Star Navigation Announces Option Grant

About this update from Star Navigation Systems Group Ltd.

[{"type":"text","content":"\n\n\n\nTSX Venture Exchange Symbol: SNA\n\n\nTORONTO, May 9 /CNW/ - Star Navigation Systems Group Ltd. (TSX: SNA-V)\n("Star" or the "Company") is pleased to announce that, pursuant to the terms\nand conditions of the Company's stock option plan, Dale F. Sparks, Star's\nChief Technology Officer, has been granted 300,000 options to purchase common\nstock in the Company. These stock options carry an exercise price of $0.15 and\nexpire in five years. Mr. Sparks, part of the original development team\nresponsible for Star's In-Flight Safety Monitoring System, rejoined Star in\nJanuary of last year. His contributions to date have been significant.\n\n\nAbout Star Navigation: Star Navigation Systems Group Ltd.\n(www.star-navigation.com) owns the exclusive worldwide license to its\nproprietary, patented In-flight Safety Monitoring System, the first system in\nthe world to feature in-flight data-analysis, monitoring and diagnostics with\na real-time connection between aircraft and ground. Its real-time capability\nof tracking performance-trends and predicting incident-occurrence enhances\naviation safety and improves fleet management while reducing costs for the\noperator.\n\n\nCertain statements contained in this News Release constitute \nforward-looking statements. When used in this document, the words "may",\n"would", "could", "will" and similar expressions, as they relate to Star or\nits management are intended to identify forward-looking statements. Such\nstatements reflect Star's current views with respect to future events and are\nsubject to certain risks, uncertainties and assumptions. Many factors could\ncause Star's actual performance or achievements to vary from those described\nherein. Should one or more of these factors or uncertainties materialize, or\nshould assumptions underlying forward-looking statements prove incorrect,\nactual results may vary materially from those described herein as intended,\nplanned, anticipated, believed, estimated or expected. Star does not assume\nany obligation to update these forward-looking statements.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of the content of this news\n\n\nrelease.\n\n\n%SEDAR: 00009078E\n\n\n","length":2369,"tagName":"div"}]

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