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STAR NAVIGATION EXHIBITS AT BERLIN AIR SHOW 2010TORONTO, ONTARIO, Jun 08, 2010 (MARKETWIRE via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX VENTURE: SNA) ("Star" or the "Company"), is pleased to announce that it is exhibiting its STAR-ISMS(TM) system at the Berlin Air Show, Stand 100, Hall 7, June 8-13, 2010. (See www.star-navigation.com or www.paradigmservices.com). The Air Show will be attended by some 1,150 exhibitors from 40 countries, presenting hi-tech products from every sector of the aerospace industry, featuring advanced technology for aviation and the space sector. The Air Show is a significant bi-annual opportunity for the aviation community to meet, showcase their products and services, and build relationships and sales. Viraf S. Kapadia, Star's CEO stated: "We are looking forward to exhibiting at this important venue, as it compliments our efforts to enhance the overall STAR-ISMS(TM) System." About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator. Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. Contacts: Star Navigation Systems Group Ltd. Viraf Kapadia CEO (416) 252-2889 viraf.kapadia@star-navigation.com www.star-navigation.com AGORACOM Investor Relations IR HUB http://www.agoracom.com/ir/StarNavigation E-mail all questions and correspondence SNA@agoracom.com http://www.agoracom.com/ir/StarNavigation SOURCE: Star Navigation Systems Group Ltd. mailto:viraf.kapadia@star-navigation.com http://www.star-navigation.com http://www.agoracom.com/ir/StarNavigation mailto:SNA@agoracom.com http://www.agoracom.com/ir/StarNavigation Copyright 2010 Marketwire, Inc., All rights reserved. [Top] STAR NAVIGATION ANNOUNCES OPTION GRANTSTORONTO, ONTARIO, Jun 04, 2010 (MARKETWIRE via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX VENTURE: SNA) ("Star" or the "Company"), announces that, pursuant to its 2006 Incentive Stock Option Plan, as amended, it has granted incentive stock options to two of its officers to purchase up to an aggregate of 300,000 common shares in the capital stock of the Company. The options expire March 31, 2015. All options are exercisable at a price of $0.22 per share. Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. Contacts: Star Navigation Systems Group Ltd. Viraf Kapadia CEO (416) 252-2889 viraf.kapadia@star-navigation.com www.star-navigation.com AGORACOM Investor Relations IR HUB http://www.agoracom.com/ir/StarNavigation E-mail all questions and correspondence SNA@agoracom.com http://www.agoracom.com/ir/StarNavigation [Top] STAR NAVIGATION ANNOUNCES DEBT SETTLEMENT AGREEMENTTORONTO, ONTARIO, May 05, 2010 (MARKETWIRE via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX VENTURE: SNA) ("Star" or the "Company"), focused on providing technology based Aerospace Solutions - including both hardware and software platforms to assist aviation operators worldwide - announces that it will apply for regulatory approval for a share for debt conversion transaction (the "Debt Settlement"). Pursuant to the Debt Settlement agreed to on May 5, 2010, the Company will issue from treasury 5,069,640 common shares of the Company at a deemed price of $0.20 per share (being equal to yesterday's closing price without any discount). The Debt Settlement will result in reducing Star's debts to various creditors by $1,013,928. The shares issued to the creditors will be restricted from sale for a period of 180 days after the date of issue. Two of the creditors participating in the Debt Settlement are officers and directors of Star, and in this regard will convert $629,495 in outstanding and accrued management fees for a total of 3,147,475 common shares. The issuance of the Debt Settlement Shares will not result in a change of control, and the transaction is subject to TSX-Venture Exchange approval. Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. Contacts: Star Navigation Systems Group Ltd. Viraf Kapadia CEO (416 252-2889) viraf.kapadia@star-navigation.com www.star-navigation.com SOURCE: Star Navigation Systems Group Ltd. mailto:viraf.kapadia@star-navigation.com http://www.star-navigation.com Copyright 2010 Marketwire, Inc., All rights reserved [Top]
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