Virginia Beach, VA, July 15, 2016 (GLOBE NEWSWIRE) — Northstar Electronics, Inc. (OTC PINK: NEIK) a system development company, working primarily in the aviation, defense, and marine industries is pleased to announce that, effective today, the Company’s stock has been approved for up-listing to the OTCQB trading platform. The Company would like to thank OTC Market Groups compliance department and management for its assistance and cooperation during this transition.
The Company’s management believes that the up-listing to the OTCQB trading platform is an important event in that there will be greater market exposure as the Company moves forward with its anticipated business growth. Also, we expect that, through the OTCQB listing, the Company will have access to status boosting upgrades.
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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 (Mechanical parts for the 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.