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NAVICOM GPS ANNOUNCES PARTNERSHIP WITH BEDROCK VENTURES, INC. TO FACILITATE MEXICO DISTRIBUTION CHANNEL 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. Global-E Investments, Inc. , soon to become NowAuto Group, Inc., which recently acquired the assets of NowAuto, Inc., 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. 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.
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