NEIK.ob...I wish I could say when exactly the pieces will all fall into place here and I know this stock has been a major disappointment. For me as well as I have a boatload. The thing is I am convinced we are within a couple qtrs of seeing the promise here finally rewarded. I understand it has taken a lot longer than I thought but when your clients are Lockheed Martin, L-3, Boeing, Bombadier etc you are NOT the tail wagging the dog...you are the tail being whipsawed by the dog rel to delays, re pricing, diff parts for same work retooled etc etc...but the fact is these big boys love the work they get from this little company and that is why they keep coming back...and NEIK's rep among the giants is growing as will be evidenced by further awards here soon. I know you have heard it before and I would not blame anyone for being doubtful but it IS going to happen here...this just out--
B: Prime Equity Research Issues Update of Northstar Electronics R
esearch Report ( BusinessWire )
B: Prime Equity Research Issues Update of Northstar Electronics Research Report
( BusinessWire )
VANCOUVER, British Columbia, Sep 15, 2010 (BUSINESS WIRE) --
Northstar Electronics, Inc. (OTCBB: NEIK), specializing in engineering,
systems integration and contract manufacturing for Aeronautics, Defense
and Homeland Security, announces that Prime Equity Research has issued
an update of its previous research report on the Company with a
'speculative buy' rating and a fair present value of Northstar's stock
of US$0.37 per share.
The update specifically mentions that the Company recently received an
increase of US$9.1M in its contract with Lockheed Martin for the
manufacture of parts for the P-3 reconnaissance aircraft, bringing the
total value of the contract to US$16.4M. Dr. Wilson Russell,
Northstar's
CEO, added, " This new order increases our present work in hand to over
US$12M. We have bids in with existing and new customers for over US$20M
in other contracts which we expect will be awarded within the next few
months."
The independent analyst with Prime Equity Research is a Certified
Financial Analyst (CFA) in accordance with the CFA Institute Code of
Ethics and Standards for Professional Conduct. The analyst has
previously conducted research for a number of Western European and
North
American financial institutions, including Janney Montgomery Scott.
Northstar engaged Prime Equity Research and paid for the services prior
to any recommendation rating to ensure objective research.
To review a copy of the report, please visit the Prime Equity Research
website at primeequityresearch.com
or Northstar's website at www.northstarelectronics.com.
For further information on Northstar, contact Rich Kaiser, Investor
Relations, YES INTERNATIONAL, yes@yesinternational.com,
#800-631-8127 and/or Beverly Jedynak, Media Relations, Martin E. Janis
&
Co, Inc., bjedynak@janispr.com,
312-943-1123.
SOURCE: Northstar Electronics, Inc.
For Northstar Electronics, Inc.
YES INTERNATIONAL
Rich Kaiser, Investor Relations
800-631-8127
yes@yesinternational.com
and/or
Martin E. Janis & Co, Inc.
Beverly Jedynak, Media Relations |
