eResearch

eResearch
Star Navigation Systems Group Ltd.
TSX VENTURE : SNA

Star Navigation Systems Group Ltd.

October 04, 2005 08:30 ET

eResearch Issues Initiating Report on Star Navigation Systems Group Ltd.

TORONTO, ONTARIO--(CCNMatthews - Oct. 4, 2005) - eResearch analysts, Beverly Brooks, MBA, and Bob Leshchyshen, CFA, have written an Initiating Report on Star Navigation Systems Group Ltd. (TSX VENTURE:SNA). Star Navigation has developed a safety monitoring system that permits the transmission of data, during flight, from an aircraft to ground-based data centres via satellites and the internet. The Company's device could potentially replace the aviation industry's "black box" with safer, less costly technology that operates in real time. The device improves airline profitability and fleet management by reducing flight operating and maintenance costs.

In the Report, the analysts state, "The Company appears to have established some important alliances and is negotiating contracts with airlines and maintenance companies in Asia and the Middle East. It is also engaged in discussions to sell its units to major North American, European, and African airlines companies ..."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our focus is on identifying interesting, under-valued, under-covered, and over-looked companies that have interesting prospects, sound management, and significant potential for share price appreciation. We provide the investment community with a consistent, quality source of information and analysis, which has the potential of reaching up to 6 million global investors through our distribution networks. Clients include institutional and retail investors, investment dealers, limited market dealers, and corporations. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered.

Star Navigation Systems Group Ltd. paid eResearch a fee of $8,000 to conduct research, on a single report basis, on the Company.


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