UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-KSB


[X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

      For the fiscal year ended December 31, 2005

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      AND EXCHANGE ACT OF 1934

                 Commission file number 000-33399


                   NOVA STAR INNOVATIONS, INC.
          ----------------------------------------------
          (Name of small business issuer in its charter)

              Nevada                             01-0437914
      -----------------------        ------------------------------------
     (State of incorporation)        (I.R.S. Employer Identification No.)


#440, 476 East South Temple, Salt Lake City, Utah             84111
--------------------------------------------------          ----------
(Address of principal executive offices)                    (Zip code)

Issuer's telephone number, including area code:  (801) 323-2395

Securities registered under Section 12(b) of the Exchange Act:  None

Securities registered under Section 12(g) of the Exchange Act:  Common Stock

Check whether the issuer is not required to file reports pursuant to Section
13 or 15(d) of the Exchange Act. [ ]

The issuer (1) filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports) and
(2) has been subject to such filing requirements for the past 90 days.
Yes [X]    No [ ]

Disclosure of delinquent filers in response to item 405 of Regulation S-B is
not contained herein, and will not be contained, to the best of registrant's
knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-KSB or any amendment to this Form
10-KSB. [X]

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).   Yes [X]   No [ ]

State issuer's revenue for its most recent fiscal year:  None.

A market value of the voting stock held by non-affiliates can not be
determined because the registrant does not have an active trading market.

As of February 23, 2006 the registrant had 18,000,000 shares of common stock
outstanding.

Documents incorporated by reference:  None.

Transitional Small Business Disclosure Format: Yes [ ]  No [X]


<PAGE>


                        TABLE OF CONTENTS

                              PART I

Item 1.  Description of Business...........................................3
Item 2.  Description of Property...........................................5
Item 3.  Legal Proceedings.................................................5
Item 4.  Submission of Matters to a Vote of Security Holders...............5

                             PART II

Item 5.  Market for Common Equity and Related Stockholder Matters..........5
Item 6.  Management's Discussion and Analysis or Plan of Operation.........6
Item 7.  Financial Statements..............................................7
Item 8.  Changes In and Disagreements with Accountants on Accounting and
         Financial Disclosure.............................................16
Item 8A. Controls and Procedures..........................................16
Item 8B. Other Information................................................16

                             PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons,
         Compliance with Section 16(a) of the Exchange Act................16
Item 10. Executive Compensation...........................................17
Item 11. Security Ownership of Certain Beneficial Owners and Management
         and Related Stockholder Matters..................................17
Item 12. Certain Relationships and Related Transactions...................18
Item 13. Exhibits.........................................................18
Item 14. Principal Accountant Fees and Services...........................18
Signatures................................................................19



In this registration statement references to "Nova Star," "we," "us," and
"our" refer to Nova Star Innovations, Inc.

        SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission ("SEC") encourages companies to
disclose forward-looking information so that investors can better understand
future prospects and make informed investment decisions.  This report contains
these types of statements.  Words such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "project," or "continue" or comparable terminology
used in connection with any discussion of future operating results or
financial performance identify forward-looking statements.  You are cautioned
not to place undue reliance on the forward-looking statements, which speak
only as of the date of this report.  All forward-looking statements reflect
our present expectation of future events and are subject to a number of
important factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.


                                2

<PAGE>


                              PART I

ITEM 1. DESCRIPTION OF BUSINESS

Historical Development

Nova Star Innovations, Inc. was incorporated in the state of Nevada on
November 6, 2000.  On April 11, 2001, Hystar Aerospace Marketing Corporation
of Maine ("Hystar Maine") completed a change of domicile merger with Nova Star
for the sole purpose of changing Hystar Maine's domicile to the state of
Nevada.  Hystar Maine had been incorporated in the state of Maine on April 25,
1986, as the wholly owned subsidiary of Nautilus Entertainment, Inc., a Nevada
corporation.  Hystar Maine was formed to lease, sell and market the Hystar
airship, a heavy-lift airship, and the Burket Mill, a waste milling device.
However, the venture was found to be cost prohibitive and Hystar Maine ceased
such activities in 1986.  Hystar Maine did not engage in any further
commercial operations.

