NowAuto Group Announces Financial Guidance for 2006
13 September 2005 - 9:08PM
PR Newswire (US)
SCOTTSDALE, Ariz., Sept. 13 /PRNewswire-FirstCall/ -- NowAuto Group
(OTC:NAUG) (BULLETIN BOARD: NAUG) today announced its
forward-looking estimates for 2006. NowAuto Group (OTC:NAUG)
(BULLETIN BOARD: NAUG) owns all of the assets from a recently
completed acquisition of NowAuto Inc. (Pink Sheets: NWAU). NWAU
shareholders will receive approximately one share of NAUG for every
three shares of NWAU they own once our soon to be filed
registration statement becomes effective. The Company expects to
earn a net income of approximately $10 million or $1.00+ per share
in 2006. Revenues are expected to be in excess of $40 million for
2006. NowAuto Group (NAUG) has 9,707,661 shares outstanding fully
diluted including the shares used for the acquisition. NowAuto is a
Tier 1 provider of Navicom GPS and GSM products and the Navicom GPS
network and is the largest independent auto dealership in Arizona
with four locations. Please check out our websites at
http://www.nowgps.com/ - for information on Navicom
http://www.nowauto.com/ - for information on our dealerships
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 risks, 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. For
Investor Relations contact Finn Walstad of OTCGrowth.com, (253)
564-9254 or DATASOURCE: NowAuto Group CONTACT: Finn Walstad of
OTCGrowth.com, +1-253-564-9254, or , for NowAuto Group Web site:
http://www.nowgps.com/ http://www.nowauto.com/
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