TORONTO, ONTARIO -- (Marketwired) -- 02/06/15 -- Star Navigation Systems Group Ltd. ("Star" or the "Company") (TSX VENTURE: SNA)(OTCBB:SNAVF ) is very pleased to announce the appointment of Mr. Abdul Mawji to the Board of Directors of the Company.
Mr. Mawji is a Chartered Professional Accountant and Certified Management Accountant with over 15 years of senior financial and operational management experience in the software, technology, telecommunications, manufacturing/assembly, healthcare and retail industries. He has been appointed Chair of the Audit Committee of the Company, in addition to his participation in the Compensation and Corporate Governance and HR/Strategic Planning Committees.
The Company very much looks forward to Mr. Mawji's advice and guidance in the future.
In accordance with current Company policy, Mr. Mawji will be granted 300,000 options to purchase common shares of the Company @ $0.10, vesting over one year, expiring November 26, 2017 subject to TSX-V approval.
About Star Navigation: (www.star-navigation.com)
Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.™ System. It 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. 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.
Star's MMI Division designs and manufactures high performance mission critical flight deck, flat panel displays for defence and commercial aviation industries worldwide.
Certain statements contained in this News Release may 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.
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.
Star Navigation Systems Group Ltd.
(416) 252-2889 Ext. 230
Frontier Merchant Capital Group