TSX Venture Exchange Symbol: SNA
TORONTO, Aug. 10 /CNW/ - Star Navigation Systems Group Ltd. ("Star)
announces that Capital Transfer Agency Inc. has been appointed as its
Registrar and Transfer Agent. Effective June 29, 2007, Capital Transfer Agency
Inc. replaced Computershare Trust Company of Canada as registrar and transfer
agent for Stars' common shares, as well as Escrow Agent for certain of the
common shares of the Company.
All inquiries and correspondence relating to shareholder records,
transfer of shares, lost certificates or change of address should be directed
Capital Transfer Agency Inc. Phone: 416 350-5007
390 Bay St., Suite 2020, Fax: 416 350-5008
Toronto, Ontario E-mail: email@example.com
M5H 2Y2 Web: www.capitaltransferagency.com
Attention: Sandra Presnail
As announced earlier, Messrs. David Tsubouchi and Ben Soave have joined
the Board of Directors of Star. Each has been granted 300,000 options to
purchase common shares of the Company. The options are exercisable at $0.15
each, vest over a period of 12 months and expire May 1, 2010.
Star also announces that Mr. John MacKenzie, COO, has resigned effective
July 20, 2007, to pursue other interests. John will remain available to Star
on a consulting basis. Star thanks him for his contributions and wishes him
well in his future endeavours.
In connection with Star's ongoing Management Operations Review, Star has
engaged Mr. Frank Miele, Management Consultant, to review management
requirements, procedures and operations. Frank is well known for his
administrative abilities and management skills which will strengthen Star's
position in the global marketplace.
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.
For further information:
For further information: www.star-navigation.com or contact: Derek
Sutherland, Inv. Relations, Sutherland_derek@yahoo.com, Tel. (416) 907-6287