Settled down from last couple weeks high on report of 5 cents a share profit for the quarter.
But MORE SIGNIFICANT NEWS just came in that people haven't yet noticed... shhh... These news have probably secured another 3 cents next quarter, not counting their auto dealership business.
May 24, 2006 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA - GPS technology industry alert provided U.S. Equity News. Satelinx (OTC: SLXI) has received a purchase order to supply 2000 personal tracking units to GPS Guardian LLC for the purposes of tracking the elderly and disabled. This is the initial order and it is anticipated that another 5000 units, $1.2 Million US, will be ordered in the next few months. This initial contract with a total value of more than $500,000 US will commence immediately.
QUARTER EARNINGS on May 15th:
SCOTTSDALE, Ariz., May 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- NowAuto (OTC Bulletin Board: NAUG) parent company of Navicom GPS and operates auto dealerships for the sub-prime credit market, reported in the 10Q report to the SEC revenue for the third quarter of $3,482,649, a record for the quarter, net income of $446,668, and earnings per share of $0.05. The company filed its 10Q with the SEC on May 12th, 2006.
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NEW TELEVISION CAMPAIGN HAS JUST STARTED AT THE SAME TIME!!
SCOTTSDALE, AZ, May 24, 2006 (MARKET WIRE via COMTEX) -- Navicom GPS (OTCBB: NAUG) which specializes in MRM Mobile Resource Management and GPS tracking, today announced that the direct response television (DRT) promotion of its breakthrough GPS tracking system will be handled by the Home Shopping Group (HSG). HSG offers direct response marketing to companies who want to promote their products for maximum visibility and exposure to consumers. Navicom has shipped its first GPS purchase order received from HSG. HSG will warehouse Navicom GPS units to re-sell and direct ship to their customers.
The DRT commercials promoting Navicom GPS will run on major U.S. television and cable networks, including ABC, CBS, NBC CNN, TNT, TLC and E! Entertainment. In addition, HSG will work with Yahoo! Shopping to launch a mass email campaign promoting the product to HSG customers and other consumers in search of a convenient and affordable way of safeguarding your family with the use of the Navicom GPS Vehicle Location System. HSG has helped promote products for major corporations.
"This is just one segment of the GPS marketplace that Navicom plans to be a part of. With only 9 percent of the overall market utilizing the benefits of this cutting-edge technology, we still have more than 90 percent potential market penetration. In an industry that expects to top 16 Billion by year's end, we are pleased to be a part of this," says Matthew Jones, V.P of East Coast Operations.
About Navicom Inc.
Navicom GPS is an application-based solutions provider of premier telemetry tracking systems worldwide. They specialize in fleet management, law enforcement, and finance applications as well as the motorcycle and auto industries. By establishing its roots in an industry with such room for growth and strengthening relationships with companies that will promote this growth, Navicom is positioning itself to lead the projected explosion of the GPS/telematics marketplace for years to come.
Navicom's flagship devices include the Navitraq V and Navitraq VI. Unlike competitors in the market, Navicom is web based and allows users to pinpoint location, speed, direction, as well as manage complex fleet solutions from any web-based environment. For information please go to www.NowGPS.com or call 800-990-6077.
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They sold a total of 2,200 units for last quarter. BUT they just secured another order of 2,000 units this month, and anticipates another 5,000 units in coming months. Let's do the math...
Significant events in the last quarter include:
1. Wholly owned subsidiary Sunburst Car Company had retail sales of over $1.1 million for the month of March with revenue for the quarter exceeding $2.3 million in retail sales.
2. Navicom GPS increased sales 600 percent with over 2,200 units sold.
3. Navicom GPS sold 1,000 units in the month of March.
4. Navicom GPS has 35 distributors covering 48 states and Mexico.
NowAuto, Inc. also announces it has reopened its Tempe dealership with an emphasis on high-end used vehicles. "The improved results and the strong start to the year lead us to believe we can sustain profitability and begin to expand during the 2007 fiscal year. Sunburst Car Company had another $1 million in sales for April. Navicom, currently at the NABD show in Las Vegas, has been growing its core channels and seeks to add new and more profitable channels in coming months. We believe many of the challenges from last year are behind us and see the momentum coming back," said Scott Miller, CEO of NowAuto.
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