NEIK rumors of going current soon on otc - No
Post# of 94143
Posted On: 01/14/2016 7:31:07 AM
NEIK rumors of going current soon on otc -
Northstar Electronics, Inc., along with Sealand Aviation Ltd., has created a jointly owned company, Northstar Sealand Enterprises Ltd. The new company was set up to pursue opportunities in the aviation business, specifically to assemble, certify, manufacture, service, repair, overhaul, market and sell modern turboprop one engine commercial airplanes under license from an original equipment manufacturer.
The company is incorporated in Canada and located in Vancouver, British Columbia. Northstar Electronics,Inc. owns sixty percent (60%) of the shares in the new company and Sealand Aviation Ltd. owns forty percent (40%) of the shares.
Northstar Electronics, Inc. ("Company"
is currently working on a potential arrangement with a subsidiary of an European aerospace company to assemble, co-manufacture and market a single engine turbo-prop airplane for commercial applications. To support these endeavours, the Company is attempting to raise funds through a private placement.
Northstar Electronics’s joint venture company with Sealand Aviation, Northstar Sealand Enterprises Ltd. (NSEL) , is working to secure licence/distributor agreements with an Original Equipment Manufacturer (OEM) to assemble, certify, manufacture, service, repair, and market a new version of a turboprop single engine airplane for the North & Central American, and other markets. The airplane is used in multi-purpose commercial applications in a growing market.
Since the last update, progress has been made, and we are currently working towards completing financial and contractual arrangements. Additional market areas recently gained should add considerably to our potential sales.
We are continuing our market research and planning new sales strategies to generate orders from the multiple new markets. Letters of expression of interest in the new aircraft have been received from prospective customers.
We are planning flight demonstrations for next year, with first deliveries expected in late summer 2016.
Work is progressing on Northstar’s intent to become current with its SEC reporting in as short a time frame as possible.
As we stated previously, once we achieve our objectives, we believe that our share price will respond favorably and that it could reach a reasonable and stable price range.
Northstar is currently raising funds through a Convertible Preferred Share Private Placement. The funds are intended to be used to complete the work required to become current with the Company’s SEC filings, to return to the OTCQB trading platform, and for working capital for the current phase of our planned new aviation business.
Northstar has a long history of developing and manufacturing defense and commercial electronic and mechanical systems. The company is now being restructured to go forward with a renewed focus on the development of a new aviation business and carry out work to develop innovative sonar systems. In addition to a small number of internal personnel,
Northstar's new business model utilizes outside expert associates to ensure that we have world class talent working on our projects.
Northstar Electronics, Inc., along with Sealand Aviation Ltd., has created a jointly owned company, Northstar Sealand Enterprises Ltd. The new company was set up to pursue opportunities in the aviation business, specifically to assemble, certify, manufacture, service, repair, overhaul, market and sell modern turboprop one engine commercial airplanes under license from an original equipment manufacturer.
The company is incorporated in Canada and located in Vancouver, British Columbia. Northstar Electronics,Inc. owns sixty percent (60%) of the shares in the new company and Sealand Aviation Ltd. owns forty percent (40%) of the shares.
Northstar Electronics, Inc. ("Company"
is currently working on a potential arrangement with a subsidiary of an European aerospace company to assemble, co-manufacture and market a single engine turbo-prop airplane for commercial applications. To support these endeavours, the Company is attempting to raise funds through a private placement. Northstar Electronics’s joint venture company with Sealand Aviation, Northstar Sealand Enterprises Ltd. (NSEL) , is working to secure licence/distributor agreements with an Original Equipment Manufacturer (OEM) to assemble, certify, manufacture, service, repair, and market a new version of a turboprop single engine airplane for the North & Central American, and other markets. The airplane is used in multi-purpose commercial applications in a growing market.
Since the last update, progress has been made, and we are currently working towards completing financial and contractual arrangements. Additional market areas recently gained should add considerably to our potential sales.
We are continuing our market research and planning new sales strategies to generate orders from the multiple new markets. Letters of expression of interest in the new aircraft have been received from prospective customers.
We are planning flight demonstrations for next year, with first deliveries expected in late summer 2016.
Work is progressing on Northstar’s intent to become current with its SEC reporting in as short a time frame as possible.
As we stated previously, once we achieve our objectives, we believe that our share price will respond favorably and that it could reach a reasonable and stable price range.
Northstar is currently raising funds through a Convertible Preferred Share Private Placement. The funds are intended to be used to complete the work required to become current with the Company’s SEC filings, to return to the OTCQB trading platform, and for working capital for the current phase of our planned new aviation business.
Northstar has a long history of developing and manufacturing defense and commercial electronic and mechanical systems. The company is now being restructured to go forward with a renewed focus on the development of a new aviation business and carry out work to develop innovative sonar systems. In addition to a small number of internal personnel,
Northstar's new business model utilizes outside expert associates to ensure that we have world class talent working on our projects.
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