Our Plan

We are a development stage company and have had no activity for the past two
fiscal years.  Our independent auditors have expressed an opinion that we are
dependent on financing to continue operations.  Our management intends to
merge with or acquire an operating business to create operating revenue.

Our business plan is to seek, investigate, and, if warranted, acquire an
interest in a business opportunity.  Our acquisition of a business opportunity
may be made by merger, exchange of stock, or otherwise.  We have very limited
sources of capital, and we probably will only be able to take advantage of one
business opportunity. As of the date of this filing we have not identified any
business opportunity that we plan to pursue, nor have we reached any
preliminary or definitive agreements or understandings with any person
concerning an acquisition or merger.

Based on current economic and regulatory conditions, management believes that
it is possible, if not probable, for a company like ours, without many assets
or liabilities, to negotiate a merger or acquisition with a viable private
company.  The opportunity arises principally because of the expensive legal
and accounting fees and the length of time associated with the registration
process of "going public."  However, should any of these conditions change, it
is very possible that there would be little or no economic value for anyone
taking over control of Nova Star.

Our search for a business opportunity will not be limited to any particular
geographical area or industry and includes both U.S. and international
companies.  Our management has unrestricted discretion in seeking and
participating in a business opportunity, subject to the availability of such
opportunities, economic conditions and other factors.  Our management believes
that companies who desire a public market to enhance liquidity for current
stockholders, or plan to acquire additional assets through issuance of
securities rather than for cash, will be potential merger or acquisition
candidates.

Our activities are subject to several significant risks which arise primarily
as a result of the fact that we have no specific business and may acquire or
participate in a business opportunity based on the decision of management
which will, in all probability, act without consent, vote, or approval of our
stockholders.

It is possible that the range of business opportunities that might be
available for consideration by us could be limited by the fact that our common
stock is not listed on any market.  We cannot assure you  that a market will
develop or that a stockholder will be able to liquidate his/her/its
investments without considerable delay, if at all.  If a market develops, our
shares will likely be subject to the rules of the Penny Stock Suitability
Reform Act of 1990.  The liquidity of penny stock is affected by specific
disclosure procedures required by this Act to be followed by all
broker-dealers, including but not limited to, determining the suitability of
the stock for a particular customer, and obtaining a written agreement from
the customer to purchase the stock.  This rule may affect the ability of
broker-dealers to sell our securities and may affect the ability of purchasers
to sell our securities in any market.

Investigation and Selection of Business Opportunities

We anticipate that business opportunities will come to our attention from
various sources, including our officers and directors, our stockholders,
professional advisors, such as attorneys and accountants, securities
broker-dealers,


                                3

<PAGE>


investment banking firms, venture capitalists, members of the financial
community and others who may present unsolicited proposals.  Management
expects that prior personal and business relationships may lead to contacts
for business opportunities; however, we have not entered into any direct or
indirect negotiations at the time of this filing with any person, corporation
or other entity regarding any possible business reorganization involving Nova
Star.

The selection of a business opportunity in which to participate is complex and
extremely risky and will be made by management in the exercise of their
business judgement.  There is no assurance that we will be able to identify
and acquire any business opportunity which will ultimately prove to be
beneficial to us and our stockholders.  Should a merger or acquisition prove
unsuccessful, it is possible management may decide not to pursue further
acquisition activities and management may abandon its activities and we may
become dormant or be dissolved.

Our management will analyze the business opportunities; however, none of our
management are professional business analysts.  (See Part III,  Item 9,
below.)  Potential investors must recognize that due to our management's
inexperience we may not adequately evaluate a potential business opportunity.
Our management has had limited experience with mergers and acquisitions of
business opportunities and has not been involved with an initial public
offering.

Certain conflicts of interest exist or may develop between Nova Star and our
officers and directors.  Our management has other business interests to which
they currently devote attention, which include their primary employment, and
Donald R. Mayer is management of other development stage reporting companies
seeking merger candidates.  Our management may be expected to continue to
devote their attention to these other business interests although management
time should be devoted to our business.  As a result, conflicts of interest
may arise that can be resolved only through their exercise of judgement in a
manner which is consistent with their fiduciary duties to us.

