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Article Excerpt
M2 PRESSWIRE-15 September 2009-www.StockMarketingInc.com: Get your alerts before the rest!! Sign up today!! (PINK: NVSR - NavStar Technologies, Inc.) (OTCBB: BSOM a[euro]" Bio Solutions Manufacturing, Inc.) (PINK: ADHC a[euro]" American Diversified Holdings, Inc.) (PINK: EWRC a[euro]" eWorld Companies, Inc.) (NASDAQ: GNBT a[euro]" Generex Biotechnology Corp.)(C)1994-2009 M2 COMMUNICATIONS
RDATE:15092009
Sept 15, 2009 STOCK MARKETING INC PRESENTS : (PINK: NVSR - NavStar Technologies, Inc.) (OTCBB: BSOM - Bio Solutions Manufacturing, Inc.) (PINK: ADHC - American Diversified Holdings, Inc.) (PINK: EWRC - eWorld Companies, Inc.) (NASDAQ: GNBT - Generex Biotechnology Corp.)
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(PINK: NVSR - NavStar Technologies, Inc.)
LATEST NEWS!!
NavStar Raises $1 Million in Corporate Funding
Investment Will Allow Company to Aggressively Pursue Sales Opportunities and to Add Key Technical Staff Members
ANAHEIM, CA, Sep 15, 2009 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a firm focused on developing and commercializing multinational asset tracking and monitoring devices for vehicles and high value cargo, today announced the commitment for $1.0M of funding.
With this new round of funding NavStar plans to expand its hardware and software platform which is designed to facilitate the tracking, monitoring, and recovery of assets in transit. This initial $1.0M in funding will give the company the funds needed to get the current product ready for manufacturing in the last quarter of 2009 and to add key technical staff members. The company is seeking "longer term funding" and is in serious discussions with several additional funding sources.
Interim working capital is the first of four key initiatives that the company announced as a high priority in their September 1, 2009 press release:
"Position NavStar to strengthen their financial structure to enable it to move more quickly and...
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