Celevoke buys Crown Telecom's assets; starts operating in Brazil

Celevoke buys Crown Telecom's assets; starts operating in Brazil

Star One is owned by Celevoke (51%) and Templar Investment & Acquisitions (49%). Both Templar and Crown have agreed that all future telematics business of any nature whatsoever will be conducted solely by Star One.

In order to jump start operations, Star One is purchasing the operating assets of Crown Processamento De Dados (trading as Crown Telecom in Brazil).

Star One will thus start business in Brazil with an experienced sales force, a fully operational back-office, and existing relationships with vehicle dealerships and insurance companies, enabling the company to take advantage of the market opportunity presented by the Brazilian government's mandate that all new factory-produced or imported automobiles must be equipped with anti-theft devices and tracking systems, effective August 1, 2009.


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