A decision to participate in a specific business opportunity may be made upon
our management's analysis of:
..     the quality of the business opportunity's management and personnel,
..     the anticipated acceptability of its new products or marketing concept,
..     the merit of its technological changes,
..     the perceived benefit that it will derive from becoming a publicly held
      entity, and
..     numerous other factors which are difficult, if not impossible, to
      analyze through the application of any objective criteria.

No one factor described above will be controlling in the selection of a
business opportunity.  Management will attempt to analyze all factors
appropriate to each opportunity and make a determination based upon reasonable
investigative measures and available data.  Potential business opportunities
may occur in many different industries and at various stages of development.
Thus, the task of comparative investigation and analysis of such business
opportunities will be extremely difficult and complex.  Potential investors
must recognize that because of our limited capital available for investigation
and management's limited experience in business analysis, we may not discover
or adequately evaluate adverse facts about the business opportunity to be
acquired.

In many instances, we anticipate that the historical operations of a specific
business opportunity may not necessarily be indicative of the potential for
the future because of the possible need to substantially shift marketing
approaches, significantly expand operations, change product emphasis, change
or substantially augment management, or make other changes.  We will be
dependent upon the owners of a business opportunity to identify any such
problems which may exist and to implement, or be primarily responsible for,
the implementation of required changes.

Form of Acquisition

We cannot predict the manner in which we may participate in a business
opportunity.  Specific business opportunities will be reviewed as well as our
needs and desires and those of the promoters of the opportunity.  The legal
structure or method deemed by management to be suitable will be selected based
upon management's review and our relative negotiating strength.  These methods
may include, but are not limited to, leases, purchase and sale agreements,
licenses, joint ventures and other contractual arrangements. We may act
directly or indirectly through an interest in a partnership, corporation or
other forms of organization.  We may agree to merge, consolidate or reorganize
with other corporations or forms of business organizations.


                                4

<PAGE>


We likely will acquire our participation in a business opportunity through the
issuance of common stock or other securities.  Although the terms of any such
transaction cannot be predicted, it should be noted that issuance of
additional shares also may be done simultaneously with a sale or transfer of
shares representing a controlling interest by current principal stockholders.
In addition, our present management and stockholders most likely will not have
control of a majority of our voting shares following a merger or
reorganization transaction. As part of such a transaction, our existing
directors may resign and new directors may be appointed without any vote by
our stockholders.

In the event we merge or acquire a business opportunity, the successor company
will be subject to our reporting obligations.  This is commonly referred to as
a "back door registration."  A back door registration occurs when a
non-reporting company becomes the successor of a reporting company by merger,
consolidation, exchange of securities, acquisition of assets or otherwise.
This type of event requires the successor company to file a current report
with the SEC which provides the same kind of information about the company to
be acquired that would appear in a registration statement, including audited
and pro forma financial statements.  Accordingly, we may incur additional
expense to conduct due diligence and present the required information for the
business opportunity in any report.  Also, the SEC may elect to conduct a full
review of the successor company and may issue substantive comments on the
sufficiency of disclosure related to the company to be acquired.

Competition

We expect to encounter competition in our effort to locate attractive
opportunities from business development companies, venture capital
partnerships and corporations, venture capital affiliates of large industrial
and financial companies, small investment companies, and wealthy individuals.
Many of these persons or entities have significantly greater experience,
resources and managerial capabilities than we do and will be in a better
position than we are to obtain access to attractive business opportunities.
We also will experience competition from other public development stage
companies, many of which may have more funds available for the investigation
and selection of a business opportunity.

Employees

We currently have no employees.  Our management expects to confer with
consultants, attorneys and accountants as necessary.  We do not anticipate a
need to engage any full-time employees so long as we are seeking and
evaluating business opportunities.

ITEM 2. DESCRIPTION OF PROPERTY

We do not currently own or lease any property.  Until we pursue a viable
business opportunity and recognize income, we will not seek office space.

ITEM 3. LEGAL PROCEEDINGS

We are not a party to any proceedings or threatened proceedings as of the date
of this filing.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

We have not submitted a matter to a vote of our shareholders during the fourth
quarter of the 2005 fiscal year.


                             PART II

ITEM 5: MARKET PRICE FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market, Holders and Dividends

Our common stock is not listed on an established trading market.  As of
February 23, 2006 we had 85 shareholders of record holding 18,000,000 common
shares.  We had not paid cash or stock dividends on our common stock.  We



                                5

<PAGE>


have no present plan to pay any dividends, but intend to reinvest our
earnings, if any.

