Northstar Electronics, Inc.’s (NEIK) Progress Update
NORTHSTAR ELECTRONICS INC (NEIK)
NASDAQ:AMEX Investor Relations:
northstarelectronics.com/contactir.html
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) -- Northstar Electronics, Inc. (OTCQB:NEIK) provides an updated report on its subsidiary, Northstar Sealand Enterprises Ltd. (NSEL). NSEL continues to work diligently to acquire a “Definitive Agreement” for the worldwide rights to a “Turbo Prop” single engine industrial airplane from a world leader in the aerospace industry. The primary applications of the airplane are for “Agriculture” and “Rapid Response Forest Fire Fighting (RRFFF),” where the needs for both variants of the airplane are high. Management continues to interact weekly with senior managers in the international aerospace company and its subsidiary. The Company believes the new design features of the NSEL “Agriculture and Rapid Response Forest Fire Fighting” airplanes will quickly lead to it being a leader in its class. There is a strong possibility that the large aerospace company will use NSEL’s transaction as an “Offset,” which means that much of NSEL’s
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