Through its wholly-owned operating subsidiary, NXGen Holdings, Inc. (NXGH.PK) will seek to become a provider of tracking systems and integrated asset location services for the public markets, corporations and governments. The NXGen Business Solution is anticipated to seamlessly combine wireless communications and the Internet with global positioning technology. This unique blend of technology will enable end-to-end mobile asset and vehicle location and monitoring solutions.
NXGen also intends to combine real-time GPS positioning and wireless communications systems that deliver precise mobile asset status and history information for increased security and telematics services. Telematics is making its way to the broad consumer automotive markets, after being restricted to the luxury automobile market, offering companies such as NXGen a great opportunity to expand in a growing market.
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