NEIK
Northstar Electronics Subsidiary Wins New US Government Orders
VANCOUVER, B.C., Nov 29, 2000 (BUSINESS WIRE) -- Northstar Electronics, Inc.
(OTCBB:NEIK) announced that its subsidiary, Northstar Technical Inc., recently
received orders for its NETMIND underwater wireless communication system from
NOAA (US National Oceanic and Atmospheric Administration) and from the US
Department of the Interior National Parks Service.
The NOAA orders were a continuation of orders placed previously in 1999.
Over the past few months, Northstar Technical has expanded its NETMIND market
with sales to New Zealand and Korea. Customer reaction has been extremely
positive and bodes well for future sales in these highly active areas.
Northstar's recent marketing efforts have included exhibiting at FISH EXPO in
Providence, Rhode Island, FISH EXPO in Seattle, Washington, and Marine 2000 in
St. John's, Newfoundland. Northstar received substantially heightened customer
interest for its superior NETMIND system, fueled by increasing international
product recognition and global demand.
Commenting on the order, Wilson Russell, President and CEO of Northstar
Electronics, remarked, "We are thrilled about furthering our relationship with
NOAA. We feel that a repeat order from such a respected US government agency
speaks highly of our product. We're quite excited about the interest and
opportunities generated by our presence at recent trade shows, and look forward
to the continued growth of NETMIND sales in this marketplace."
About Northstar Electronics, Inc.
Northstar Electronics, Inc. is the parent company of both Northstar Network
Ltd., a defense and aerospace contractor specializing in advanced electronics
manufacturing, fiber optics, microelectronics design, software development and
systems integration, and Northstar Technical Inc., a developer of wireless
communication systems for underwater applications and a manufacturer of
submarine control consoles under contract to Lockheed Martin.
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: Magnum Financial Group, LLC (North America)
Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
or
YES International (North America)
Rich Kaiser, 800/631-8127
rich@yesinternational.com
or
The Quantum Group (Europe)
David Harell, 011-972 54 431 595
davehar.el@usa.net |
