Northstar Electronics, Inc. (NEIK) Becomes a Current Reporting Issuer with Its US SEC Filings; Preparing To Up-List to the OT...
May 26 2016 - 10:32AM
Access Wire
VIRGINIA BEACH, VA / ACCESSWIRE / May 26, 2016
/ Northstar Electronics, Inc. (OTC: NEIK), a product
development company, working primarily in the aviation, defense,
and marine industries, becomes current with the US SEC on its
mandatory filings.
On May 23, 2016, the Company filed its 2015 FORM 10-K audited
report for the year-ending December 2015 and its first quarter 2016
FORM 10-Q for the period ending March 31, 2016, with the US
Securities and Exchange Commission (SEC). The Company is now up to
date with its filings under the 1933 Act.
Northstar now intends to apply for its stock to up-list from its
current trading platform, OTC PINK to the OTCQB trading platform in
the immediate future. Once there, management believes the
credibility of the OTCQB listing will be an advantage for the
Company when dealing with accredited and institutional
investors.
Northstar 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 an active
marketing campaign to introduce the new version of the airplane to
high prospect areas internationally.
The Company will shortly be actively pursuing a capital raise.
Money from our capital raise campaign will be utilized mainly for
NSEL's operational needs, enhancements to present production
capabilities, new business development, and public company
disclosure requirements. Management focuses 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 Consols), 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.
Northstar Electronics (CE) (USOTC:NEIK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Northstar Electronics (CE) (USOTC:NEIK)
Historical Stock Chart
From Apr 2023 to Apr 2024