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NEWS ! -->;   |  NEIK: Northstar Electronics Ltd.  joint venture company, Northstar Sealand Enterprises Ltd., announces progress in negotiations and new market areas ....... 


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 (TEMPORARY WEBSITE WHILE NEW SITE BEING BUILT)

 

STOCK SYMBOL: NEIK.OTC


MARCH 2015

NORTHSTAR ELECTRONICS, INC.-COMPANY OVERVIEW  

Northstar Electronics, Inc. is a Delaware incorporated company, working in the aviation, defense, and marine industries.  The Company listed on the OTCBB under the symbol NEIK in 2000 and is currently trading on OTC Markets.

BRIEF HISTORY

Northstar began operations in the late 1990’s by developing an innovative underwater sonar system for the international commercial fishing industry.  Shortly after, in 2000, the Company was awarded a contract from Lockheed Martin MS2 for the assembly of Command and Control consoles for the Canadian Navy’s submarines.  This was followed by Northstar being invited to be a junior partner on Lockheed Martin’s team for the pursuit of a $3.2B military helicopter contract. This venture opened new relationships for Northstar within their company.

Lockheed Martin then contracted Northstar to develop and build the underwater portion of an anti-terrorism sonar system, designed to protect aircraft carriers and other ships of the US Navy from terrorist diver attacks.  This was a major effort and Northstar successfully accomplished the work in the required short timeframe.  

Lockheed Martin subsequently awarded Northstar the first of two contracts, together worth approximately $16M, to manufacture a number of small mechanical parts for C130 (Hercules) aircraft that were being refurbished. Also, a subsidiary of L3 Communications awarded Northstar a contract, which grew to about $4M, to manufacture Command and Control consoles for navy frigates.  Northstar’s revenues reached over $4M in 2009.   

Our efforts over the past year have been aimed at turning Northstar around and injecting new energy into it. We are now working to expand into aviation manufacturing and distribution.

NEWS UPDATE

Northstar Electronics’s joint venture company with Sealand Aviation, Northstar Sealand Enterprises Ltd. (NSEL) , is working to secure licence/distributor agreements with an Original Equipment Manufacturer (OEM) to assemble, certify, manufacture,

service, repair, and market a new version of a turboprop single engine airplane for the North American and other markets. The airplane is used in multi-purpose commercial applications in a growing market.

    
Since the last update, solid progress has been made on fundamental matters, and we are currently working to complete financial and contractual arrangements. We have gained additional market areas since our last update, which will add considerably to

our potential sales. We are updating our market research and planning new sales strategies to generate orders from these multiple new markets.

Work is progressing on Northstar’s intent to become current with its SEC reporting in as short a time frame as possible.


As we stated previously, once we achieve our objectives, we believe that the stock price will respond favorably and that it could reach a reasonable and stable price range.

NORTHSTAR INVESTMENT OPPORTUNITY

Northstar is currently raising funds through a Convertible Preferred Share offering. The funds will be used to complete the work required to become current with the Company’s SEC filings, to return to the OTCQB trading platform, and for working capital for the current phase of our planned new aviation business.

For details on this stock offering (Term Sheet, Subscription Agreement, Examples of Return On Investment), please email: 

Wilson Russell, President, at wrussell@northstarelectronics.com .

 

About Northstar Electronics Inc.

 

Northstar has a long history of developing and manufacturing defense and commercial electronic and mechanical systems. The company is now being restructured to go forward with a renewed focus on the development of a new aviation business and carry out work to develop innovative sonar systems. In addition to a small number of internal personnel, Northstar's new business model utilizes outside expert associates to ensure that we have world class talent working on our projects.

This website contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, in future press releases.

Safe Harbor: Within this website are forward-looking statements within the meaning of Section 27A of the Securities Act 1993, as amended, and Section 21E of the Securities Exchange Act 1934, as amended, and is subject to safe harbor created by those sections. Although Company believes such expectations reflected in forward-looking statements are reasonable, it can give no assurance that expectations reflected in forward-looking statements will prove correct.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this website contains forward looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

 

INVESTOR RELATIONS

Contact:   Richard Kaiser       

               Investor Relations

               YES INTERNATIONAL

               757-306-6090

              yes@yesinternational.com

              www.yesinternational.com