Recent Sales of Unregistered Securities

None.

Issuer Purchase of Securities

None.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

We are a development stage company and have recorded losses since our
inception.  At December 31, 2005, we had no cash and total liabilities of
$15,050.  We cannot satisfy our cash requirements for our operations, which
are related to legal, accounting and professional services required to prepare
and file our reports with the SEC.  We are unable to pay cash for these
services and have relied on third parties to pay for these costs on our
behalf.  These parties have not entered into written agreements guaranteeing
advances and, therefore, these parties are not obligated to provide funds in
the future.  However, management anticipates that these parties will continue
providing advances during the next twelve months.  Historically, we have paid
for these advances by converting the debt into common stock.

Our plan for the next twelve months is to search for a business opportunity
and, if feasible, acquire an interest in a business opportunity.  If we obtain
a business opportunity, then it may be necessary to raise additional capital.
We likely will sell our common stock to raise this additional capital.  We
expect to issue such stock pursuant to exemptions provided by federal and
state securities laws.  The purchasers and manner of issuance will be
determined according to our financial needs and the available exemptions.  We
do not currently intend to make a public offering of our stock.  We also note
that if we issue more shares of our common stock, then our shareholders may
experience dilution in the value per share of their common stock.

ITEM 7. FINANCIAL STATEMENTS






                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (a Development State Company)
                       Financial Statements
                    December 31, 2005 and 2004




                                6


<PAGE>








                             CONTENTS


Independent Auditor's Report ..........................................8

Balance Sheets ........................................................9

Statements of Operations..............................................10

Statements of Stockholders' Equity....................................11

Statements of Cash Flows..............................................12

Notes to the Financial Statements...................................13-15




                                7

<PAGE>




   Chisholm,
     Bierwolf &                                 533 West 2600 South, Suite 250
       Nilson, LLC                                       Bountiful, Utah 84010
                                                         Office (801) 292-8756
Certified Public Accountants                                Fax (801) 292-8809

______________________________________________________________________________



     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and Stockholders
of Nova Star Innovations, Inc. (formerly Hystar Aerospace Marketing
Corporation of Maine)

We have audited the accompanying balance sheets of Nova Star Innovations, Inc.
(formerly Hystar Aerospace Marketing Corporation of Maine) (a development
stage company) as of December 31, 2005 and 2004 and the related statements of
operations, stockholders' equity and cash flows for the years then ended and
from inception on April 25, 1986 through December 31, 2005.  These financial
statements are the responsibility of the Company's management.  Our
responsibility is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with the standards of the P.C.A.O.B.
(United States).  Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial statements are free
of material misstatement.  The Company is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting.
Our audit included consideration of internal control over financial reporting
as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Company's internal control over financial reporting.
Accordingly, we express no such opinion.   An audit also includes assessing
the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation.  We
believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Nova Star Innovations, Inc.
(formerly Hystar Aerospace Marketing Corporation of Maine) (a development
stage company) as of December 31, 2005 and 2004 and the results of its
operations and cash flows for the years ended December 31, 2005 and 2004 and
from inception April 25, 1986 through December 31, 2005 in conformity with
generally accepted accounting principles in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  The Company has suffered recurring
losses from operations which raises substantial doubt about its ability to
continue as a going concern.  Management's plans in regard to these matters
are described in Note 2.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.


/S/ Chisholm, Bierwolf & Nilson

Chisholm, Bierwolf & Nilson
Bountiful, Utah
March 2, 2006

                                8

<PAGE>




                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                          Balance Sheets


                              ASSETS

                                                         December 31
                                                 ----------------------------
                                                      2005          2004
                                                 ------------- --------------

CURRENT ASSETS

Cash                                             $          -  $           -
                                                 ------------- --------------

  TOTAL ASSETS                                   $          -  $           -
                                                 ============= ==============


               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable                                 $     15,050  $      10,000
                                                 ------------- --------------

  Total Liabilities                                    15,050         10,000
                                                 ------------- --------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 20,000,000
  shares authorized; 18,000,000 shares
  issued and outstanding                               18,000         18,000

