TORONTO, May 16 - Star Navigation Systems Group Ltd. ("Star Navigation") (SNA: TSX-V) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.
ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANY
In response to overwhelming data representing the online research and communications habits of small-cap investors, Star Navigation has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.
Effective June 2, 2008, a customized and monitored Star Navigation IR HUB will be available on AGORACOM at (http://www.agoracom.com/IR/StarNavig... ). The IR HUB will allow both the Company and AGORACOM to communicate with all investors simultaneously, anytime and in near real-time. Our new IR HUB will also provide management with an ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts.
LAUNCH OF STAR NAVIGATION COMMUNITY
The Star Navigation IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders.
TIER-1 EXPOSURE AND AWARENESS
As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to AOL Finance Canada, Globe Investor and every Blackberry device on the planet, as well as, the producer of the Yahoo! Finance Canada Small Cap Show, AGORACOM will provide Tier-1 financial coverage of all newsworthy Star Navigation press releases for the purposes of attracting new and prospective shareholders
Star Navigation Chairman & CEO, Viraf Kapadia stated, "I believe the time has now come to significantly increase our communications with both existing shareholders and the massive online small-cap community of investors that are searching for their next technology investment. I strongly encourage our shareholders to begin taking advantage of our new online IR system, which demonstrates we are a fully accessible organization with a great story to tell."
For all future Star Navigation investor relations needs, investors are asked to visit our IR Hub at http://www.agoracom.com/IR/StarNavig... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors.
The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - $5,000. Stock Options - 400,000 shares at $CDN .15 per share; This agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario.
About AGORACOM
AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 200 companies since 1997.
AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 0.2% of all websites around the world.
About Star Navigation Systems Group Ltd.
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.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
Contacts
Corporate Inquiries
www.star-navigation.com
Viraf Kapadia
CEO
e-mail: viraf.kapadia@star-navigation.com
Investor Relations
AGORACOM Investor Relations
SNA@agoracom.com
http://www.agoracom.com/IR/StarNavig...
