NavStar Technologies, Inc. Announces Pre/Post Acquisition Guidance
* Reuters is not responsible for the content in this press release.
ANAHEIM, CA, Jun 24 (MARKET WIRE) --
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm
focused on developing and commercializing asset tracking and monitoring
devices for vehicles and high value cargo with specific geographic focus
in Latin America, today reaffirms financial guidance for its possible
future operating performance based upon two scenarios. Both scenarios are
summarized below.
The first of these scenarios announces the company's projected performance
over the course of the next four years presuming the procurement of
approximately $1.0 million of working capital and assumes the business
continues without material change.
Below is the summary financial income statement for this assumption:
Year ($M) 2009 2010 2011 2012 2013
Revenue 2.0 12.4 16.3 20.8 25.9
COG 1.1 7.4 10.1 13.2 16.9
Gross Profit .9 5.0 6.2 7.6 9.0
SG&A 1.3 2.7 3.5 4.6 5.6
EBITDA (.4) 2.3 2.7 3.0 3.4
The second scenario contemplates an enhanced possible operating
projection over the same four years, but presumes the procurement of
approximately $2.0 million of working capital and the successful
completion and integration of a synergistic acquisition discussed later
in this press release. The incremental value created through the
completion of this acquisition is reflected in the following recast
financial projections:
Year ($M) 2009 2010 2011 2012 2013
Revenue 2.2 17.2 26.4 35.3 46.9
COG 1.2 9.3 15.1 20.5 27.1
Gross Profit 1.0 7.9 11.3 14.8 19.8
SG&A 1.5 3.7 5.3 6.9 8.6
EBITDA (.5) 4.2 6.0 7.9 11.3
N. Douglas Pritt, Chairman and CEO, said, "In addition to the
reoccurring monthly service revenue which we will realized from this
acquisition, we will also be able to offer customers a total solution and
the ability to customize service offerings quickly and take full
advantage of sales opportunities."
For further information about NavStar Technologies, Inc. visit the
company's website at www.navstarinc.com.
FORWARD-LOOKING STATEMENT
This press release contains forward-looking statements within the meaning
of U.S. federal securities laws, that involve known and unknown risks and
uncertainties that may cause actual results to differ materially from
those expressed or implied in this press release.
About NavStar Technologies, Inc.
NavStar is focused on the creation of products and services that provide
tracking and monitoring of vehicles and high value cargo, equipment, and
other valuable and personal assets.
CONTACT:
NavStar Technologies, Inc.
Patrick Bannister
714-502-6900
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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