Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

March 01, 2010 15:09 ET

Star Navigation Announces Option Grants, Changes Branding

TORONTO, ONTARIO--(Marketwire - March 1, 2010) -  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 four of its directors and officers to purchase up to an aggregate of 2,200,000 common shares in the capital stock of the Company. The options expire January 1, 2015. Certain options are exercisable at a price of $0.25 per share and others at a price of $0.26 per share.

The Company also announces that its signature product, the In-Flight Safety Monitoring System, has been re-branded as " Star-ISMS™ " in order to both maintain continuity and to emphasize the Star name.

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.

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