Northstar Electronics, Inc. (NEIK) Begins Filing Reports to Become Current with U.S. SEC, Provides Business Update

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.

ReleaseID: 437702