Northstar Electronics, Inc. (NEIK) Begins Filing Reports to Become Current with U.S. SEC, Provides Business Update
March 10 2016 - 4:05PM
Access Wire
VIRGINIA BEACH, VA / ACCESSWIRE / March 10, 2016
/ Northstar Electronics, Inc. (OTC: NEIK), a product
development company, working in the aviation, defense, and marine
industries, provides an update on its current activities.
The Company filed an amended 10K for the year 2011 on March 8,
2016 and management is now working to file the 2012, 2013 and 2014
year ends as one filing. This filing, as well as, the 2015 10K for
the period ending December 31, 2015, should bring the Company
current on its filings under the 1933 Act. Once current, the
Company intends to apply for its stock to up-list to the OTCQB
trading platform. Once there, management believes the credibility
of the OTCQB listing will be an advantage for the Company when
dealing with institutional investors.
NEIK continues to work towards an agreement with an
international aerospace company for the rights to a turbo prop
single engine commercial airplane. With an agreement in place,
Northstar's subsidiary, Northstar Sealand Enterprises Ltd. (NSEL),
plans to initiate its primary activities including a strong
marketing campaign to introduce the new version of the airplane to
high prospect areas internationally.
Northstar will shortly be actively pursuing a capital raise to
be utilized mainly for NSEL's operational needs and enhancements to
present production capabilities, and for Northstar's public company
obligations in addition to assisting NSEL in new business
developments. Management is focused on raising working capital
through non-dilutive methods.
For further information about this release, contact, Rich
Kaiser, Investor Relations, Yes International, 757-306-6090,
yes@yesinternational.com.
For Corporate Communications, contact Eddie Cruz, Cruz Capital
Advisors, 800-972-1656.
About Northstar Electronics, Inc.
Northstar was established in the late 1990's. The company has
carried out design and manufacturing contracts for various
divisions of Lockheed Martin Corp., including LM MS2 (Submarine
Command and Control Consoles), LM Canada ( Naval Anti-Terrorism
System), LM Aeronautics ( Parts for P-3 Orion Airplane), and L-3 (
Navy Frigate Command and Control Consoles). Northstar also
designed, manufactured, and sold its own sonar based system to
commercial customers.
In the past few years, we have worked towards re-establishing
the company in the key areas in which it has excelled in the past
and, thereby, to grow the company bigger and stronger than it was
previously. To that end, we have brought together a team of world
class professionals who are fully dedicated to Northstar's
success.
Website (under construction at this time):
www.northstarelectronics.com.
Safe Harbor
Statement:
This press release may include predictions, estimates, opinions
or statements that might be considered "forward-looking" under the
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements generally can be identified by phrases such as the
Company or its management "believes," "expects," "anticipates,"
"foresees," "forecasts," "estimates," or other, similar words or
phrases.
Contact:
Rich Kaiser
Investor Relations
757-306-6090
Eddie Cruz
Cruz Capital Advisors, Inc.
800-972-1656
SOURCE: Northstar Electronics, Inc.
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