Private Placement Closed
Star Navigation Systems Group Ltd. (SNA) ("Star" or the "Company"), is pleased to announce that it will be exhibiting its STAR-ISMS(TM) system at the Dubai Airshow, November 15-19, 2009. The Dubai Airshow is a significant bi-annual oppourtunity for the aviation community to meet, showcase their products and services, and build relationships and sales.
Based on patented technology to which Star owns the exclusive worldwide license, Star's STAR-ISMSTM system is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground.
Star's new video presentation is available at
www.youtube.com/StarNavLtd
The private placement announced by the Company November 4, 2009, has now received final acceptance from the TSX Venture Exchange.
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.
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.
Please visit www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889,
viraf.kapadia@star-navigation.com or AGORACOM Investor Relations, IR HUB,
http://www.agoracom.com/ir/StarNavigation E-mail all questions and correspondence
SNA@agoracom.com
