NEIK earnings news out:
VANCOUVER, B.C., Aug 3, 2000 (BUSINESS WIRE) -- Northstar Electronics, Inc.
(OTCBB:NEIK), a Delaware company, is pleased to announce net earnings of $49,486
US or $ 0.01 per share profit for the three-month period ending June 30, 2000
from revenues of $736,264 US.
These profits come after several years of product commercialization in a highly
competitive environment and mark a real turning point for this dynamic and fast
growing company.
Northstar is an underwater wireless communications developer and advanced
electronics manufacturer. Its customers include the US Government (NOAA) and
Lockheed Martin.
Wilson Russell, Northstar's president, says, "Our profitability comes from
having leading-edge technologies, advanced production capabilities, strong
business development expertise and a first-class professional team. We intend to
aggressively pursue larger opportunities in the defense, aerospace and offshore
oil and gas industries."
On Behalf of the Board of Directors, Dr. Wilson E. Russell, President/CEO
Note: Included in this release are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and is subject to the safe harbor
created by those sections. Although the Company believes the expectations
reflected in such forward looking statements are reasonable, it can give no
assurance that such expectations reflected in such forward looking statements
will prove correct. The Company's actual results could differ materially from
those anticipated in the forward looking statements as a result of certain
internal and external factors.
CONTACT: Northstar Electronics, Inc.
Corporate Office, Toll-Free: 1-877-685-0364
E-mail: stican@aol.com
Website: www.northstarelectronics.com
or
YES International
Mr. Rich Kaiser, Toll Free: 1-800-631-8127
E-mail: yes@yesinternational.com
or
Equity Consulting Online
Investor Relations, 757/ 721-6136
E-mail: allindt@equityconsultingonline.com
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KEYWORD: DELAWARE INTERNATIONAL CANADA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
ENERGY
ENVIRONMENT
TRANSPORTATION
AEROSPACE/DEFENSE
EARNINGS
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