senior level management positions and was a key part in launching the Sprint PCS network.

The Company’s premiere product, titled the “Voice Navigator(TM)” innovatively stands out from competitor offerings since it is built around a thin client/server concept that reduces unit cost, provides real-time directional information, enables users to download directional information for numerous destinations, and allows advanced customization for specific industries.

The Voice Navigator is the only product currently available that can receive requests for direction by voice. NavStar’s proprietary voice direction database provides users with higher quality verbal directions compared to competing products while at the same time staying considerably lower priced.

The portable navigation device market is rapidly growing and has plenty of potential to expand further. The number of units sold in North America and Europe increased from 500,000 in 2002 to 8.4 million in 2005. The quickly growing industry is anticipated to reach 75 million units in just a few short years.

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NavStar Technologies, Inc. (NVST.PK) – Gas Stations are for Gas, not for Directions

Tuesday, December 4th, 2007

One of the fastest growing sectors in the consumer electronics space is the GPS, or Global Positioning System. Originally developed for airplanes and boats, to direct their travel over a surface where there is no “road” to follow, the general public caught onto the idea of a system that could help them navigate from place to place. The days of stopping into a convenience store, or gas station to get directions to their destinations, has been replaced by LCD screens showing the path to travel. The “PND” or “personal navigation device” was born, and instantly gained market traction.

There is no doubting the fact that some percentage of GPS systems or PND’s are bought for their “cool” or “wow” factor, as having neat new gadgets is something of a hobby for many. But the savvy have found much better ways to employ the use of these tools, besides just having a new toy to play with. They are finding that in the business world they are saving businesses money. Lots of it.

How much money is lost in extra fuel expenses because delivery drivers can’t find their destination? How many man hours are lost each year as home nursing agents, wander around neighborhoods looking for their patients? How many dollars in lost revenue are never recovered, as delivery agents sit and plot out their next twists and turns on a map, as they go from one customer location to another?

The numbers are staggering, and that’s simply for the ones that we can quantify. No one actually knows the entire scope of the lost productivity from incomplete, inaccurate, and ill planned travel plans. The highway authorities have only estimated the man hours lost in a year due to “lost” travelers, not to even mention the extra gallons of fuel that’s gone out the tailpipe. The costs are absolutely staggering.

Well, NavStar Technologies Inc. plans to end a lot of that waste, and in doing so, to create a powerhouse in the PND space. NavStar’s approach is fresh in a sea of sameness, but it’s not different just to be flashy or “new,” it’s different to be better. There is a difference. While competitors in the space redesign their units to look different, they all function the same way, and in all reality there is a dangerousness to it. They use touch pads for entering the travel details such as addresses, and then displays them on an LCD screen. For a driver to make use of the unit, he must take both his eyes off the road, and his hands off the wheel. Obviously there is a danger involved there, and more and more states are mandating that communications devices be “hands free” such as blue tooth cellular.

NavStar took that into consideration, and makes the only voice activated, and voice directed GPS device in the known market. Not only do you “ask” the unit to direct you to your destination, you don’t have to take your eyes off the road to “get” your directions. See, NavStar’s unit, named “Voice Navigator” is very unique in the industry, as it “talks” you to your destination, door to door. But if not having to take your eyes off the road to look at a little LCD screen was all that NavStar did, it would be a major breakthrough. But that’s just the most visible difference. The lack of a screen and its unobtrusive size instantly relay the message that this is “different”, but it falls far short of telling you how different.

By using a “thin client” application, NavStar can put this unit in the hands of the consumer or business owner for well under 200 dollars, a price point that is quite attractive to the consuming public, and a virtual miracle to the service business. How? By not having an LCD screen, those savings are realized. But by using a cellular connection to contact the main server, the unit can download turn by turn directions, specific to your exact destination. There’s no reason to have a map of the entire United States, when you’re only going from New York to Philadelphia, thus a costly hard drive is unnecessary.

If the ingenuity and safety of a completely voice operated system isn’t enough, and a price point well under 200 dollars isn’t enough, is there anything else that makes this product even more unique and desirable? Yes there is. In fact, there is a litany of feature points that make this product truly remarkable, and each one is more remarkable than the next. The server is customizable to unique business needs. The maps are constantly updated on a monthly basis, instead of the “once you got it you got it” maps of the competition. You have the ability via the “itinerary” feature to plot out and download multiple stops, an unbelievably valuable service feature for delivery dispatchers of all manners, and a feature not available from any of the competition.

Imagine for a moment, a dispatcher who sends a delivery schedule to NavStar’s server. The individual truck drivers hit one button and their entire route is downloaded for them in just two minutes. From the warehouse door, each turn is told to them in real time as they reach their destinations. Imagine the fuel and time savings of just that application. But again there is even more.

Ease of use, affordable, customizable, safety enhancing, productivity enhancing, always current, scalable, voice operated, small, portable , and a host of other bullet point headlines make this a blockbuster product. NavStar has a true opportunity on its hands to significantly impact the Personal Navigation Device market. Sales of PND’s in 2001 were just north of 250K. Estimates for this calendar year, 2007 is over 20 Million units, and yet none of them sold will have the features available in the NavStar units.

The market is exploding, demand is soaring, and NavStar stands ready with a breakthrough product to materially impact the industry. Investors looking for an incredible opportunity in a ground floor capacity need look no further than NavStar. Personal Navigation is a growing trend, and wise investors should consider growing with it. NavStar is worthy of a very close look.

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NavStar Technologies, Inc. (NVST.PK) Featured in New Audio Interview at SmallCapVoice

Monday, December 3rd, 2007

SmallCapVoice announced this morning that an audio interview featuring NavStar Technologies, Inc. is now available. In the exclusive interview, Mr. Douglas Pritt, CEO of Navstar, provides his personal insight into the company’s recent news and more.

