TORONTO, ONTARIO--(Marketwired - Dec. 5, 2013) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), is pleased to announce its attendance at two major events.
The biennial Dubai Airshow took place at Dubai World Central in November, attended by over 60,000 trade visitors and 1700 International and Regional media. Star had an opportunity to showcase our STAR-A.D.S.™ system to various airlines, executives and MRO's. The highlight of the show was the signing of a sales agreement with AlMasria Universal Airlines (see Press Release November 25, 2013).
In October, a Star team attended the National Business Aviation Association (NBAA) Convention and Exhibition in Las Vegas. Star is pleased to report that we made some important connections and are developing relationships that we hope to formalize soon.
The Company is also pleased to announce that it has retained the services of Renmark Financial Communications Inc. to support its investor relations activities.
"We are pleased to announce that we have selected Renmark to reinforce Star's profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Viraf Kapadia, CEO of Star Navigation Systems Group Ltd.
In consideration of the services to be provided, Star Navigation Systems Group Ltd. has agreed to a monthly agreement with a monthly retainer of $4,000 for IR services and a monthly agreement with a monthly retainer of $2,000 for media services to Renmark Financial Communications Inc.
Renmark Financial Communications Inc. does not have any interest, directly or indirectly, in Star Navigation Systems Group Ltd. or its securities, or any right or intent to acquire such an interest.
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.
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