$NEIK UPDATE Northstar Electronics Extends Closing Date of Acquisition to May 23rd

Northstar Electronics Extends Closing Date of Acquisition to May 23rd
PR Newswire

VANCOUVER, British Columbia, May 8, 2012

VANCOUVER, British Columbia, May 8, 2012 /PRNewswire/ -- Northstar Electronics, Inc. (OTCBB – NEIK), which previously signed a Letter of Intent to acquire Echotec Sonar Corp., is announcing a two week extension, to May 23rd, of the closing of the acquisition due to additional time needed for Canadian legal requirements.

The company will release further information related to closing when available.

About Echotec:

Echotec Sonar Corporation is a private Canadian company. The founders have over eighty combined man-years of expertise developing high frequency sonar products within the defense and commercial fishing industries. Echotec Sonar is a world leader in this field through experience, technical acumen, and a team diversity, which understands the needs of many defense and commercial entities. http://www.echotec.ca