RobBrady Frequent Visitor
Joined: Jul 21, 2004 Posts: 2718 Location: Chelmsford, UK
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Posted: Sun Mar 08, 2009 3:36 pm Post subject: NavStar and Telepet Reveal Additional Details About... |
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NavStar and Telepet Reveal Additional Details About Potential Opportunity for Pet Tracking Products and Services
Domestic Pet Category Breakdown ANAHEIM, CA--(Marketwire) - NavStar Technologies, Inc (PINKSHEETS: NVSR), a GPS navigation company focused on vehicle, asset, and personal tracking, and Telepet USA/Salco Enterprises, the industry leader in the pet identification, release details about the potential revenue opportunity in the pet tracking market segment.
According to the American Pet Products Manufacturers Association (APPMA), the Pet Industry is approximately a $35 billion market at retail. The Pet Supplies channel represents approximately $1.4 billion at retail. In addition, about 63% of U.S. households own a pet and 45% of those households own more than one type of pet. An overview of the domestic pet industry is depicted in the graph included in the release.
"We believe that this relationship and the development of the Telepet tracking product will add an additional $3.0M to $5.0M of revenue to NavStar in the first 12 months," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc.
About NavStar Technologies
NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.
NavStar Technologies, Inc.
Patrick Bannister
www.pettags.com _________________ Robert Brady |
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