Additional Paid-in Capital                              9,000          9,000

Deficit Accumulated during the development stage      (42,050)       (37,000)
                                                 ------------- --------------

  Total Stockholders' Equity                          (15,050)       (10,000)
                                                 ------------- --------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $          -  $           -
                                                 ============= ==============



The accompanying notes are an integral part of these financial statements


                                9

<PAGE>




                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                     Statements of Operations


                                                              From
                                     For the Years Ended      Inception on
                                         December 31          April 25, 1986
                                      2005         2004       to Dec. 31, 2005
                                 ------------- -------------- ----------------

REVENUES                         $          -  $           -  $             -
                                 ------------- -------------- ----------------
EXPENSES

  General & Administrative              5,050          5,000           42,050
                                 ------------- -------------- ----------------

    TOTAL EXPENSES                      5,050          5,000           42,050
                                 ------------- -------------- ----------------

NET INCOME (LOSS)                $     (5,050) $      (5,000) $       (42,050)
                                 ============= ============== ================

NET LOSS PER SHARE               $          -  $           -  $         (0.00)
                                 ============= ============== ================
WEIGHTED AVERAGE SHARES
  OUTSTANDING                      18,000,000     18,000,000       17,105,299
                                 ============= ============== ================



The accompanying notes are an integral part of these financial statements


                                10

<PAGE>



                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                Statements of Stockholders' Equity
    From Inception on April 25, 1986 through December 31, 2005

                                                                  Deficit
                                                                  Accumulated
                                                      Additional  During the
                                   Common  Stock      Paid in     Development
                                Shares      Amount    Capital     Stage
                            ------------- ----------- ----------- ------------
Issuance of shares for
 marketing rights at
 inception                    17,000,000  $   17,000  $        -  $         -

Net (loss) for the year
 ended December 31, 1986               -           -           -      (17,000)
                            ------------- ----------- ----------- ------------
Balance - December 31, 1986   17,000,000      17,000           -      (17,000)

Net income (loss) for the
 years ended  December 31,
 1987 thru December 31, 2000           -           -           -            -
                            ------------- ----------- ----------- ------------
Balance - December 31, 2000   17,000,000      17,000           -      (17,000)

Net (loss) for the year
  ended December 31, 2001              -           -           -            -
                            ------------- ----------- ----------- ------------
Balance - December 31, 2001   17,000,000      17,000           -      (17,000)

Net (loss) for the year
 ended December 31, 2002               -           -           -       (5,000)
                            ------------- ----------- ----------- ------------
Balance - December 31, 2002   17,000,000      17,000           -      (22,000)

Common stock issued for
 services at $.01 per share    1,000,000       1,000       9,000            -

Net (loss) for the year
 ended December 31, 2003               -           -           -      (10,000)
                            ------------- ----------- ----------- ------------
Balance - December 31, 2003   18,000,000      18,000       9,000      (32,000)

Net (loss) for the year
 ended December 31, 2004               -           -           -       (5,000)
                            ------------- ----------- ----------- ------------
Balance - December 31, 2004   18,000,000      18,000       9,000      (37,000)

Net (loss) for the year
 ended December 31, 2005               -           -           -       (5,050)
                            ------------- ----------- ----------- ------------

Balance - December 31, 2005   18,000,000  $   18,000  $    9,000  $   (42,050)
                            ============= =========== =========== ============



The accompanying notes are an integral part of these financial statements

                                11

<PAGE>

                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                     Statements of Cash Flows


                                                                From
                                                                Inception on
                                                                April 25, 1986
                                       For the Years Ended      Through
                                           December 31          December 31,
                                       2005            2004     2005
                                   ------------- -------------- --------------
Cash Flows from Operating Activities

  Net Loss                         $     (5,050) $      (5,000) $     (42,050)
  Less  Non-cash Items:
  Increase in Accounts Payable            5,050              -         15,050
  Shares issued for services                  -          5,000         10,000
  Depreciation & Amortization                 -              -         17,000
                                   ------------- -------------- --------------
  Net Cash Provided (Used) by
    Operating Activities                      -              -              -
                                   ------------- -------------- --------------

Cash Flows from Investing Activities          -              -              -
                                   ------------- -------------- --------------
  Net Cash Provided (Used) by
    Investing Activities                      -              -              -
                                   ------------- -------------- --------------

