A wholly owned operating subsidiary of NXGen Holdings,
Inc. (Stock Symbol:NXGH.PK) will seek to become a leading
provider of tracking systems and integrated asset location
services for the public, corporations and governments.
The NXGen Business Solution will seamlessly converge
wireless communications (GSM) and the Internet with
global positioning (GPS/GPRS) technology enabling end-to-end
mobile asset and vehicle location and monitoring solutions.
NXGen will also combine real-time GPS positioning and
wireless communications systems delivering precise,
time-critical mobile asset status and history information
for increased security, greater loss control and telematics
Location Technology), once only found in luxury automobiles
and large trucking fleets is today taking aim at broad
consumer automotive markets. Telematics combines wireless
voice and data services with Global Positioning System
(GPS) technology to provide specific location services
like vehicle navigation, tracking, and emergency services.
NXGen will offer consumers
affordable personalized vehicle tracking solutions using
state of the art communications and wireless technology.
The NXGen product line will be appealing to consumers
by providing hardware and vehicle or asset recovery
services via the Internet for a monthly subscriber fee.