Navicom GPS Announces Partnership with Bedrock Ventures, Inc. to Facilitate Mexico Distribution Channel
31 August 2005 - 4:41PM
PR Newswire (US)
SCOTTSDALE, Ariz., Aug. 31 /PRNewswire-FirstCall/ -- Global-E
Investments, Inc. (OTC:GEIV), soon to become NowAuto Group, Inc.,
which recently acquired the assets of NowAuto, Inc. (Pink Sheets:
NWAU), which owns four auto dealerships in the Southwest and is a
Tier I provider of Navicom GPS products and the Navicom GPS
network, today announced that it has entered into partnership with
Bedrock Ventures, Inc. to expand its distribution channels in
Mexico. Under the terms of the agreement, Bedrock Ventures will
assist Navicom in three main areas: strategic partnership and
distribution strategy; product positioning/pricing and packaging;
and the product development roadmap for Mexico. The initial Mexican
applications will provide consumer and corporate vehicle asset
tracking solutions designed to minimize losses and enhance
revenues. Future product development will be focused on niche
enterprise application developments that exploit the natural
distribution channels that exist in Mexico. "Bedrock Ventures will
have a strategic role in the development of Mexico and South and
Central American operations. Their market knowledge and past
success in the GPS marketplace will prove valuable to Navicom and
our desire to expand into Mexico and Central and South America,"
said Keith Tench, President of Navicom, Inc. Navicom and Bedrock
Ventures will collaborate to establish strategic partnerships with
Mexican entities for distribution, niche application identification
and development, and service and support of the solutions. "This
joint effort between Navicom and Bedrock focuses on successfully
penetrating Mexico, Central and South American markets through the
development, integration and distribution of tracking, monitoring,
localization, and communication applications utilizing a variety of
technologies," said John Pappas, Executive Vice President of
Navicom, Inc. About Bedrock Ventures, Inc. Bedrock Ventures is a
privately held corporation specializing in international operations
and investments in wireless applications and asset- tracking
technologies, telecommunication, and niche technology solutions
providers. The principals of Bedrock, David L. Armstrong and Steve
Vandegrift, have a combined 40 years' experience in private equity,
and senior executive operating roles including Chairman of the
Board, Chief Executive Officer, President and Chief Financial
Officer. Bedrock's team has been involved in international GPS
solution development and distribution, wireless application
companies, enterprise software entities and financial
organizations. 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. Navicom's flagship devices include the Navitraq V
and Navitraq VI and a personal tracking device, the Navitraq III.
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 http://www.nowgps.com/ or call
800-990-6077. Statements contained in this release, which are not
historical facts, may be considered "forward-looking statements"
under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current expectations and
the current economic environment. We caution the reader that such
forward-looking statements are not guarantees of future
performance. Unknown risk, uncertainties, as well as other
uncontrollable or unknown factors could cause actual results to
materially differ from the results, performance or expectations
expressed or implied by such forward-looking statements. CONTACT:
Finn Walstad of OTCGrowth.com, (253) 564-9254 or This release was
issued through eReleases(TM). For more information, visit
http://www.ereleases.com. DATASOURCE: Navicom, Inc. CONTACT: Finn
Walstad of OTCGrowth.com, +1-253-564-9254 or Web site:
http://www.nowgps.com/
Copyright