Cash Flows from Financing Activities          -              -              -
                                   ------------- -------------- --------------
  Net Cash Provided (Used) by
    Financing Activities                      -              -              -
                                   ------------- -------------- --------------

Increase (Decrease) in Cash                   -              -              -

Cash and Cash Equivalents at
  Beginning of Period                         -              -              -
                                   ------------- -------------- --------------
Cash and Cash Equivalents at
  End of Period                    $          -  $           -  $           -
                                   ============= ============== ==============

Supplemental Non-Cash Flow Information:

Stock issued for marketing rights  $          -  $           -  $      17,000

Cash Paid For:
  Interest                         $          -  $           -  $           -
  Income Taxes                     $          -  $           -  $           -



The accompanying notes are an integral part of these financial statements.

                                12

<PAGE>


                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                Notes to the Financial Statements
                    December 31, 2005 and 2004


NOTE 1 - Summary of Significant Accounting Policies

     a.   Organization

          The Company was incorporated in Maine on April 25, 1986 to lease,
sell, and market airships and the Burkett Mill, a waste milling device, which
rights were acquired from VIP Worldnet, Inc. initially the only shareholder,
The technology to further develop the airship and the mill by the parent
company proved to be prohibitive, and shortly after the acquisition of the
marketing rights further activity ceased.  The Company has been inactive since
that date.

          On April 11, 2001, the Company merged with Nova Star Innovations,
Inc.  (Nova Star), a Nevada corporation, in a domicile merger.  Pursuant to
the merger, Hystar ceased to exist and Nova Star became the surviving
corporation.

     b.   Accounting Method

          The Company recognizes income and expense on the accrual basis of
accounting.

     c.   Earnings (Loss) Per Share

          The computation of earnings per share of common stock is based on
the weighted average number of shares outstanding at the date of the financial
statements.
                                        Income (loss)    Shares      Per Share
                                         (Numerator)  (Denominator)   Amount
                                        ------------- ------------- ----------
For the year ended December 31, 2005:
  Basic EPS
  Income (loss) to common stockholders  $     (5,050)   18,000,000  $   (.00)
                                        ============= ============= ==========
For the year ended December 31, 2004:
  Basic EPS
  Income (loss) to common stockholders  $     (5,000)   18,000,000  $   (.00)
                                        ============= ============= ==========
From inception on April 25,1986 to
December 31, 2005:
  Basic EPS
  Income (loss) to common stockholders  $   (42,050)   17,105,299   $   (.00)
                                        ============= ============= ==========


                                13

<PAGE>


                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                Notes to the Financial Statements
                    December 31, 2005 and 2004


NOTE 1 - Summary of Significant Accounting Policies (continued)

     d.  Cash and Cash Equivalents

         The Company considers all highly liquid investments with maturities
of three months or less to be cash equivalents.

     e.  Provision for Income Taxes

         No provision for income taxes have been recorded due to net operating
loss carryforwards totaling $42,000 that will be offset against future taxable
income.  These NOL carryforwards began to expire in the year 2003.  No tax
benefit has been reported in the financial statements because the Company
believes there is a 50% or greater chance the carryforward will expire unused.

         Deferred tax asset and the valuation account is as follows as
December 31, 2005 and 2004:
                                                         December 31,
                                                      2005          2004
                                                 -------------- -------------
     Deferred tax asset:
          NOL carryforward                       $       8,517  $      6,800
          Valuation allowance                           (8,517)       (6,800)
                                                 -------------- -------------
                                                 $           -  $          -
                                                 ============== =============

     f.  Use of estimates

         The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period.  Actual results could differ from those estimates.


NOTE 2 - Going Concern

         The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern.  The Company has no assets
and has had recurring operating losses for the past several years and is
dependent upon financing to continue operations.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.  It is management's plan to find an operating company to merge
with, thus creating necessary operating revenue.



                                14


<PAGE>

                   Nova Star Innovations, Inc.
    (formerly Hystar Aerospace Marketing Corporation of Maine)
                  (A Development Stage Company)
                Notes to the Financial Statements
                    December 31, 2005 and 2004


NOTE 3 - Stockholders' Equity

         In 1986, the Company issued 17,000,000 shares of common stock for the
marketing rights to an airship and a waste milling device.  The value of this
issuance was $17,000.

