NavStar Technolgoies, Inc. (NVST.PK) Completes Reverse Merger with European Diversified Holdings Company
NavStar Technologies announced today that it has reverse merged with European Diversified Holdings Company. The merger was discussed over the summer and became effective on August 1, 2007. As terms of the agreement, NVST shareholders will own 90% of the common stock while EDHC holders own 10%. The CEO, Mr. Douglas Pritt, stated, “This merger provides an opportunity to become a publicly traded entity and is the first step towards the successful long-term vision of NavStar Technologies. Our product Beta trial period, which concluded in late 2006, gave us the feedback needed to re-enter the GPS navigation market with a…
