November 21, 2012 17:00 ET
TORONTO, ONTARIO--(Marketwire - Nov. 21, 2012) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle 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 company. 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 $5,000 for IR services and a monthly agreement with a monthly retainer of $2,500 for media services with 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.
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.Roger S. PeacockCorporate Secretary(416) firstname.lastname@example.orgRenmark Financial Communications Inc.Bettina Filippone(416) 644-2020 or (514) email@example.comRenmark Financial Communications Inc.Maurice Dagenais(416) 644-2020 or (514) firstname.lastname@example.orgMedia - Renmark Financial Communications Inc.Guy Hurd(416) 644-2020 or (514) email@example.com
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