May 10, 2013 17:00 ET
TORONTO, ONTARIO--(Marketwired - May 10, 2013) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company") announces that it has been advised by Midwest Airlines (Egypt) ("Midwest") that Midwest is planning changes to its fleet and that it has requested that Star delay the installation planned for a Boeing 737-800 (see press release March 20, 2013) until alternate aircraft are ready to be placed in service.
Star's contract with Midwest remains in place and deposits already received will be applied to the new installations.
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, except as required by law.
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.
Star Navigation Systems Group Ltd.Viraf S. KapadiaCEO(416) email@example.comRenmark Financial Communications Inc.Bettina Filippone(416) 644-2020 or (514) firstname.lastname@example.orgRenmark Financial Communications Inc.Maurice Dagenais(416) 644-2020 or (514) email@example.comRenmark Financial Communications Inc.Media - Guy Hurd(416) 644-2020 or (514) firstname.lastname@example.org
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