Iridian/Roadshow comes to Life

An original six year old IASA concept is pressed into service commercially with a vast potential to firmly resolve the causes of accidents - and even to avoid some.

TORONTO, Sept. 19 /CNW/ - Star Navigation Systems Group Ltd.
("Star Navigation") (TSX Venture: SNA), is pleased to announce that it has completed a non-brokered private placement totaling $760,000 CDN.

The private placement comprised of the issuance of 3,040,000 common shares and an equal amount of warrants entitling the holder the right to purchase one additional share at $0.45 for a term of one year. Shares issued are restricted from trading until January 16, 2006. Proceeds are for general working capital and for Star Navigation's continuing global expansion.

Increased marketing and sales efforts have resulted in key contracts and alliances for the Company over the past two months, including: acceleration of the $9 Million SpiceJet contract; a joint marketing agreement with UK-based Russell Adams Ltd.; and a $2.5 Million contract with Club One Aviation.

World events have moved Star Navigation firmly onto the industry's radar screen. Commercial airline crashes in Toronto, Greece and South America last month resulted in numerous safety-related inquiries from around the world from airlines, government agencies, and the media. Rising fuel costs are propelling interest in the cost-saving benefits of Star Navigation's In-Flight Safety Monitoring System -- ISMS(TM).

"We are in continuing discussion with airlines and aviation companies around the world," said Company Chairman and CEO Viraf Kapadia. "Our proprietary technology enhances safety, increases profitability and reduces maintenance costs. Our efforts are focused on the global opportunity to provide solutions for currently unmet needs of the aviation industry."

A finder's fee totaling $71,300 was paid to various parties in connection with the private placement.

About Star Navigation...

Star Navigation Systems Group Ltd. ( owns the worldwide license to a product without peer, 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.
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