         During 2003, the Company issued 1,000,000 shares of common stock for
services rendered valued at $10,000 (or $.01 per share).


NOTE 4 - Development Stage Company

         The Company is a development stage company as defined in Financial
Accounting Standards Board Statement No. 7.  It is concentrating substantially
all of its efforts in raising capital and searching for a business operation
with which to merge, or assets to acquire, in order to generate significant
operations.


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<PAGE>

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

In our current report dated February 9, 2004, we reported that our independent
auditors, Chisholm & Associates, Certified Public Accountants, resigned as our
independent auditors and we engaged Chisholm, Bierwolf & Nilson, LLC,
Certified Public Accountants, as our independent auditors.

ITEM 8A.  CONTROLS AND PROCEDURES

Our President, who acts in the capacities of our principal executive officer
and principal financial officer, evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this report.
Based on that evaluation, he concluded that our disclosure controls and
procedures were effective.

He also determined that there were no changes made in our internal controls
over financial reporting during the fourth quarter of 2005 that have
materially affected, or are reasonably likely to materially affect our
internal control over financial reporting.

ITEM 8B. OTHER INFORMATION

None.

                             PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS,
        COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

Our executive officers and directors, their respective ages and biographical
information are presented below.  Our bylaws require two directors who serve
until our next annual meeting or until each is succeeded by a qualified
director.  Our executive officers are appointed by our Board of Directors and
serve at its discretion.  There are no existing family relationships between
or among any of our executive officers or directors.

Name                 Age     Position Held                  Director Since
--------            -----    ----------------               --------------
Mark S. Clayton      48      President, Director            July 5, 2000
Donald R. Mayer      66      Secretary/Treasurer, Director  October 20, 2000


Mark S. Clayton - Mr. Clayton is the owner and President of Fitness Equipment
Source which wholesales exercise equipment.  He has operated that business for
over 10 years.  He graduated from the University of Utah in 1980 with a
bachelor's degree in business management.

Donald R. Mayer - Mr. Mayer is the President and a director of Universal
Business Insurance, an insurance company that he founded.  He has worked in
the insurance industry for over twenty years, specializing in the motel/hotel
industry.  He is a director of WorldNet, Inc. of Nevada and Globalwise
Investments, Inc., development stage reporting companies.  He graduated from
the University of Utah, located in Salt Lake City, Utah, with a bachelors
degree in accounting.

Audit Committee Financial Expert

Because we have minimal operations we do not have an audit committee serving
at this time, nor do we have an audit committee financial expert serving on an
audit committee.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Securities Exchange Act of 1934 requires our directors,
executive officers and persons who own more than ten percent of a registered
class of our equity securities, to file with the Securities and Exchange



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 <PAGE>


Commission initial reports of ownership and reports of changes in ownership of
our common stock. Officers, directors and greater than ten-percent beneficial
owners are required by SEC regulations to furnish us with copies of all
Section 16(a) reports they file.  We believe no reports were required to be
filed during the past fiscal year.

Code of Ethics

Due to the fact that we have minimal operations, we have not adopted a code of
ethics for our principal executive and financial officers.  Our board of
directors will revisit this issue in the future to determine if adoption of a
code of ethics is appropriate.  In the meantime, our management intends to
promote honest and ethical conduct, full and fair disclosure in our reports to
the SEC, and compliance with applicable governmental laws and regulations.

ITEM 10. EXECUTIVE COMPENSATION

None of our named executive officers received any cash compensation, bonuses,
stock appreciation rights, long term compensation, stock awards or long-term
incentive rights, in excess of $100,000, from us during the past three fiscal
years.  Mr. Clayton, our President, who acts in the capacity of chief
executive officer, did not receive compensation during fiscal year 2005.  We
have not entered into employment contracts with our executive officers and
their compensation, if any, will be determined at the discretion of our Board
of Directors.

Compensation of Directors

We do not have any standard arrangement for compensation of our directors for
any services provided as director; including services for committee
participation or for special assignments.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
         AND RELATED STOCKHOLDER MATTERS

Securities Under Equity Compensation Plans

We do not have any securities authorized for issuance under any equity
compensation plans.

