This company is a distributor for the following products:
Globalstar's Asset Tracker - This product is battery powered and does not rely on cellular coverage to report data. It reports over the satellites and works anywhere on the planet.
Omnitracs - GPS devices for the trucking industry.
Networkfleet (now owned by Verizon - This equipment delivers data from an on-board computer of a light duty vehicle and transmits it wirelessly over a cellular network. The equipment provides real time vehicle diagnostics and GPS data. They now have about 200 customers that are billed monthly for the monitoring. Customers include private fleets and government agencies.
NWF Tracking Equipment - This company offers both powered and non-powered GPS tracking equipment that monitors engine hours and PM maintenance status.
Motor Guardiancam - This is a camera solution that monitors what happens inside, outside and behind the vehicle for the trucking and bus industries.
PDV Wireless - Launched last last year by the founders of Nextel. They offer a push-to-talk cell phone similar to Nextel, but with a very robust dispatching and GPS features. This system allows customers to be in touch with their employees anywhere in the Houston and Dallas Markets.
Motorola radios - The company sells accessories and provides repair services.
HGACBuy - this is a National Purchasing Co-operative that any Government agency or non-profit organization that receives government funding can join for free. This enables the agency to purchase product without having to go out for bid.
The company receives gross margin when they sell these devices and receive a residual income from the monthly service fee. Customers either buy the equipment or lease the equipment through 3rd part leasing companies or through the company's own lease plan.
The industry estimates a 30% penetration rate for GPS products installed in vehicles. The government recently passed legislation that will soon require all commercial vehicles to install an electronic logging device.
Asking Price $1,019,000
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