NavLynx Technologies (Canada) Inc. added Chubb Insurance Company of Canada to its list of partner insurance companies wanting to lower the losses and associated costs resulting from an increase in auto theft across Canada. Chubb Insurance has now approved the NavLynx Technologies AutoGuard Tracking(TM) System to be installed in its insured vehicles.
NavLynx also recently announced that it has entered into a binding letter of intent to merge with Zenith Technologies, Inc. The transaction is subject to final board and shareholder approval by NavLynx anticipated to take place by the middle of September, 2003.
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