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SpatialNews.com Press Release
Automotive Capital Group, Inc. Completes Acquisition of Navicom Wireless GPS
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PHOENIX, Sept. 23 -- Automotive Capital Group, Inc. (OTC: AOCP - News) announced today that it has completed the acquisition of Navicom Wireless GPS. Automotive Capital Group, Inc. acquires over 1,100 current active accounts that are billed monthly for GPS services. The company also announced it will ship 100 recently ordered units next week to new and current customers. Navicom's GPS technology works in 98% of the US, Canada and Mexico. Navicom offers wireless GPS solutions for personal, business and security.
Navicom offers GPS devices with a range that will compete favorably with competitors in this market. Navicom's system reaches 98% of the US, Mexico, and Canada. Unlike competitors, Navicom is accessed through the Internet to view a vehicle's location, speed, direction, reports, perimeter notification, and disable/enable the car starter. Automotive Capital Group, Inc. has begun marketing Navicom with one of the first lease programs in the wireless GPS industry. For $19.99 per month subscribers can get the Navicom Wireless GPS unit with service included. More information about Navicom and ordering information is available from the company's website at http://www.NOWGPS.com.
The company also announced last week that Navicom Wireless GPS technology will be included in the inaugural issue of "Homeland Security - 2004," the official publication of the Homeland Security Industry and U.S. Department of Homeland Security. Navicom is a new member of the HSIA. Navicom will have access to Requests for Proposals (RFPs) and Requests for Information (RFIs) from all 22 Department of Homeland Security (DHS) agencies are distributed to the participating membership. HSIA membership includes many of the top Homeland Security and Defense Contractors such as Lockheed Martin, Raytheon, General Dynamics, Lakeland Industries, Markland Technologies, ADT, and Caterpillar Inc.
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.
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