TORONTO, Jan. 5 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to assist aviation operators worldwide, is pleased to announce two additional sales of its STAR-ISMS (TM) Lite Flight Tracking and Communication technology units to SkyLink Aviation Inc. (www.skylinkaviation.com). This brings the total SkyLink order to 33.
STAR-ISMS(TM) Lite provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities.
Revenue generated is as set forth in our press release of August 29, 2008, on a pro-rata basis.
Dale F. Sparks, Star's Chief Technology Officer said, "SkyLink Aviation Inc. operates in Afghanistan, an extremely challenging environment. Our relationship with SkyLink started in late 2007, and the continuing addition of STAR-ISMS (TM) Lite units to their fleet is most gratifying. To me, it speaks to both the quality of the units themselves, and to the dedication of our personnel."
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.
SOURCE STAR NAVIGATION SYSTEMS GROUP LTD.
For further information: For further information: Please visit www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889, firstname.lastname@example.org; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation; E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation