NavStar Technologies, Inc. Signs Term Sheet for Joint Venture to Distribute Products and Services in Japan

ANAHEIM, CA, Jul 07 (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, today announced the signing of
a term sheet with Haeng Bo Cha Partners to enter into a Japan-based Joint
Venture to sell and distribute NavStar products and services in Japan.

N. Douglas Pritt, Chairman and CEO, confirmed that negotiations have been
underway for about six weeks and have progressed faster than expected
since signing a letter of intent on May 20, 2009 and that the joint
venture will include exclusivity for Japan and other Asian countries.

According to the terms of the initial agreement, NavStar's contribution to
the joint venture will be manufacturing support, product and software
engineers and application services support. Haeng Bo Cha Partners will
provide the marketing and sales support and the IT infrastructure to
support the monitoring and tracking services. NavStar will transfer rights
to their technology and "know how" in the form of a license agreement in
exchange for a fee in excess of $1.0M. The exact ownership structure is
still under discussion but NavStar will be the majority owner. The term
sheet is not binding and conclusion of the deal is subject to completion
of a final approval process by the NavStar board of directors.

"This is a great opportunity for NavStar to provide vehicle and asset
tracking hardware and services to large and small transportation companies
in Japan and other Asian countries," stated N. Douglas Pritt, Chairman &
CEO of NavStar Technologies, Inc. "Mr. Cha and his partners have
demonstrated the ability to move quickly and possess a unique awareness of
the sales and marketing opportunity in Japan. We are looking forward to
working with them."

This joint venture and the completion of a software company acquisition
reaffirm the following 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

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

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