Flash Acquires GPS Provider Navicom Corporation

GPS NEWS

new business opportunities for GPS applications continue to be churned out

Scottsdale - Mar 10, 2004
Flash Automotive Acceptance Corporation reports the completion of its acquisition of Navicom Corporation as a wholly owned subsidiary in a share exchange for 100% of the common stock of Navicom.

Navicom Corporation is a Scottsdale based Arizona corporation that markets Global Positioning Satellite (GPS) tracking devices primarily to financial services companies for use in the recovery of motor vehicle collateral (see www.navicomgps.com).

The Navicom GPS devices are a valuable tool for any vehicle fleet in need of tracking and locating and its markets include transportation and fleet companies as well as the financial services recovery business.

"Flash has been Navicom's biggest customer so we are pleased to make this strategic acquisition to further position Flash as a key player in the buy-here pay-here financial services market with this new profit center" said Stan Wilson, Chairman and CEO of Flash.

Flash Automotive Acceptance Corporation (Flash) is a publicly traded automotive holding company with its primary focus in the consolidation of the buy-here pay-here market of non-prime vehicle financing while also being positioned to maximize investment opportunities in all aspects of the retail automotive arena.

The Flash plan seeks to capture each of the profit centers in the retailing of automobiles including new, used, retail, wholesale, finance, insurance and aftermarket in both the franchised new car and independent used vehicle sales markets.

GPS NEWS

Russians To Launch First Two Of EU's Galileo GPS Satellites

Paris (AFP) Mar 03, 2004
The Soviet-era workhorse of space, the Soyuz, has been chosen to launch the first two Galileo satellites, the European Union's answer to the US Global Positioning System (GPS), Arianespace announced on Wednesday. Arianespace, which carries out launches for the European Space Agencyand commercial clients, said it had signed an agreement with Starsem, which markets Soyuz launches.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.