TSX Venture Exchange Symbol: SNA
TORONTO, Oct. 25 /CNW/ - Star Navigation Systems Group Ltd. ("Star"),
developer of the In-Flight Safety Monitoring System ("ISMS"(TM)), is pleased
to announce a sales agreement with Zain Aviation.
Viraf Kapadia, Star Navigation CEO, stated, "Star is encouraged by the
sale and looks forward to increasing its overall sales in the region."
Zain Aviation Services-FZC (ZASCO) ("Zain") has agreed to purchase a
Communications System and a Cabin Information System from Star for its new
aircraft and Star has already received a purchase order from Zain with respect
to this installation.
This deal further establishes Star in the U.A.E. At the same time Star is
also increasing its efforts in Europe and North America.
Zain, based in Sharjah, U.A.E., is involved in aircraft leasing,
chartering & maintenance services and also operates an air taxi service.
About Star Navigation
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the
worldwide license to its proprietary, patented In-flight Safety Monitoring
System - ISMS(TM), 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.
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
%SEDAR: 00009078E