Beneficial Ownership

The following table sets forth the beneficial ownership of our outstanding
common stock by our management and each person or group known by us to own
beneficially more than 5% of our outstanding common stock.  Beneficial
ownership is determined in accordance with SEC rules and regulations, which
generally requires voting or investment power with respect to securities.
Except as indicated by footnote, the persons named in the table below have
sole voting power and investment power with respect to all shares of common
stock shown as beneficially owned by them.  The percentage of beneficial
ownership is based on 18,000,000 shares of common stock outstanding as of
February 23, 2006.

                    CERTAIN BENEFICIAL OWNERS

Name and Address of             Number of Shares of
Beneficial Owners               Common Stock             Percentage of Class
---------------------------     --------------------     --------------------

VIP Worldnet, Inc.                15,010,450 (1)               83.3%
154 E.  Ford Avenue
Salt Lake City, Utah 84124

First Equity Holdings Corp.        1,000,000                    5.5%
2157 S. Lincoln Street
Salt Lake City, Utah 84106


                                17

<PAGE>

    (1)     VIP Worldnet, Inc. holds 15,000,000 shares and one of its
            directors and officers, Joanne Clinger,  beneficially owns 10,450
            shares of our common stock.


                            MANAGEMENT

Name and Address of            Number of Shares of
Beneficial Owners              Common Stock             Percentage of Class
-------------------------      --------------------     -------------------

Donald R. Mayer                       234,200                1.3%
655 East 4500 South, Suite 170
Salt Lake City, Utah 84107


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

We have not engaged in any transactions in excess of $60,000 during the past
two years involving our executive officers, directors, more than 5%
stockholders or immediate family members of such persons.

Our parent company, VIP Worldnet, Inc., beneficially owns 15,010,450 shares of
our common stock which represents 83.3% of our issued and outstanding shares.

ITEM 13. EXHIBITS

No.     Description
----    -----------
3.1     Articles of Incorporation (Incorporated by reference to exhibit 3.1 to
        Form 10-SB, filed December 10, 2001)
3.3     Bylaws (Incorporated by reference to exhibit 3.2 to Form 10-SB, filed
        December 10, 2001)
31.1    Principal Executive Officer Certification
31.2    Principal Financial Officer Certification
32.1    Section 1350 Certification


ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Accountant Fees

The following table presents the aggregate fees billed for each of the last
two fiscal years by our principal accountant, Chisholm, Bierwolf & Nilson LLC,
Certified Public Accountants, in connection with the audit of our financial
statements and other professional services rendered by that firm.

                                   2005           2004
                                ----------     ---------
     Audit fees                 $    1,488     $    1389
     Audit-related fees                  0             0
     Tax fees                            0             0
     All other fees             $        0     $       0

Audit fees represent the professional services rendered for the audit of our
annual financial statements and the review of our financial statements
included in quarterly reports, along with services normally provided by the
accountant in connection with statutory and regulatory filings or engagements.
Audit-related fees represent professional services rendered for assurance and
related services by the principal accountant that are reasonably related to
the performance of the audit or review of our financial statements that are
not reported under audit fees.

Tax fees represent professional services rendered by the principal accountant
for tax compliance, tax advice, and tax planning.  All other fees represent
fees billed for products and services provided by the principal accountant,
other


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<PAGE>



than the services reported for the other categories.

Pre-approval Policies

We do not have an audit committee currently serving and as a result our board
of directors performs the duties of an audit committee.  Our board of
directors will evaluate and approve in advance the scope and cost of the
engagement of an auditor.  We do not rely on pre-approval policies and
procedures.


                            SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned who is duly
authorized.


                                   NOVA STAR INNOVATIONS, INC.


                                    /s/ Mark S. Clayton
Date: March 27, 2006            By: __________________________________
                                    Mark S. Clayton
                                    President

In accordance with the Exchange Act, this report has been signed below by the
following person on behalf of the registrant and in the capacities and on the
dates indicated.



                                   /s/ Mark S. Clayton
Date: March 27, 2006               __________________________________
                                   Mark S. Clayton
                                   Principal Executive Officer
                                   Principal Financial and Accounting Officer







Date: March 27, 2006               /s/ Donald R. Mayer
                                   _______________________________________
                                   Donald R. Mayer
                                   Secretary/Treasurer and Director




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