Navstar Technologies is focused on designing and manufacturing portable navigation devices targeted towards users in the consumer/retail market. The platform used by the company not only provides a feature rich environment, but also offers customized services for the delivery industry, home healthcare providers and millions of RV owners.

To hear the complete audio interview, please visit: http://www.smallcapvoice.com/nvst/nvst-11-30-07.php

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Navstar, Inc. (NVST.PK) Ready to Launch their Line of PNDs into the Emerging Market of GPS Navigators

Friday, November 30th, 2007

Navstar headed by a management team that held past positions at Sprint, Onfiber, Lucent, and GTE has designed a line of PND’s Portable Navigation Devices targeted at consumers and commercial customers. Their headquarters are located in Overland Park, Kansas and all products are outsourced to Musical Electronics Ltd, which is based out of Hong Kong. The Beta product has been tested and manufactured, Navstar now sits ready to penetrate their target markets.

Navstar will sell The Voice Navigator™ for $149 to $169 per unit and will market to retail consumers as well as commercial customers. This product is unique because it is based on a thin client/server product technology. When plugged into the cigarette lighter socket, users can operate the device by their voice and the device is connected with a cell phone can provide communication between it and the company’s server. This also enables real-time information to be downloaded to the device through the phone. These can be huge advantages in real estate, trucking and other industries. The Voice Navigator™ has been designed so that single designs can be marketed to all target markets with ability to customize for different applications. It is also the lowest priced product within its market. Later this year Navstar will release a Bluetooth enabled device that they believe will have a disruptive impact on the industry.

They believe there is a tremendous potential market for the product which includes the 200 million cell phone users in the US, and a recent survey conducted found 90% of 1000 cell phone users surveyed would be interested in purchasing a PND under $500. What is so unique about Navstar’s product again is the customizability, enabling it to be targeted at wide range of markets. The company is currently pursuing direct sales with major commercial businesses and distribution agreements with Best Buy, Circuit City, QVC and Radio Shack.

Competition within the GPS device market is fierce but Navstar feels its unique product features and low price point put them in an advantageous position within this emerging industry. At this time Navstar has no knowledge of anyone with the product capabilities of the Voice Navigator™. Its main competitors are Magellan, Garmin, Lowrance, and Tom-Tom as well a handful of other Major companies that are delving into the PND market. The PND market is experiencing rapid growth, up 168% over the past 4 years. It’s expected to continue to grow in the US and Europe. This leaves Navstar perfectly situated in this soaring market with a High quality, Low cost product.

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NavStar Technolgoies, Inc. (NVST.PK) Announces Promotion through QualityStocks.net

Thursday, November 29th, 2007

NavStar Technolgoies will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 400,000+ subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

Doug Pritt, President & CEO of NavStar, has the company focused on providing a unique VoIP service that utilizes the services of wireless devices to make calls for a fraction of the price compared to conventional technologies. has the company focused on designing and manufacturing portable navigation devices targeted towards the retail and commercial markets. Mr. Pritt stated, NavStar has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”

Michael McCarthy, Director of Business Development for QualityStocks.net, stated that he is excited to have NavStar as a featured company. He continued to say that NavStar is methodically establishing itself as a category leader.

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NavStar Technolgoies, Inc. (NVST.PK) Completes Reverse Merger with European Diversified Holdings Company

Thursday, November 29th, 2007

NavStar Technologies announced today that it has reverse merged with European Diversified Holdings Company. The merger was discussed over the summer and became effective on August 1, 2007. As terms of the agreement, NVST shareholders will own 90% of the common stock while EDHC holders own 10%.

The CEO, Mr. Douglas Pritt, stated, “This merger provides an opportunity to become a publicly traded entity and is the first step towards the successful long-term vision of NavStar Technologies. Our product Beta trial period, which concluded in late 2006, gave us the feedback needed to re-enter the GPS navigation market with a very affordable product that is safe, hands-free, and very easy to use.”

He continued to say, “In the U.S. there are more than 300M vehicles and only 9% of them currently have a navigation system in place. One-touch navigation and valuable emergency services at a price point that everyone can afford will allow us to capitalize on the remaining 91%. This reverse merger is providing NavStar with an opportunity to create long-term value for its shareholders and will allow us to execute the NavStar strategy of creating the ‘Ultimate Wireless Accessory.’ This decision was made with careful consideration to our shareholders, Company direction, and strategy; We believe this is the best course of action to follow at this time.”

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NavStar Technologies, Inc. (NVST.PK) is “One to Watch”

Thursday, November 29th, 2007

NavStar Technologies, Inc. is focused on designing and manufacturing portable navigation devices targeted towards the retail and commercial markets. The Company is led by President and CEO Doug Pritt who has an extensive background leading companies in senior level management positions and was a key part in launching the Sprint PCS network.

The Company’s premiere product, titled the “Voice Navigator(TM)” innovatively stands out from competitor offerings since it is built around a thin client/server concept that reduces unit cost, provides real-time directional information, enables users to download directional information for numerous destinations, and allows advanced customization for specific industries.

The Voice Navigator is the only product currently available that can receive requests for direction by voice. NavStar’s proprietary voice direction database provides users with higher quality verbal directions compared to competing products while at the same time staying considerably lower priced.

The portable navigation device market is rapidly growing and has plenty of potential to expand further. The number of units sold in North America and Europe increased from 500,000 in 2002 to 8.4 million in 2005. The quickly growing industry is anticipated to reach 75 million units in just a few short years.

Let us hear your thoughts below: NavStar Technologies Message Board